tv Martin Bashir MSNBC August 17, 2012 4:00pm-5:00pm EDT
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got to release six, eight, ten years. >> this time, you can trust me. >> trust me. >> you can trust me. >> the fascination with taxes i've paid i find to be very small minded. >> there's been numerous races given. >> very small minded. >> not familiar with precisely what i said sh but i stand by what i said, whatever it was. it's week one with paul ryan on the gop ticket coming to a close and oh, what a week it has been. here he is being introduced live at his second victory rally of the day in virginia. between the heckling at the state fair and the hot dogs in ohio, it's clear that congressional republicans budget guru, he's been drinking a lot of the the romney kool-aid. >> we're going to be offering ideas to get this economy growing. specifically, you see it right there on the wall.
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the romney plan for a stronger middle class. >> which of these do you think is better? bankrupt or solvent? >> we don't resent success. >> we have been a nation that has celebrated success. >> the chamber of commerce just recently surveyed their members. >> if we haven't gone through piece by piece -- i want to get wonky on you, but we haven't run the numbers on that plan. >> so, ryan is learning the romney camp doesn't like to get specific. the obama campaign today said let's make a deal with romney. offering to call off the dogs if he'll provide five years of tax returns. in an open letter from obama's campaign manager to romney's quote, he says, if the governor will release five years of returns, i commit in turn that we will not criticize him for not releasing more neither in ads nor in public communications nor commentary for the rest of
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the campaign. making the offer in light of team romney's assertion that opponents will never be satisfied, asking for more and more and more leading to more attacks. it's a claim ann romney repeated in an interview with "rock center" last night. >> we have been very transparent to what's legally required of us. but, the more we release, the more we get attacked. the more we get questioned, pushed. so, we have done what's legally required and there's going to be no more tax releases given. >> it comes a day after romney once again faced those pesky tax questions as he tried to explain his medicare plan with a white board. >> the fascination with taxes i paid i find to be very small minded. i never paid less than 13%. >> but under one of paul ryan's budget plans, romney would pay
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only 1%. that's right. mitt romney's worth $200 million, but under paul ryan's budget, he'd pay only 1% in taxes while middle class families would pay $1,000 more. >> not exactly how romney thought that was going to turn out. now while that ad talks about a ryan tax plan, it got a little bit harder for mitt romney to sell his plan to voters. the tax policy center again ran the numbers and this time, they included a change from team romney. and the result? not only does it not add up, it gives an even bigger tax break to millionaires while increasing taxes on the middle class by even more. romney calls the report garbage, but still no new details on how he plans to pay for a massive tax break, but he says it's possible. in an interview, he says quote, i will follow a model similar to simpson bowles and work with congress to figure out which we should apply to reduce
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deductions. in other words, you just have to trust him because he's not going to tell you much more. get right to her panel. msnbc analyst, jonathan alter and msnbc contributor, robert traynham. hello, gentlemen. >> hello, karen. >> so, robert, i've got to start with you, my friend. does governor romney think he can get through this whole campaign without giving any specifics? we've heard that refrain, we haven't run the numbers or item not going to give you the specifics. does he think it's going to work? >> i don't think so. i think he's trying to kick the can down the road through some more debates. i readily admit he needs to be more specific. but let's be honest. it's august. a lot of people are not paying attention. a lot of people are paying attention to the olympics and on vacation. however, when labor day comes around, when the conventions in, he has to be more specific as it relates to his own personal taxes, but also in term of my
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taxes, your taxes and everyone else's. >> at the same time, the longer he goes with these questions unanswered, the more times they give this answer, well, there's something in there that could be used against us, that plays into this narrative, there's something they're hiding. >> i have to take him at his word that he did not break any laws. most people don't like to pay taxes. most people probably just pay the bare minimum and i think president obama, karen finney, me, jonathan, everybody falls into that category. now, having said that, you're running for president of the united states. your father and others sent this precedent of transparency. i get that. i'm not exactly sure the average american out there really cares at the end of the day. now, they do care whether or not perhaps maybe he broke the law. but nothing indicates that. >> you know, jonathan, i do love this. everything that was legally required, that feels like a very
