bracket and the republicans say, no, no, no. we don t want to do that. we have to restore the tax cuts to the rich people. they don t want to be in that situation, they can t let themselves get in that situation. which is why, i think you saw john boehner come out pretty aggressively this week and say he s open to a compromise. the key word in his statement and the statement he made before the election was tax rates. he doesn t want to see the rates go up. greta: that s the washington game. you know, they are not going to raise the rates, but they get rid of deductions so the amount of tax you pay does the tax you pay does go up. i mean, that s when they play that game, i roll my eyes. one of them told me, mitt romney, on the campaign trail. suggested limiting deductions for higher-income earners. the dedux like mortgage interest and charitable but people don t have. they are going on raise tacks.
bracket and the republicans say, no, no, no. we don t want to do that. we have to restore the tax cuts to the rich people. they don t want to be in that situation, they can t let themselves get in that situation. which is why, i think you saw john boehner come out pretty aggressively this week and say he s open to a compromise. the key word in his statement and the statement he made before the election was tax rates. he doesn t want to see the rates go up. greta: that s the washington game. you know, they are not going to raise the rates, but they get rid of deductions so the amount of tax you pay does the tax you pay does go up. i mean, that s when they play that game, i roll my eyes. one of them told me, mitt romney, on the campaign trail. suggested limiting deductions for higher-income earners. the dedux like mortgage interest and charitable but people don t have. they are going on raise tacks. but the rich people don t
tax cut. we have a 20% tax cut across the board, no matter what income level you fall into. but for those people at the higher levels of income, what governor rom no is proposing is closing loopholes and dedux for those individuals that will ultimately make the entire budget revenue neutral. shannon: when will we find out what they are? when a budget is put together, when the budget committee puts forward a budget, they don t put forward a budget with every loophole and deduction and every single they have a couple of numbers, they say here s the top number, here s the bottom number. you go to the ways & means committee and i sit down with a burch of people and i figure out how to get a tax cut across the board and close the loopholes so the people at the higher levels pay more. you make it revenue neutral. that s how the process works. here s the deal. debbie wasserman-schultz.