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Detailed text transcripts for TV channel - FOXNEWS - 20111120:17:05:00

consensus in order to move forward. there are a couple of sticking points. let s talk first about what senator kerry had to say there, one of your colleagues. he said basically it s all about republicans not being willing to give up tax cuts for the wealthiest top earners. fact or fiction? well, you know, i have to disagree with senator kerry on that one. republicans did put forward tax revenue increase proposals with regard to the super committee. and they did focus them on the highest income brackets. the battle that senator kerry seemed to be mentioning there is whether to keep the bush tax policies in place. but remember that the bowles-simpson commission, the gang of six and frankly every group that s analyzed this have said we need to reform our tax code and the kind of dynamic tax reform would basically eliminate the bush tax cuts and frankly, all sorts of other parts of the tax code in place and replace it with a very powerful, new dynamic code and that s the battle that

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