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careful parsing, actually, i think it was lawrence o'donnell last night made the point getting some of these tax shelters, that's legal. it's not a question of legality and i actually think voters really do care that it's not a small minded question. >> no, i don't think it is. the most important comment made this week was by paul ryan on sunday when bob schieffer asked him how many years of returns did the romney campaign ask of you when you were being vetted and his answer was sort of under the mike. was -- several. in other words, romney required ryan to provide him much more information than he's providing the taxpayers and the voters. why should we be entitled to less information about mitt romney than mitt romney required of paul ryan? >> right --
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>> this question is not going to dominate this campaign. and i think by you know, by answering the basic question, what percentage should you pay in taxes yesterday, he can tough this out now. i don't think he's going to be required to release any more pressure and i also don't think he's going to be all that much more specific. but the basic theme of your show today, karen, trust. that's going to be central. after all the math is is done, it's going to be who do you trust on taxes? who you trust on medicare. >> the white house has weighed in and so i don't, and the campaign has weighed in, so i don't see this issue going away. i think they're going to continue to try to keep it in the center and robert, i mean, at some point, you know, there's either they're going to have to give some answers or somebody's going to have a moment where you just get sick of being asked that question because the other thing that strikes me in the answers we've seen, there's sort of a growing tension of why am i
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being asked this question. if you're not going to dwif the answer, then prepared to get asked the question. >> when john mccain was looking at his vice presidential picks, mitt romney had to give 10 to 15 years worth of taxes. senator mccain has said there's nothing in mitt romney's taxes that is suggesting he did not pay taxes. we can argue that john mccain's a pretty admiral guy. >> did include 2009. >> let's talk about 2009 and why it's so important. why jim messina says let's make it five years. >> because a lot of wealthy people lost a lot of people in 2008 when the market crashed and they can arrange their returns in many cases so they pay. >> legally. nothing in taxes. >> it's all legal, by the way. >> but here's a critical point. i think what mitt romney is doing is having a solid and specific answer going into the
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debates. he's not going to be able to be vague when he's asked this question. he needs to come up with a much more credible answer that the american people can understand. it's not really a matter of fact. it's about trust. ronald reagan used to say trust but verify. i think what the american people want, i think i trust you, but i need some information to back up what you're saying. >> now he's saying that he thinks 13% is fair. there's this question of what he may or may not have paid in 2009 and under paul ryan's plan, he paid .82% and they seem to be on the same page. >> to me, that's going to be the bigger issue than this back and forth on these taxes. i think he's gone as far as he's going to go and the democrats will keep touting him on it, but they've gotten most of the votes they're going to get. but in a question of what will happen if romney and ryan are elected and how romney has pledged to cut taxes for the wealthy another 20% on top of
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the bush tax cuts, in other words, to take all this money that is being cut from social programs, from retirement programs and shove that to already wealthy individuals. that's the basic choice that the country faces. i think sometimes we get a little sidelined on to these issues. as opposed to -- >> i think that's what it comes down to is a question -- what's it mean for me. you have the romney was disputing the tax policy centers assertion -- revised you know their models have been based, economic adviser, so they went ahead and did the revisions and found it's actually worse for the middle class. >> i think there's a couple of things. governor romney and very rich people pay taxes on three parts of their income. the labor, the capital gains and
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they pay taxes on the dividends. so to suggest that just because we're sending back the ryan plan does raise taxes on the wealthy, the wealthy have paid taxes -- three times. >> but the problem is the tax policy center, said essential is there are now enough loopholes that you can close to make up the laws. >> they haven't been specific about any of the hoop holes. >> and said by the way, we're not going to close those right away. but just trust us. trust me. >> they've shown no specificity, no courage. paul ryan, a lot of people, he's the greatest. he hasn't told us a single loophole he would close. except for poor people. we know they would take it on the chin. >> i'm sorry. we've got to leave it there. thank you both and trust me, you're going to want to stay
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with us. next, the four letter word that just doesn't going away. >> bain capital. >> bain capital. >> bain. >> bain. you know what i love about this country? trick question. i love everything about this country! including prilosec otc. you know one pill each morning treats your frequent heartburn so you can enjoy all this great land of ours has to offer like demolition derbies. and drive thru weddings. so if you're one of those people who gets heartburn and then treats day after day, block the acid with prilosec otc.. and don't get heartburn in the first place. [ male announcer ] one pill each morning. 24 hours. zero heartburn. [ male announcer ] one pill each morning. ♪ [ acou[ barks ]ar: slow ] ♪ [ upbeat ] [ barks ] beneful playful life is made with energy-packed wholesome grains... and real beef and egg. to help you put more play in your day.
