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Detailed text transcripts for TV channel - MSNBC - 20120213:19:10:00

Here are some of the facts in the budget. take a look. letting the bush cuts expire for those making more than $250,000 a year. gas and coal companies, the plan also imposes a $61 billion tax over ten years on big banks to recoup costs from the bailout. warren buffett pays a lower tax rate than his secretary. that s not fair. it doesn t make sense at a time when we ve got to pull together to get the country moving. i m proposing some difficult cuts that frankly i wouldn t normally make if they weren t absolutely necessary. but they are. the truth is we re going to have to make some tough choices in order to put this country back on a more sustainable path. so republicans are already calling it class warfare. minutes ago ....

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Detailed text transcripts for TV channel - MSNBC - 20120213:19:36:00

Win that cpac straw poll after his speech wasn t all that well received. sometimes it doesn t matter how ugly it is, as long as you win, that s what matters. that could be the theme of the romney campaign, all that matters is winning the republican nomination. mark, thank you very much. by the way, we continue to follow the develops news on president obama s newly released budget. it is, of course, reigniting that old fight over the bush era tax cuts. here in fact is a live picture of washington, d.c. where senate democrats are talking to reporters about the budget. the president says everyone must do their fair share and play by the same rules, but republicans say it will smother growths to the economy. john harwood joins us. what do the democrats say? what they re saying is they re going to take to the voters the argument that they advanced in the budget talks with republicans last year that didn t produce that grand ....

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Detailed text transcripts for TV channel - MSNBC - 20120213:19:13:00

you ll see the republican version of it in march. competing books. a nice fancy booklet. so let s bring in michael smerconish. msnbc contributor. so, michael, here you have it, cutting benefits, raising taxes, we ve seen this debate over and over. they say they d like to tackle entitlements, but now is not the time. what do you make here? here we are, first of all, back at it again, let s put that out there, but what do you make of this budget and the complaints already? i think there s a sharp contrast that will be presented to the american people. maybe it already existed, but it s crystallized by this budget and by the response you ll hear from republicans as well as from the republican candidates. i would zero in on june wu aspect, dividend income, and whether the taxes all to continue to be 20% as they ve been under the bush proposals or whether that should go up to as high as 39.6% and be treated as ....

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Detailed text transcripts for TV channel - MSNBC - 20120213:19:38:00

Price for making a deal. that s the key difference between the democratic budget and republican budget that gets placed before the american people both in congress and through the administration. barack obama is calling for 1.5 trillion in new revenues, mostly from tax increases on the wealthy. he says that s necessary to both reduce the deficits and protect the priorities he values, republicans are saying we need to instead getting our big savings out entitlement programs and both sides are comfortable table their arguments there. the rising economic tide is lifting his fortune and amply filling his megaphone. john harwood, thank you very much. a judge has ruled that jerry sandusky can see his grandchildren under house arrest. the motion was granted with conditions, all visits must be supervised by the children s parents. also sandusky will not be able to see the three grandchildren who are currently the subject of a custody fight. ....

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Detailed text transcripts for TV channel - MSNBC - 20120213:19:11:00

this budget reduces our deficit by $4 trillion. that is absolutely untrue. i believe the president has abandoned his role as leader of this nation by not being honest with the american people about the significant of the national debt. joining me right now luke russert. let s break down the numbers. these figures here, what is then the truth? that depends on if you ask. one they claimed that a lot of we refer to already been factored in. believing that in fact they ll never be quote, our families, ....

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