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Detailed text transcripts for TV channel - MSNBC - 20110120:17:33:00

Taken to try to get this economy moving more rapidly. and that s one of the things that was advantageous for the president about that deal with republicans. not only extending the bush tax cuts for another two years, but adding that payroll tax cut, some more business tax cuts, which is probably as much stimulus as this president is going to get. he can talk about that and try to keep the positive signs going in that state of the union message. john harwood in d.c. for us. john, as always, thank you, sir. appreciate it. today republicans are getting started on tackling their next big agenda item, federal spending. right now they re unveiling their spending reduction act, which calls for massive budget cuts immediately and over the next decade. the plan calls for $2.5 trillion until cuts. favored gop targets like public broadcasting are on the chopping block, along with dropping the $1.5 billion amtrak subsidy with high-speed rail grants and other nondefense related discretionary sp ....

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