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Detailed text transcripts for TV channel - MSNBC - 20121204:14:04:00

the white house you get close. they say it lacks detail. doon pfeiffer says it does not say which loopholes they would close or savings they would achieve. if the president is rejecting this middle ground offer it is his obligation to present a plan that can pass both chambers of congress. are we at a stalemate who offers something next? house republicans said theirs mirrors one proposed by erskine bowles, the democratic chair of the fiscal position. bowles shot down that suggestion. while i m flattered the speaker would call something the bowles plan, the approach outlined in the letter speaker boehner sent to the president does not represent the simpson bowles plan nor is it the bowles plan.

White houseDoon pfeifferBowles planHouse republicansErskine bowlesSpeaker boehnerSimpson bowles plan

Detailed text transcripts for TV channel - MSNBC - 20121204:04:03:00

letter outlining the plan saying new revenue would be generated through pro-growth tax reform that closes special interest loopholes and deductions while lowering rates. oh boy. it s the mitt romney plan again. the offer letter actually described the proposal as the bowles plan. republicans say the plan is based on the outline for the debt commission co-chair. the approach outlined in the letter speaker boehner sent to the president does not represent the simpson-bowles plan nor is it the bowles plan. the white house also rejected the offer in a statement today. the republican letter released today does not meet the test of balance. in fact, it actually promises to lower rates for the wealthiest americans and sticks the middle class with the bill. their plan includes nothing new and provides no details on which e deductions they would eliminate, which loopholes they would close or which medicare savings they would achieve. hold it right there, folks.

Bowles planHouse republicansLetter outliningMitt romney planTax reformDebt commission co chairOh boyJohn boehnerWhite houseSimpson bowles plan

Detailed text transcripts for TV channel - FOXNEWS - 20121129:05:05:00

ran for office, saying you wouldn t raise taxes or revenue, and said, well, i care more about this country i do about a 20-year pledge. you ve taken heat for this. i want to give you a chance to explain. my difference with grover, it s pretty simple, the simpson-bowles plan that came out that said we re going to address the long-term debt of this country, recommended that you eliminate all tax credits and tax inclusions in a major tax reform package. the gang of six that i was a part of, still a part of, followed that recommendation. we think you ought to eliminate all of that. that will generate about $1.2 trillion in revenue. not new taxes. revenue. then you decide whether you re going to add the mortgage interest deduction, charitable deduction, other things back in there. so the question is, what do you do with that revenue that s been generated? we owe $16 trillion. i think that you got to pay part of that revenue toward that debt

Simpson bowles planTax inclusionsTax creditsTax reform packageMortgage interest deduction1 2 trillion2 trillion6 trillion16 trillion

Detailed text transcripts for TV channel - MSNBC - 20121129:11:05:00

Detailed text transcripts for TV channel - MSNBC - 20121129:11:05:00
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Detailed text transcripts for TV channel - FOXNEWS - 20121126:23:04:00

players on the fiscal issues. erskine bowles, coauthor of the simpson-bowles plan, they want the business community to hear their ideas after president obama met with ceos two weeks ago. a big deal should include spending cut and reforms. chief white house correspondent ed henry is reporting that both sides cannot agree on whether they are still talking. the republicans suggest fiscal talk hit impasse and demand that president obama show leadership to break it. we ll wait on the president and hope he can bring people together to forge a compromise. if he does, we will get there and if he doesn t, we won t. that simple. white house released a report on cyber monday warning that a deadlock would crush retailer and devastate consumer spending, white house spokesman carney pushed back

President obamaBusiness communitySimpson bowles planErskine bowlesEd henryWhite houseSpending cutHouse republicansTalk hit impasseConsumer spendingReport on cyber mondaySpokesman carney