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Detailed text transcripts for TV channel - FOXNEWS - 20101215:04:05:00

before the congress right now, $480 billion of the so-called cost is leaving in people s pockets the money that they already have under the current tax rates if we were to raise tax rates, it would take $408 billion out of the pockets of americans over the next 10 years that would be if we kept the current rates in hand. he doesn t like that. he wants that money. this has amt relief. keeping 27 million american households from paying higher taxes. that s $137 billion. he wants them to pay higher taxes. $68 billion is by having a compromise on the death tax. i think the death tax ought to be killed all together. this would keep $68 billion in the pockets of families who have lost a loved one. he wants that money. that s $614 billion in keeping taxes at their existing rates or lowering them. bill: tell the folks amt stands for? alternative minimum tax. this was a tax passed in 1969 to get people at that point it was

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