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i would like to say to mitt romney if you think you'd make such a good senator, come out here in indiana and see what your company has done to these people. >> we had no rights anymore. >> they cut the wages. >> basically cut our throats. >> that's an ad from ted kennedy's 1994 senate race in massachusetts against mitt
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romney. and it may have team romney feeling like it's deja vu all over again. the romney kennedy battle was hard fought and for a time, it looked like the young upstart from bain attempted to knock the line of the senate off his perch. just two months before that election, romney led by two points. but after a barrage of ads and devastating debate performance, romney ended up losing by 17 points and here we are almost 20 years later and it's more of the same on bain. a recent poll finds that in florida, 48% of likely voters think romney's experience -- and in pennsylvania, it's even worse. 51% saying on profits over jobs. tad devine is a democratic strategist. thanks for joining us. so, there are a lot of similarities between 1994 and today and this issue of bain and
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sort of not really having a narrative ant how to talk about bain. you would have thought in the last 20 years, they would have come up with a better answer. >> you would have. someone told me 18 years ago that i'd be sitting and talking about it, i don't think i would have believed it. but the truth is that mitt, those ads were effective in the senate race in '94 and i think the attacks were effective for a simple reason. mitt romney has made his record for job creation and when you subject that record for scrutiny, it simply doesn't stand up. whi >> in the context of this race, it feels like that's part of the reason they don't want to talk about the record. the more you look, the more sketchy it appears. >> i think they understand the claims they've made about job creation. in 1994, the claim was that romney created $10,000 in the private sector.
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when we ran those, we undermined his premise. in this campaign, they've been so bold as to assert mitt romney was responsible for creating 100,000 jobs. and i think they just think the bigger the lie, the more likely they'll get away with it. but the truth is, when you look at romney east record as governor and in the private sector, you see he was good at creating wealth. for himself and others who invested in him, but poor at creating jobs. the impact of the ads -- >> it's interesting because one that stands out from the race in their debate -- that multiple choice mix and it's the kind of mean in 2007 and worked very well and still, talking about four years later, again, it just
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strikes me as almost malpractice from the perspective of this campaign staff that there's not a better answer to a lot of these questions. these are the same questions. >> sure. they got away with it in 2002 and frankly in 2012 in the presidential campaign. because the republicans couldn't lay a glove on it and that's because in both instances, they were in devastating campaigns that knocked out their opponents, but romney and his team don't understand the level and depth of scrutiny. he thinks he can just walk away from these issues, but the truth is, too strong and i think -- from these issues. they should have handed this months ago by putting out a few years unless they're hiding something. >> well, they could have put something out a year ago and actually tried to define you know, for people what it actually means, but instead, we're going to just keep asking
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our questions. thanks so much for joining us. stay with us. we have much more ahead. >> this election really is all about policy. whether it be the economy, immigration, religious freedom, women's rights. do we want the failed ideas of the last four years? or the mystery prize inside the handsome box. now, folks, what could it be? copd makes it hard to breathe, but with advair, i'm breathing better. so now i can be in the scene. advair is clinically proven to help significantly improve lung function. unlike most copd medications, advair contains both an anti-inflammatory and a long-acting bronchodilator working together to help improve your lung function all day. advair won't replace fast-acting inhalers for sudden symptoms
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out from sort of all sides. any sense from the white house? are they feeling like they're winning on this issue? >> well, when you talk about the tax issue specifically, i'll take that one first. i think the white house believes they have the upper hand. the campaign officials do at least they are keeping up the pressure on mitt romney to release his tax returns. as you know, yesterday, mitt romney said he hasn't less than 13%. campaign officials said fine, prove it. you have campaign manager jim messina saying we'll back off if you just release five years and the romney campaign said we're not taking debate on that. i've been talking to folk in the romney campaign as well who say they don't think these questions are going to end. they think even if they release five years, there will be more questions, more criticism, but as of right now, officials with
