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Detailed text transcripts for TV channel - MSNBC - 20120216:18:48:00

journal, major garrett. you ve taken a deeper look at the historical context of calling for higher taxes. but higher taxes for the wealthy, that s populism, that s good politics for a democratic president, is it not? that s poppopulism. the president s taken that message, put it in his budget, and it s a very interesting moment. i looked back to see if there had been any democratic incumbent president since harry truman to proposal higher taxes in a re-election year. no, there has not. barack obama has according to the administration, $1.7 trillion over ten years. republicans say it s $1.9 trillion. whatever. it s a huge chunk of change. it s not the tax increases that he campaigned on under 2008. you ve got the buffett rule. airline security taxes, higher capital gains and dividend taxes. he s added on to the idea of raising taxes, in an election year. and that strikes me as more than mildly interesting. because democrats have historically been extremely traumatized by the entire t

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