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Detailed text transcripts for TV channel - MSNBC - 20120119:08:52:45

Detailed text transcripts for TV channel - MSNBC - 20120119:08:52:45
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Detailed text transcripts for TV channel - MSNBC - 20120119:01:08:00

you talk about that carried interest, today ru purt murdoch said romney s tax uses as long term legal loophole, carried interest. makes all fund managers rich. time both parties stop selling out to wall street. what do you think about that? well, i think that if i were a wall street executive or hedge fund manager, i would be worried about romney running. once ordinary americans sitting around the kitchen table understand this, and that what is my column at reuters will be about tomorrow, once they understand this and how this game is rigged, far worse than they ever have been told, there will be public pressure to end this practice of pay now, pay your taxes years later. jon, your group, vote vets, has a petition to get romney to release his tax returns. why is this an important issue for vote vets? well look, he s running for commander in chief and it s no surprise you can go in any army

Detailed text transcripts for TV channel - MSNBC - 20120119:08:04:00

a reuters report discovered bain capital has millions of dollars in foreign tax havens in the kay men islands, bermuda, hong kong and ireland. this is not illegal but offshore holdings brings in massive profits for companies like bain, which is the source of mitt romney s income. he s becoming the poster boy for what is wrong with the tax code in the country. he calls himself an expert in creating jobs, but romney is an expert in gaming the system. what is the effect it rate i have been paying? probably closer to the 15% rate than anything, my last 10 years my income comes overwhelmingly from investments made in the past rather than ordinary income or earned annual income. i got a little bit of income from my book but i gave it all away and then i get speaker fees from time to time but not very much. not very much. the story won t go away. there is a new chapter every day.

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