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CNN "The Situation Room" - Transcript

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CNN "The Situation Room" - Transcript

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MALVEAUX: But he -- he made a -- a pledge about taxes and the middle class, and he was very adamant about it. Obviously, there's a lot of discussion about that now. I want you to -- to listen to what he said on the trail.

(BEGIN VIDEO CLIP)

OBAMA: Under my plan, tax rates will actually be less than they were under Ronald Reagan.

(CHEERING AND APPLAUSE)

OBAMA: If you make less than $250,000 a year, you will not see your taxes increase one single dime.

If you make less than $250,000 a year, you will not see one -- your taxes increase one single dime, not your payroll taxes, not your income taxes, not your capital gains taxes, nothing.

If you make under $250,000, you will not see your taxes increase by a single dime, not your income tax, not your payroll tax, not your capital gains tax, no tax.

(CHEERING AND APPLAUSE)

(END VIDEO CLIP)

BREAK IN TRANSCRIPT


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