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Transcripts For CNNW CNN Newsroom 20120403

will supposedly be paid for by closing loopholes and eliminating wasteful deductions. but the republicans refuse to list a single tax loophole they are willing to close. not one. and by the way, there is no way to get even close to $4.6 trillion in savings without dramatically reducing all kinds of tax breaks that go to middle class families. tax breaks for health care, tax breaks for retirement, tax breaks for homeownership. meanwhile these proposed tax breaks would come on top of more than a trillion dollars in tax giveaways for people making more than $250,000 a year. that s an average of at least $150,000 for every millionaire in this country. $150,000. let s step back for a second and look at what $150,000 pays for. a year s worth of prescription drug coverage for a seniors citizen. plus a new school computer lab, plus a year of medical care for a returning veteran, plus a medical research grant for a chronic disease, plus, a year s salary for a firefighter or a police o

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