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Detailed text transcripts for TV channel - MSNBC - 20121204:11:16:00

so when i see somebody say, oh, let s raise the marginal rate 5 percentage points, i m thinking of the owners of bagel heads in pensacola, florida, their taxes are going to go up 5%. i m thinking about a small accounting firm in poughkeepsie, new york, that s going to have to lay off a couple of staff members because their taxes will go up 5 percentage points. i m thinking about a parent that s going to have to make a decision at work because they have to send another kid to school because, listen, for millionaires, 5% more in taxes, we ll wash it out, we ll give more to charity, we ll do this. for somebody making $250,000 and i ve got to say, when the white house comes forward and says only 2% of small business owners actually file and are affected by this. i sit there and go, this shows how little they know. they act as if there s this huge chinese wall between a small business owner and the decisions

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