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Detailed text transcripts for TV channel - FOXNEWS - 20101214:17:03:00

the likelihood of that remains to be seen. earlier today the majority leader, harry reid, said he would be discussing it with his counterpart, mitch mcconnell, he has not heard back. at least one democrat in bernie sanders, the vermont independent, spent eight hours on the floor railing against in this. it should be done and passed by tomorrow morning either way. overwhelming support in the senate, what about the house? reporter: the house remains a bit of a problem. house democrats have said they really want to see some changes to the bill, specifically on the estate tax front. the bill that the senate is going to vote on is for a 35% estate tax on inheritances over $5 million. now, if tax cut package doesn t pass, there would be under the current law a 55% tax on estates over a million dollars. that s a significantly larger tax increase than what s being contemplated in the package, and yet house democrats say it should be somewhere higher than what s going to likely pass the sen

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