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Detailed text transcripts for TV channel - MSNBC - 20121109:19:10:00

i think there s awareness of the fact that obama said clearly the wealthy have to pay more taxes. above $250,000 there s a line in the sand saying this group will pay more in terms of revenue contribution. you have a group whether it s mcconnell actually much more explicit than boehner in the senate, or boehner saying we can play around with the tax code to increase revenues but not increase rates. those are pretty unkwif cal lines. the realm of agreement between medicare, defense, et cetera is a widely shared realm. that line in the sand when you think from wall street and a business perspective seems far too bright given somebody has to pull back from the brink. you re saying that their sides are to distinct on this one issue. they drew a clear line about an issue is revenue inconsequenceal. you don t get to this by raising taxes on the wealthy.

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