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the obama campaign they're not going to let up on this issue. when it comes to medicare, i think you going to see that continue to be front and center. tomorrow, he heads to new hampshire and is going to continue to draw distinctions between his plan and that of the romney ryan plan. one of the reasons the obama campaign believes they're winning on that issue is because mitt romney has sort of shifted gears. >> so, what i love about that is that essentially, while governor romney is saying just trust me when it comes to my taxes, he doesn't want to trust jim messina when he says hey, give us five years and we won't ask you any questions. kristen welker at the white house. thank you. stay with us. the day's top lines are coming . [ dad ] i'm usually checking up on my kids. but last year my daughter was checking up on me. i wasn't eating well. she's a dietitian and she suggested i try boost complete nutritional drink to help get the nutrition i was missing.
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0i. from the ryan rollout and biden unshackled to mitt's dry erase economics, here are today's top lines. the week in review. >> the next president of the united states, paul ryan. >> i'm glad i'm done with the circus. >> how many of you have the paul ryan fever? >> i want to congratulate. >> cheese, little spot of with some miller. >> you sure that's not brick romney or chad? >> he and i both enjoy good humor. >> i wish that i had as much dark hair as he has. ♪ >> did my professor say good things about me? >> there's a boldness that gets you here. >> white, christian and mail? that's a triple not threatening. >> we haven't gone through piece by piece. >> i have my budget plan. that's the budget plan we're going to run on. >> i won't get wonky on you, but
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we haven't run the numbers. >> unchain wall street. going to put y'all back in chains. >> this is what an angry and desperate presidency looks like. >> just like your opinion. >> outrageous. >> unshackle our economy. >> are the republicans really in the moral high ground position? >> i call him a one-man romney supporting wrecking crew. >> i can't think of one prominent republican who talks the way they talk. >> does the the lake behind you have reflective properties? >> i've prepared a small chart here. >> i don't know. >> he has a pension for secrecy. >> kids with lemonade stands paying more than 13%. >> we've had a blind trust for how many years? >> this trust may have been legally blind, but --
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>> the more rewe release, the me we get attacked. >> joining us now, joy reid and susan del percio. it's the ladies talking now. so, it's been about a week since we first learned that paul ryan was going to be the running mate and he came jogging off the deck of that battleship, but it's noticeable that the polls haven't really budged, which is interesting because ever since 1996, republicans have actually gotten about a five-point bounce after they've announced their pick. why are they not seeing that with paul ryan? >> you're right and the other thing is usually right after their pick, the vice presidential candidate is pretty popular and paul ryan's not. i think because right out of the box, democrats did a great job of raising questions about medicare and this is a major,
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major vulnerability of his team and then they started to look at the tax consequences of the ryan budget and this is a great gift to democrats because we keep saying the ryan budget. everybody said, who's ryan? well, now they know. the ryan budget would actually give romney a tax break, which we're pretty sure he doesn't need even though we can't see his taxes. this guy's getting defined negatively. hurting the ticket in places like florida and iowa and this is a great boost to the democrats, who are even more enthusiastic than the republicans about this nominee. >> talking about medicare, it was reported today that romney and ryan are going to team up next week and put some of this medicare talk to rest, but remember when they made the announcement similar to when sarah palin was announced, we're going to split up, double the amount of ground. just one week into it, they've got to bring them back together
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and it just felt they were not prepared for the observe questions, the comparisons between romney and ryan's plans. >> day one was fantastic. it was a secret. they did a good job. everyone was surprised what happened. they should have been more. but just to go back to that question about why didn't they get a bump, we've never had an electorate with 3 to a 5%, so there's not a lot of room for anyone to get much of a bump. whether it's an ad for vp or conventions. i don't expect the number ts to change that much, but when you talk about bringing them together as far as campaigning, it's a smart choice. if mitt romney looks more comfortable and he's doing better with that energy, then let them go together. >> i think that goes to this issue of actually enthusiasm. enthusiasm with the base. if he needs paul ryan to be with him to keep the enthusiasm, are we going to see that in the polls? has the enthusiasm changed,
