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Detailed text transcripts for TV channel - MSNBC - 20110415:20:32:00

escape from the people who spend their money are able to use tax havens to escape what they don t like at home. criminal laws, financial regulations. banks using tax havens a lot. tax is a big part of it. it s escape from democracy. and it s a very damaging thing. crystal, a question for nicholas? i was wondering there s been a lot of talk with the deficit reduction proposals, who are the best allies on capitol hill, and what s the likelihood we could close the loopholes? i think perhaps the strongest of all of the people introducing legislation is karl levin. he s put forth a different piece of legislation. he co-sponsored barack obama when obama was on the campaign trail called the stop tax haven abuse act. and there are various pieces of legislation. but that s probably the most important individual at the

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