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Detailed text transcripts for TV channel - FOXNEWS - 20121112:14:20:00

it let s go to where the action is. gregg: there is roughly 20-point differential between what some people pay on capital gains and others on ordinary income which allows private equity and hedge fund operators to pay a whole lot less than a great many other americans. and those guys are making a lot of money. how can that be justified, congressman? look, this whole notion of capital gains and dividend taxes is really inextricably linked to pension funds and the ability of just moms and pops that are out there to have income-producing, small capital investments. gregg: right. so this whole notion, this is just for the big guys, forget the big guys. this is about little folks and seniors that . gregg: see that is what rankles a great many americans. you know, guys who are making millions in private equity and hedge funds, they re paying lower rate. well, look, when it comes down to it, this whole

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