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that's a real test for this ticket. >> that's why they chose paul ryan. you're going to each side is probably looking at this, we need to get the most base that we can. that's how we're going to win it. but independents are too small that we have to rely on our base. a lot of people are saying that obama doesn't have the enthusiasm. especially when you look at the youth vote, which is an important number to look at when it comes to turnout. so, if the republicans can get their base out, that independent vote of 3 to 5% won't matter as such. i think they're betten that today. >> i want to switch to talking about florida because we know medicare is one of the big issues we've talked about in the context of florida, but you made a great point this week about the impact of some of the voter i.d. laws may be having on the latino population, which is the other factor in florida and those have sort of disproportionately and the
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purging of those lists, gone after people with al latino sounding last name. >> florida has had voter i.d. a little longer, so it's been in place. i don't think that's going to be a factor in this state. the things that were going to matter, shorting the early vote period. but the purge list really was targeted at the latino population. what the florida governor and republican base ledge islator wanted to do was use this immigration list to compare last names. if they matched at all. to be able to challenge those voters. this is about the declining share of the hispanic population. cuban americans are the one group that is majority republican. but florida is becoming a less and less cuban american state. you're seeing a lot of puerto
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ricans. it's becoming harder and harder for republicans to win the hispanic vote. marco rubio got half of it. that's the reason they're going so strongly to delete voters from the rolls. it's all over the country. even by picking paul ryan, it's clear republicans don't think they can add to their con stich wtch wen sy, so they're tried to subtract from the other side. >> rubio only got about half of the population. he's not the guy who's going to help deliver that vote. i want to pick up on this because nationally, the changing demographics are a big factor in this election and it was a big week in immigration. you had the dreamers were first able to essentially apply for citizenship, but one of the things in polling we're seeing, the latino vote could really make the difference in a lot of those states and even in places like virginia and north carolina. ways people don't expect, but the polls i've seen suggest that ryan is not necessarily going to
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help with those populations either because of medicare. >> yes, because of medicare. because of his cuts in children's programs, which is a top priority with the latino population and because of his opposition to the dream act, so ryan is a big debtriment and putting him on the ticket instead of a rubio is basically saying you don't care about the latino vote and that is a big mistake for the republicans and george bush and karl rove identified that years ago. >> you know i can't let you go without talking about some of the fun crazies in your party. we do, but we had some interesting comments this week. we had joe the plumber talking about standing essentially on the border and start shooting would be his way to -- is that really going to welcome latinos to the party? >> you crazy, yes, that puts him in the crazy column. probably not the way to go.
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and that's what grabs headlines, but that's obviously not the policy for the republican party. that's his point of view that happens to get a lot of attention, especially in arizona. >> all right, guys. thanks for joining me. stay with us. much more ahead. we have been very trans parent to what's legally required of us, but the more we release, the more we get attacked. the more we get question, the more we get pushed. so we ha done what's legally required. there's going to be no more tax releases given. [ male announcer ] when this hotel added aflac
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het d sahoa ofqu yode throughout our lives. one a day women's 50+ is a complete multivitamin designed for women's health concerns as we age. it has more of 7 antioxidants to support cell health. one a day 50+. paul ryan is learning just how difficult it is to run for higher office when you have a paper trail. take the 2009 instance.
