Detailed text transcripts for TV channel - MSNBC - 20110825:

Detailed text transcripts for TV channel - MSNBC - 20110825:02:21:00

surveyed believe spending cuts are the key to reducing the federal deficit, not job crushing tax hikes. the report clearly states the exact opposite of what boehner claims. out of all the economists surveyed for the report, only 12% said the deficit should be reduced by spending cuts alone. the remaining 88% said at least some amount of tax increases are necessary in an overall deficit plan. but there is no surprise, the republicans love playing the opposite game with taxes. as we reported the other night, congressional republicans who complain about job crushing tax hikes are opposing president obama's proposed extension of the payroll tax holiday. that would amount to a tax increase on 46% of all americans, most of them poor and middle class. even radical anti-tax lobbyist groefber norquist says he needs to wait to see the final

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