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Detailed text transcripts for TV channel - FOXNEWS - 20140304:21:04:00

let that be known. it s not happening. all right. so, cutting spending is not happening. watching where all this is going down, michael? the budget blueprint has taken a lot of heat because it s seen as not making the tough choices about the major drivers of our debt. it s a $3.9 trillion plan laying out the president s priorities. it includes spending $302 billion on highways and railroads and mass transit. it provides more money for job training and preschool and it expands tax credits for an estimated 13.5 million low-income workers and it increases taxes more than $650 billion on higher-income americans and it adds $56 billion in fees for big banks. there are also tax increases for tobacco products and airline passengers. the president s plan in print form arrived up on capitol hill this morning this morning. congress prefers to do the budgeting itself, so it s not like whatever the president sent would be accepted but it can be

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