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Detailed text transcripts for TV channel - FOXNEWS - 20110724:17:14:00

thanks, peter. yeah. shannon: new york is the sixth and largest state to allow same sex marriage. some couples couldn t wait to say their vows. couples across the state opted for midnight weddings. mayor jennings performed weddings 12:o1 in the common counsel s chambers. same sex marriage was legalized in new york last month. it was supposed to be a bipartisan solution to our debt mess but the gang of six s debt solution it s not even been formalized into any kind of vote just yet. we will talk to senator mike crap it s crepe governor rick perry is moving in some key states. take a look how close is he to running and the latest polling coming up.

Detailed text transcripts for TV channel - FOXNEWS - 20110724:17:14:00

for midnight weddings. mayor jennings performed weddings 12:o1 in the common counsel s chambers. same sex marriage was legalized in new york last month. it was supposed to be a bipartisan solution to our debt mess but the gang of six s debt solution it s not even been formalized into any kind of vote just yet. we will talk to senator mike crap it s crepe governor rick perry is moving in some key states. take a look how close is he to running and the latest polling coming up.

Detailed text transcripts for TV channel - FOXNEWS - 20110721:16:35:00

well not a whole great amount of detail by the gang of six but it seems like so far there has been some positive reception and i have read that you re positive on it until this point. again we re still looking for details. one of the parts of this plan talks about reducing tax breaks for certain segment of the population. specifically the middle class, when it comes to mortgage interest, health insurance, charitable giving, reducing the tax breaks but not necessarily eliminating them. democrats says they don t want to raise taxes on the middle class and republicans don t want to raise taxes on anybody? does this have a chance of passing? are you shined reducing some of the tax breaks so we have compromise here on a long-term debt solution? well we still have to work out some of the details and certainly i don t like everything that i ve heard about this package. i think it is a bipartisan, balanced approach. it puts everything on the table.

Detailed text transcripts for TV channel - FOXNEWS - 20110721:16:33:00

but the debt ceiling and this long-term debt solution are two separate things but related because we re trying to negotiate on both of them. so i want that to be clear for our viewers. right. jenna: let s start with the debt ceiling first of all. we re hearing more talk about a temporary extension for the debt ceiling. would you vote for that? would you be for that? well i think it depends on what it looks like. it s clear we have two-part problem. the first part is we have to raise the debt ceiling. i think there is a lot of misunderstanding why we have to do that. we have to do that to insure that we pay for all the expenses that we ve incurred. not to increase spending. it is to basically pay the debt of the united states of america. and we can not allow a default on our debt ceiling because that would have huge ramifications for business, for average families out there, who have to pay their mortgage payment, their credit card. it would have crescendo effect that could put us b

Detailed text transcripts for TV channel - FOXNEWS - 20110721:16:35:00

segment of the population. specifically the middle class, when it comes to mortgage interest, health insurance, charitable giving, reducing the tax breaks but not necessarily eliminating them. democrats says they don t want to raise taxes on the middle class and republicans don t want to raise taxes on anybody? does this have a chance of passing? are you shined reducing some of the tax breaks so we have compromise here on a long-term debt solution? well we still have to work out some of the details and certainly i don t like everything that i ve heard about this package. i think it is a bipartisan, balanced approach. it puts everything on the table. discretionary spending, mandatory programs, defense spending and revenues. and i think that s very important. and one of the approaches that it takes is try to simplify our tax code and make it fairer both for individuals and for business. and so it takes a look at those tax expenditures, what are called tax expenditures,

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