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Detailed text transcripts for TV channel - MSNBC - 20130228:23:09:00

Defend people having loopholes on their yachts and their private jets and their homes if they make over a million dollars. i think that has to be on the table. joan? and, ezera, i m sure we agree that capping deductions and doing things like that are less desirable, but getting rid of carried interest and oil and gas subsidies, there are lots of other tax expenditures and lots of other subsidies and lots of other tax reform that i think wouldn t affect charitable reduction. so i think we could do a little bit of all of it if there was anybody to compromise with, frankly. if i could disagree with you. i agree we should get rid of the loopholes to help out hedge fund managers. but really, what the president s proposed is 90% for the rich, 90% of itemized deductions are charitable deduction and the mortgage interest deduction. so the bulk of them will come from those three. ....

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Detailed text transcripts for TV channel - MSNBC - 20130221:12:27:00

President s proposal of capping deductions at 28%. i like that idea. i think that makes sense. can we get enough democrats to go along with that? i would hope we can. i don t think we can do it all with democrats. should we raise cared interest? i think we ought to eliminate the carried interest. it s earned income. it s not capital gain. capital gain is when you take money out of your pocket, you put it at risk. and you get a premium for putting your money at risk. specifics. i know, i know. if i get money from calpers, big pension program, and i invest it, what i m doing is providing a service. frankly, i m a lawyer. if i provide a service, i earn income, even if it s a contingen contingency, what do i pay? so i think there s a lot of things we can do. but we ought not to pretend you can do it for free. i was for the clinton rates. i m for the clinton rates today. now, i wouldn t phase in the clinton rates immediately because the economy s still trying to get back. ....

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Detailed text transcripts for TV channel - FOXNEWS - 20121218:16:47:00

A careful review of our tax code and its yield over 12 years really makes clear to me that as republicans are locking ourselves into this current tax code through the americans for tax reform pledge have locked us into a level of revenue that we ve not reduced what it means for me to be a conservative, a fiscal conservative, to make sure we vote for a level of revenue that at least matches the level of expenditures we ourselves have voted for. jon: you have offered or suggested raising what, $800 billion through closing the loopholes? isn t that what congressman boehner, speaker boehner offered to the white house and was rejected so far? well, yes. i really believe that capping deductions is the first place we ve got to go in reforming our tax code. part of the appeal, jon is ....

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Detailed text transcripts for TV channel - FOXNEWS - 20121212:23:16:00

Boehner to sell compromise to republicans by saying the only way to go forward is for the speaker to cave. i m confident republicans would not hold middle class taxes hostage to try to protect the tax cuts for high-income individuals. white house officials today incested the president was merely reiterating a long-held position and said the hold up is the republicans failing to get specific about taxes. closing loopholeles they will not name, capping deductions that they will not specify sometime in the future. those magic beans are just beans. that fairy dust is just dust. boehner fired back the real problem is the president s latest proposal offered in private on monday is light on spending cuts and only dropping his request on tax ib crease increases from $1.6 trillion to $1.4 trillion. it s mainly tax hikes. the plan does not begin to solve the debt crisis. ....

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Detailed text transcripts for TV channel - FOXNEWS - 20121210:14:36:00

How been maing up, mr. president and use your mandate to bring this country together to stop us from becoming greece? doing what boehner, tip o neill and ronald reagan did? this political trophy you want rising rates runs the government for left len days when. it cops to debt ceiling time, mr. president, you will have a republican party make sure we save medicare and social security from bumps and save this country from becoming greece. one of his proposals we should never have any congressional check and balance raising the debt ceiling. he got elected president, not king. he is not king. he is president. martha: are you saying that republicans are willing to go to 39.6% back to that rate but the place where they will hold the line is on the debt ceiling issue. rates go up no matter what we do. there needs to be revenue component of any big deal. i think capping deductions is better than raising rates. there will come a day in february and march where we have to raise the debt ceili ....

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