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as recently as thursday, ryan was telling reporters never, not once, advocated for stimulus money for his district. >> a report came out again today, a repeat of the "wall street journal" article where you had asked for stimulus money for your district. >> i don't recall that. i haven't seen this report, so i can't comment on it. i opposed the the stimulus because it doesn't work. it didn't work. >> a hh, the paper trails are pesky things, mr. ryan. at least five letters have surfaced. they show ryan not only advocating on behalf of wisconsin, but touting the jobs that can be created with the the sort of stimulus money ryan has opposed. so now in a statement released later thursday, ryan says quote, i didn't recall the letters earlier, but thery should have
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been handled differently. joining us now, peter welch of vermont. congressman, welcome. >> hi. >> how embarrassed should congressman ryan be that these letters, on the one hand, he was so adamant there's no way, then the letters surface almost immediately. >> well, you know, politicians have principles and sometimes in practice, they deviate the elastic standards and then am knee sha is the refuge. in all fairness to paul ryan, a lot of us have had situations where i think ryan has got explain things much better is why he supports the budget and why he thinks that the ryan budget is good for america. and let me tell you, there's two reasons. number one, his goal is to bring down debt. his budget increases the debt by $5 trillion in the next ten years. that's really an astonishing explosion in the debt. second, what he wants to do he claims is cut spending in the
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major -- but doesn't reform medicare, so there's no spending decrease in the health care system because we need reform in order to accomplish that. he simply takes the burden off the taxpayer sheet and put it on individual balance sheets. so he increases the e debt, tha a problem, and fails to reform the pentagon or reform. >> he also says in his budget that he and governor romney actually, that this is all about the money trickling down and making sure we take care of those pesky job creators and yet, he wrote that the stimulus money would be used to quote place 1,000 workers in green jobs and in another letter, he says stimulus money will be used to create quote or retain approximately 7,000 to 600 new jobs. again, he's talking about this budget as you point out, has a number of cuts, but he says that's the way to stimulate job
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growth. >> in fact, that's right. and president obama pusheded tha that. in addition to having your cake and wanting to eat it too, he's wanting it both ways. the bottom line, the stimulus did work. could things have been better? yes. but would things have been much worse without a stimulus? they would have been. the so-called trickle down, he says he can give tax cuts to the so-called job creators, mitt romney would have a 1% effective tax break. that will trickle down to benefit the rest of america. in fact, there is some trickle down benefit. public dollars to repair bridges, extend broad band. those are called investments, where there's broad-based capacity to put people to work in an effort to build those roads and bridges and it is going to be used by generations of people. so the stimulus, he got it right when he was advocating that some of those --
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>> he just didn't know that he was getting it right is what it sounds like. >> there's another real problem here that you're seeing. the republican agenda with president obama from the moment he took to oath of office, they want to derail, dismantle, disrupt. in fact, mr. ryan did play a part in that. mitch mcconnell has been the most explicit about it when he said his job was to make mr. obama a one-term president. that language was one thing, but then the benefits for folks in wisconsin who did that, so there is some political double speak. >> there is. always in politics. congressman, thank you very much. and coming up, the women in the front lines in the battle for the senate. ♪ [music plays] ♪ [music plays]
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senate may rest in the hands of whomever wins the open seat in wisconsin. it's a seat democrats have controlled more more than 50 years. the year, tommy thompson hopes to be the man who swings the senate back to the republicans. joining us is the democrat candidate for senate in wisconsin, tammy baldwin. thanks for joining me. >> i'm delighted to be here. >> i want to get to this issue of tax fairness. i know you introduced buffett rule in the house. how is that playing in your state and with former governor thompson? >> right. well, first of all, i have to say that the republican primary voters gave wisconsin voters a clear choice for november 6th and tax fairness is one of the key issues. i introduced the buffett rule and what this is about is saying that anybody who makes over a
