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Detailed text transcripts for TV channel - MSNBC - 20110729:07:58:00

more than everism. whatever is going on, well, now more than ever, tax cuts and shrinking government is the answer to it. and rarely do we have this laboratory experiment that we can show you, which is, hey, this is exactly what life is like under these tax rates. we can show you from 1993 to 2001, this is what it was. how do you like the look of that economy? and this obama would say that. he used almost that exact line on the stump. but then you look at their policy, and they say, well, we want to get rid of the very rich tax cuts, $250,000 and above, and extend all the other ones permanently. that puts you far below the revenue that you had with clinton and below what you need in the future, with the retirement of the baby boomers. it s a huge tax cut compared to what you do if you do nothing. it s a big problem for them and folks who believe that the government can play an active

Detailed text transcripts for TV channel - MSNBC - 20110729:00:58:00

when it was also coming out of a recession at that time, you could let those tax rates go up. and let s be clear. allan green span who was a big advocate of the original bush tax cuts has said, it s time to let them go. let them expire. the remarkable thing about washington when it comes to this particular issue is in 2000, we had a big surplus. we seemed to be having economic growth for the foreseeable future, so we made a policy based on that. george w. bush was very clear. we had a surplus. it was the people s money, he was going to return it to the people. we now have exactly the opposite situation. we have a giant deficit. in a totally economic position. and yet they are saying we need the same policy. we need to agree that this is a different situation than in 1999 or 2000, and change. but as of yet, you have this now more than everism. whatever is going on, well, now more than ever, tax cuts and shrinking government is the answer to it. and rarely do we have this

Detailed text transcripts for TV channel - MSNBC - 20110729:00:58:00

to. but if the economy reaches the strength that it had in 1993 when it was also coming out of a recession at that time, you could let those tax rates go up. and let s be clear. allan green span who was a big advocate of the original bush tax cuts has said, it s time to let them go. let them expire. the remarkable thing about washington when it comes to this particular issue is in 2000, we had a big surplus. we seemed to be having economic growth for the foreseeable future, so we made a policy based on that. george w. bush was very clear. we had a surplus. it was the people s money, he was going to return it to the people. we now have exactly the opposite situation. we have a giant deficit. in a totally economic position. and yet they are saying we need the same policy. we need to agree that this is a different situation than in 1999 or 2000, and change. but as of yet, you have this now more than everism. whatever is going on, well, now more than ever, tax cuts and shrinking governme

Detailed text transcripts for TV channel - MSNBC - 20110729:03:58:00

and yet they are saying we need the same policy. we need to agree that this is a different situation than in 1999 or 2000, and change. but as of yet, you have this now more than everism. whatever is going on, well, now more than ever, tax cuts and shrinking government is the answer to it. and rarely do we have this laboratory experiment that we can show you, which is, hey, this is exactly what life is like under these tax rates. we can show you from 1993 to 2001, this is what it was. how do you like the look of that economy? and this obama would say that. he used almost that exact line on the stump. but then you look at their policy, and they say, well, we want to get rid of the very rich tax cuts, $250,000 and above, and extend all the other ones permanently. that puts you far below the revenue that you had with clinton and below what you need in the future, with the retirement of the baby boomers.

Detailed text transcripts for TV channel - MSNBC - 20110729:03:58:00

we have a giant deficit. in a totally economic position. and yet they are saying we need the same policy. we need to agree that this is a different situation than in 1999 or 2000, and change. but as of yet, you have this now more than everism. whatever is going on, well, now more than ever, tax cuts and shrinking government is the answer to it. and rarely do we have this laboratory experiment that we can show you, which is, hey, this is exactly what life is like under these tax rates. we can show you from 1993 to 2001, this is what it was. how do you like the look of that economy? and this obama would say that. he used almost that exact line on the stump. but then you look at their policy, and they say, well, we want to get rid of the very rich tax cuts, $250,000 and above, and extend all the other ones permanently. that puts you far below the revenue that you had with clinton and below what you need in the future, with the

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