Detailed text transcripts for TV channel - MSNBC - 20110609:08:22:30 comparemela.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from comparemela.com Daily Mail and Mail on Sunday newspapers.
to know that this has to get passed in order to get done. was this in your thinking, senator? guest: i have not met a person who knew they spending $1.1 trillion in the tax code and i have not met anyone who doesn t want to see the rates reduces to 8 and 14 and 23 percent everyone from the wall street journal to the new york times say that is a good idea. neil: it was understood that whatever you lose personal or business or otherwise, from getting rid of deductions you would make up for on this other income rate rate? guest: we bring them down and apply $100 billion a year approximately to deficit reduction and nothing to spending. guest: and of that $1 trillion $100 billion, the large of the chupg goes do people who army over 1 percent of america s income so it was put on this by high paid guys to take care of high end guys, and it doesn t help the little guying he