he knew there was no way the republicans were going to vote for one dollar of tax revenue increase. so why should he put a big tax revenue increase plan on the table and expose himself as the big tax raiser? so he put this little thing, this one-fourth. what he s demonstrated finally is that the republicans are actually not as interested in the debt crisis or not as interested in deficit reduction as they are in protecting tax exposure, especially at the high end of the tax code. there s another reason i have you on. let me play the clip first. no, no, you don t have to. oh, yeah, oh, the clip. we have the clip. here it is, 15 years ago. i m afraid of this. almost to the hour, the first time on msnbc. it s to the minute. it s like 9:22. you were one of the first guests. let s quickly go to the clip. good morning and welcome to msnbc. i m jodi applegate.
where is your plan? why don t you put your plan in public? they are hoping he will say something about medicare and social security that gives them cover right now because they re getting clobbered politically on the ryan budget. remember during health care and during stimulus, we heard criticism from democrats that the president was letting congress do too much of the work and he wouldn t present his own plan. this is the pattern of the president for better or worse. what do you think? in this case, it s exactly the right thing to do. i was wondering how he picked the ratio of why is it one dollar of tax revenue against three dollars of spending cuts. when the democrats did a big deficit reduction deal under clinton, it was one to one. it was one dollar of revenue to one dollar of spending cuts. that s the conrad plan that came out this week. why did it come out this week and not six months ago? many reasons why that one to one formula makes a lot of sense. here s what i think n
senator rob portman, republican from ohio. new senator but long time veteran of washington. thanks for coming on. thanks for your views. up next, back to plan b. after weeks of talks, mcconnell s hail mary punt is looking more likely. does anyone win in this scenario? we ll dig into it with msnbc s very first guest. he s still ahead. plus the president was asked to come up with a plan. he did it, but will the final deal look anything like it? co-chair of the president s debt commission, erskine bowles joins us later in the hour. a look at the president s schedule, the news conference up top. you re watching the the daily rundown on msnbc. can move as fast as you do. check out your portfolio, track the market with live updates. and execute trades anywhere and anytime the inspiration hits you. even deposit checks right from your phone. just take a picture, hit deposit and you re done.
reid and the idea of a tax binding tax reform, military base closure commission and some cuts on top. that s a plan that can get through this united states senate? i think it can get through the senate. i m not sure it can get through the house. i think we re in much better shape than we were a few days ago when wurp talking about the post limit deal with nothing, possible default or on the other hand, not having any cuts at all and simply allowing it to be extended. it looks like we re back on track to have some meaningful, credible spending reductions which is all the credit agencies and outside experts are calling for. in the same context, putting together something binding over a short period of time to deal with longer term problems. you are comfortable with the idea of the up or down vote, no amendment. what will the makeup of this tax reform, we re supposed to call it a joint committee, you don t want to use the commission word.
trip down memory lane. good morning, it s friday, july 15th, 2011. i m chuck todd. i m excited about carmageddon. thank god i don t live in l.a. consider it an arm sift. nobody has won. nobody has lost too badly. why the negotiations on the federal debt are over. the band-aid plan is starting to take shape. the boundaries of a dmz are being drawn. the larger battle, the cold war is years from being settled. here read and mitch mcconnell are negotiating a version of the mcconnell plan c, the fail safe plan that would allow the president to raise the debt ceiling in two or three increments. we say that because it s still being negotiated. guaranteed spending cuts will likely be added to the mix, part of the 1.5 trillion from the biden talks. that s the starting point. that s being used to work out.