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Detailed text transcripts for TV channel - CNN - 20110414:11:06:00

Can t cut too much or weem have problems there. you saw another issue popping up right away. but then medicare and medicaid savings, but immediately the president was casting himself as protector of senior citizens. saying that paul ryan wants to invent medicare as we know it. and finally he said let s repeal the bush era tax cuts, although reality check here, the president had a chance to do that in december when they had the big tax deal and he declined to do it. he did not politically have the votes in the senate to stop the bush era tax cuts from continuing. those tax rates. paul ryan, the republican who laid out his plan a couple weeks back, was pretty fired saying he thought this speech was a lot more partisan than expected. what we heard today was not fiscal leadership from our commander in chief. what we heard today was a political broadside from our campaigner in chief. i guess it s no coincidence that last week when the president launched his billion dollar ....

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Detailed text transcripts for TV channel - CNN - 20110414:10:07:00

Republicans and conservative democrats might have to raise some taxes. liberals screaming about tax cuts, they ll have to step up. this is a unique opportunity for the commander in chief to say, look, folks just as he has come around despite the own debt commission and the shutdown, the president has come around. what s starting to happen is people who absolutely objected to ending those bush era tax cuts on people earning more than $250,000 are also going to have to come around. the reality is you can t have both ways. taxes are likely to go up. and the president has now deputized vice president biden to go out there early in may. the president has set a deadline by the end of june to get a deal. that sounds really ambitious. they re far apart right now. but they ll need some sort of pressure. just like last friday the pressure of a government shutdown finally forced everybody to come to a deal. like cramming for a final. good to see you. ....

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Detailed text transcripts for TV channel - CNN - 20110414:11:04:00

Indicted. they re not saying what this alleged crime is. they say he s a korean american businessman. they re working with the swedish embassy in pyongyang since there are no diplomatic ties between the countries. $4 trillion in cuts. president obama laying out his most ambitious plan yet to slash the national deficit including something once considered untouchable, medicare. also he want to erase the bush tax cuts for the heist tax brackets. the past decade, the average income of the bottom 90% of all working meshes actually declined. meanwhile, the top 1% saw their income rise by an average of more than a quarter of a million dollars each. that s who need to pay less taxes? as you can imagine, that has the gop fired up this morning. 54% of americans think the taxes they ....

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Detailed text transcripts for TV channel - CNN - 20110414:10:29:00

Condition of the patient, to land on its own. president obama unveiling a plan to cut $4 trillion from the deficit. it includes changes to medicare and erasing the bush era tax cuts for the highest bracket. that s something republicans are still insisting is off the table. still a long way to go to come up with some agreement. barry bonds guilty of obstructing justice. the jury could not reach a verdict on three perjury charges against baseball s home run king. the judge actually declared a mistrial on those counts. a sentencing date on the obstruction will be set for next month. a number of cities including washington, d.c., say those popular online travel websites owe them millions of dollars in back taxes. ongoing discussion about online websites. stephanie elam here minding your business and telling us what this new fight is bncht when it goes to the whole tax thing. when you look at your bill ....

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Detailed text transcripts for TV channel - CNN - 20110414:10:18:00

The president looking to cut $200 billion in medicare, $100 billion in medicaid. the debt commission called for more. $400 billion from medicare, $58 billion from medicaid. the other way to overcome deficits is by increasing revenue or taxes. let me show you what the plans call for on that front. a core to fiscal conservative beliefs is if you cut taxes, you spend more. the republican plan cuts taxes by $800 billion and keeping those bush era tax cuts for people making $250,000 or more. the president s plan would increase revenues by a trillion dollars by eliminating many deductions. this is an $800 million cut. this is an increase in revenues by increasing increase taxes on those making $250,000 or more. those bush era tax cuts. then there are corporate tax cuts. i want to show you these and how ....

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