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Detailed text transcripts for TV channel - MSNBC - 20130414:14:19:00

Your just like property taxes, you re clear about what they re paying for. with the payroll tax, we know what it s paying for, but i feel there s an obscurity around it. i have to say coming from a working class household, i didn t know that high incomes capped out. i didn t know there was a point at which you stopped paying payroll taxes. you know, the first time i ever earned enough, it was in a november, i was 32. i was like, my check is too big. it should be smaller this month. you re a rare bird. i had no idea that it felt to me like this seemed like the easiest tax base solution. everybody pay all year. consistent with that, the social security administration says if we raise the social security tax to 7.65%, we ll close the gap. so we know that the social security trust fund will top out in 2033 and this will close the fund. there s support for that. the backlash is always, well, we ve got to reform it now. ....

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Detailed text transcripts for TV channel - MSNBC - 20130112:16:07:00

Where we are going to go in the future and after that fight over the fiscal cliff, one of the issues of po s of politics is t people are saying, we taxed the rich and done there. so he has to keep pushing on the bloated military and the welfare, and part of the argument, we gave you that, we gave you tax breaks for the rich, and taxing the rich now sh, and so now it is all about entitlements and he has to shift the debate thein the coming yea or he is going to be in trouble around this question, i think. how much of the social security discussion about it being in financial trouble is manufactured versus in fact, that social security is in trouble? we do know that there is a very easy tax base solution, and all you have to do is the raise the tax on the percentager or the amount that is paid and right now, it is $130,000 income pays and you pay the social security income insurance, and you raise it and we will be solvent into the foree seeable future and ....

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