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million dollars a year should have to pay at least the same rate as hard working middle class wisconsin families. it is unfair that millionaires are paying at much lower rates. so tommy thompson on the other hand has closely associated himself with the romney ryan plan. you could even call it the romney ryan thompson plan. that would extend the bush tax cuts to the wealthiest 2%, incredibly large, new tax breaks. this is at a time when we're supposed to be tackling the deficit. that's absurd and how will they pay for those new tax cuts? well, they'd raise middle class tax cuts and those on struggling peop people and cut at the very investments we need. >> speaking of taxes and individual taxes, you know, governor romney obviously has not wanted to talk much about his own taxes and in your race,
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tommy thompson hasn't wanted to talk about his. >> when i was governor and i was employed, i released my tax returns. in the business world, the question is i'm going to release my tax return, the answer is no. no. the answer is n-o. what part don't you understand? >> tommy thompson not going to release his taxes. i can't imagine that's playing well with voters. >> it isn't. i released my taxes for ten years. several months ago and i issued a challenge to all the republican candidates in the primary field do the same. i'm very disappointed and the reason i think it's relevant is this tax rate issue. this fundamental fairness issue. we know from tommy thompson's financial disclosures that he's
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a millionaire after working for the past dozen years representing folks in washington, d.c., big pharma, health insurance industry et cetera. but he's proposing massive tax cuts for the very wealthiest 2%. i want him to answer the question what rate is he paying? i want him to disclose either he's talking about new tax -- we want to know how it's going to impact him just as much as american citizens want to know how it's going to impact them, too. >> right. we're seeing that also play out when it comes to governor romney's taxes. i want to switch gears a little bit. you've been targeted by carl rove's cross roads group. talk to me about the outside money that's being spent against you and affecting your race. >> well, first of all, i hope that wisconsinites are now asking themselves what is it that the koch brothers, karl rove are trying to do in
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wisconsin. it comes down to what are you fighting for? voters in wisconsin are going to go to the polls november 6th and they're going to be saying who's fighting for jobs, growing our economy, our middle class? that's what i've been fighting for. but i apparently, we find this this is threatening to some big, powerful moneyed interests in washington, d.c. so they're coming in. they're coming to thompson's side. question is who are you for? >> it's a question i think we're going to be talking about all the way to november and certainly some of the tax policies, not necessarily going to benefit the middle class. thanks for joining me. we'll be right back. [ female announcer ] did you know the average person smiles
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anyone have occasional constipation, diarrhea, gas, bloating? yeah. one phillips' colon health probiotic cap each day helps defend against these digestive issues with three strains of good bacteria. approved! [ phillips' lady ] live the regular life. phillips'. it's time now to clear the air. you know, over and over and over again, governor romney has asked
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the american people to trust him. trust me. the numbers in my budget will work. trust me. i'll lower taxes on the middle class. just trust me. your kids will be able to go to any school you like and trust me, i paid what i say i paid in taxes. trust me. but i was always taught that trust is something that has to be earned and i don't think mr. romney has earned our trust just yet. on the tax front, romneys complain each time they put out information, they get attacked. but in the real world like when a math teacher expects the student to show the work -- aren't seen as a tax. as reagan said, trust but verify, but you can't verify if there are no facts. we know that during the bain years, part of his business strategy utilized leverage buyouts, which shielded investors from the normal free market risk, which ensured investors had millions in
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profits and workers lost their jobs and pensions. we know the romney ryan plan for medicare would turn it into a voucher system that could cost seniors more. cuts to insurance companies could be put off for ten year, rather than being used immediately to improve the program and lower costs today and when it comes to tacks, governor romney and ryan talk about closing loopholes. maybe some of the ones they've used in their own wealth creation, but as romney told the tax partisan center, those loopholes wouldn't necessarily be cut in their initial plan as they lower taxes to 25%. that resulted in an increase in taxes for the middle income and low income and decrease in taxes for people making over $1 million a year. that's a bold redistribution of wealth all right. romney is asking people to trust their futures to him, but i
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