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Detailed text transcripts for TV channel - FOXNEWS - 20110719:18:32:00

interested in this. it takes 60 votes to get anything done. it looks like a panic situation where in case of emergency break glass. let s talk about taxes. this would collapse our six rates currently running from 10% to 35% to three rates. the exact rates aren t determined. 8-12, 14-22, 22-29. there will be lower rates for everyone there are that plan. it would get rid of the alternative minimum tax but it would impose higher costs on those who receive social the security benefits by rehe line can the consumer product index to change cpi. so a lot of changes in there. $500 billion in spending cuts in the next 5-10 years. and unspecified entitlement cuts later. no structural reforms on medicare and medicaid. and i there will be things on te

Detailed text transcripts for TV channel - FOXNEWS - 20110719:18:32:00

this would collapse our six rates currently running from 10% to 35% to three rates. the exact rates aren t determined. 8-12, 14-22, 22-29. there will be lower rates for everyone there are that plan. it would get rid of the alternative minimum tax but it would impose higher costs on those who receive social the security benefits by rehe line can the consumer product index to change cpi. so a lot of changes in there. $500 billion in spending cuts in the next 5-10 years. and unspecified entitlement cuts later. no structural reforms on medicare and medicaid. and i there will be things on te left they don t like and things on the right. it s a tax cut but there is also tax increases. so this might pass the senate

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