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Interview with DNC Chair Debbie Wasserman Schultz

By The Last Word, The Last Word - July 9, 2012

Guests: Nick Hanauer, Rep. Debbie Wasserman Schultz, Jonathan Turley

LAWRENCE O`DONNELL, HOST: When is it good for a Democratic presidential candidate to talk about income taxes? Never. Except when the Republican candidate has Swiss bank accounts, parks hundreds of millions of dollars offshore and pays less than the lowest income tax bracket.

(BEGIN VIDEOTAPE)

BARACK OBAMA, PRESIDENT OF THE UNITED STATES: It`s time to let the tax cuts for the wealthiest Americans to expire.

CHUCK TODD, NBC NEWS: Ready for another bruising showdown about tax fairness?

MICHAEL SMERCONISH: Tax bracketology.

OBAMA: We don`t need more top-down economics.

UNIDENTIFIED MALE: The battle over the Bush tax cuts is back.

CHRIS JANSING, NBC NEWS: Tax cuts.

ALEX WAGNER, MSNBC HOST: Tax cuts.

TODD: Tax cuts for the wealthy.

OBAMA: I`m not proposing anything radical here.

SMERCONISH: Mr. Obama called for extending the Bush tax cuts.

UNIDENTIFIED MALE: Calling for a one-year extension.

SMERCONISH: For people making less than $250,000.

UNIDENTIFIED MALE: Less than $250,000 a year.

MITT ROMNEY (R), PRESIDENTIAL CANDIDATE: That would be another kick in the gut to the middle class in America.

MARTIN BASHIR, MSNBC HOST: If you say so, Mr. Romney.

OBAMA: We`ve tried it their way. It didn`t work.

ROMNEY: I think it`s about envy. I think it`s class warfare.

UNIDENTIFIED MALE: It`s not class warfare. It`s math.

UNIDENTIFIED MALE: This is gearing up to be an election year battle.

SMERCONISH: The fight for the middle class is on.

TODD: Democrats launched a coordinated assault.

TAMRON HALL, MSNBC ANCHOR: All-out assault on Mitt Romney`s refusal to release more tax returns.

UNIDENTIFIED MALE: Everybody is going to be talking about Switzerland and the Cayman Islands and Bermuda.

ROBERT GIBBS, OBAMA CAMPAIGN: He has a shell corporation in Bermuda.

REP. DEBBIE WASSERMAN SCHULTZ (D), FLORIDA: Secretive Bermuda corporation.

GIBBS: Investments in the Caymans.

SCHULTZ: Investments in the Caymans.

GIBBS: He`s had a bank account in Switzerland.

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