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Interview with DNC Chair Wasserman Schultz

By The Ed Show, The Ed Show - November 12, 2012

THE ED SHOW with ED SCHULTZNovember 12, 2012

Guests: Debbie Wasserman Schultz, Leo Gerard, Ruy Teixeira, Sam Stein

ED SCHULTZ, HOST: Good evening, Americans. And welcome to THE ED SHOW from New York.

President Obama is winning a major class warfare battle with Republicans and they are on the road.

This is THE ED SHOW -- let`s get to work.

(BEGIN VIDEOTAPE)

GROVER NORQUIST, AMERICANS FOR TAX REFORM: The president was committed -- elected on the basis he was not Romney and that Romney was a poopy head and you should vote against Romney.

SCHULTZ (voice-over): Big money interests have their backs up against the wall in the White House knows it.

Tonight, Congresswoman Debbie Wasserman Schultz on the president`s mandate for a new nationalism and fairness.

The election may be over, but the conspiracy theories live on.

UNIDENTIFIED MALE: I suspect these tough Chicago guys knew about this affair for awhile, and held it in their back pocket until they needed to play their card.

SCHULTZ: We`ll take you inside the latest right wing freak-out over General Petraeus.

And if you have better ingredients and better pizza, why not better health care?

Tonight, Sam Stein on Papa John`s problem with Obamacare.

(END VIDEOTAPE)

SCHULTZ: Good to have you with us, folks. Thanks for watching.

More bad news for Republicans this week. Their history of obstruction is coming back to haunt them. President Obama made it clear Friday that he will insist on getting rid of the Bush tax cuts for the wealthy in a new economic plan. Congressional Republicans are playing tough in public. Instead of tax increases on the rich, they are pushing nonspecific tax reform.

(BEGIN VIDEO CLIP)

REP. JOHN BOEHNER (R-OH), SPEAKER OF THE HOUSE: It`s clear that there are a lot of special interest loopholes in the tax code, both corporate and personal.

UNIDENTIFIED MALE: We can increase revenue without increasing the tax rates on anybody in this country. We can lower the rates, broaden the base.

UNIDENTIFIED MALE: Eliminate all these tax credits and tax deductions. You can generate somewhere $1 trillion to $1.2 trillion in additional revenue. You can actually lower tax rates by doing that.

(END VIDEO CLIP)

SCHULTZ: House Majority Leader Eric Cantor put the talking points together in a letter to Republicans. "What would be best is a fundamental reform of the tax code that lowers rates, broadens the base, makes America`s businesses competitive again."

Let`s see here now. Lowering rates, broadening the base, ending loopholes and deductions. Where have we heard this before?

(BEGIN VIDEO CLIP)

MITT ROMNEY (R), FORMER PRESIDENTIAL CANDIDATE: If we limit or eliminate some of the loopholes and deductions at the high end.

Putting a limit on deductions and exemptions, particularly for people at the high end.

Bring down rates, broaden the base, simplify the code and create incentives for growth.

(END VIDEO CLIP)

SCHULTZ: I mean, they`ve got the same talking points. Nothing`s changed. This plan wasn`t good enough to get Mitt Romney elected president, but Republicans are still selling it hard, aren`t they?

At least this is what they have been selling in public. Now, behind closed doors is a little different story.

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