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Detailed text transcripts for TV channel - MSNBC - 20121230:12:16:00

million dollar, when that didn t work, he insisted that the senate act. he wants to see how many democrats are on board and how many senate republicans, especially the more conservative members, those up for re-election in 2014, how many of them would be prepared to go forward and then that gives boehner more muscle to try to get enough of his republican members to go along. in the house they ll need house democrats and republicans. so there is a mechanical part of this. there is a political arm wrestling part of this and it s what will unfold in the next 24 hours and how can they reach a deal? both sources tell me part of the sticking point right now is where to set the income tax threshold and what happened. speaker boehner wants to make certain that at least some of that stays in, meaning there would be spending cuts, and that would certainly change the game going forward because those big

Detailed text transcripts for TV channel - MSNBC - 20121230:12:15:00

well, at the risk of this being the eyes glazed over moment you re dealing with something essentially taxes. and the constitution and the laws make it a requirement that that originate in the house of representatives. they have the power of the purse. one of the challenges beyond the political arguments and the handshake-style deal-making that we hope will happen in the next few days there are the me canics of getting it done and getting it done in time. now, i m always surprised by procedure that there s a way to pull a rabbit out of a hat when they have agreement. but there are steps to be taken. will they allow for much debate? will the house take a look what the senate has done? the big power shift here, richard, is we ve been so focused the house and the talks were focused the president and speaker boehner. when he was unable to get enough votes for his idea to have the income tax threshold be at a

Detailed text transcripts for TV channel - MSNBC - 20121229:00:16:00

and the constitutions and the laws make it so that it s a requirement that originate in the house of representatives. one of the challenges beyond the political arguments and the handshakes dial deal making that we hope will happen over the next few days, there are the mechanics of getting it done and getting it done in time. now, i m always surprised by procedure that there is a way to pull a rabbit out of a hat when they have an agreement. but there are steps that need to be taken. will they allow for debate? the big power shift is that we have been so focused on the house on what speaker boehner could or could not do. when he was unable to get enough votes for his idea to have the income tax threshold be at a million dollar, when that didn t work, he insisted that the senate begin to act. politically, that s important because they want to see how many democrats are on board. will all of them join in?

Detailed text transcripts for TV channel - MSNBC - 20121229:07:16:00

but there are steps that need to be taken. will they allow for debate? the big power shift is that we have been so focused on the house on what speaker boehner could or could not do. when he was unable to get enough votes for his idea to have the income tax threshold be at a million dollar, when that didn t work, he insisted that the senate begin to act. politically, that s important because they want to see how many democrats are on board. will all of them join in? and how many senate republicans, especially the more conservative members, members who were up for reelection in 2014. how many of them will be prepared to go forward. and then, that gives boehner more muscle to try to get enough of his republican members to go along. in the house, they ll need house democrats and republicans. so there is a mechanical part of this.

Detailed text transcripts for TV channel - MSNBC - 20121229:10:15:00

vehicle that has already been passed? well, at the risk of this being the eyes glazed over moment, one of the big issues here is that you are are dealing with something that is about essentially taxes, and the constitutional and the laws make it a requirement that that originate in the house of representatives. they have the power of the purse. so one of the challenges beyond the political arguments and the handshake-style deal making we hope will happen over the next few days, there are the mechanics of getting it done and getting it done in time. now, i m always surprised be by procedure that there is a way to pull a rabbit out of the hat when they have agreement, but there are steps to be taken. will they allow for much debate, or will the house take a look at what the senate has done, and the big power shift here, richa richard, is that we have been so focussed on the house and what speaker boehner could or could not do and the talks were focused between the president and speaker

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