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Detailed text transcripts for TV channel - FOXNEWS - 20121201:16:16:00

of revenue would go to rebuilding roads. that s not the case. rick, you don t like regressive tax and hit the poor and middle class. you couldn t be for this. i can be for it and shockingly i think john is wrong. i think we have a revenue problem. i am for it friends on the panel tell me if we can get more oil out of the ground here in the united states, gas prices will go down. guess what, here we are told that we are on the verge of becoming the oil super power in the world. what better time to raise the revenue by apportions taxes on people who use the gasoline. you have told me prices are coming down. now we will have all of the additional oil what a great way to raise money. emac, now we have potential of getting prices under control it is not the time to boost them up again. gas tax going up higher if we move to fuel efficient cars

Middle classYou couldn tRebuilding roadsJohn standyRevenue problemGas pricesHit friendsGuess whatSuper powerGas tax

Detailed text transcripts for TV channel - FOXNEWS - 20121201:16:15:00

i think our government should do the refining prices better to tamp down the price of gas. it hasn t been hiked since 1993. it is not adjusted for inflation . the truth of the matter it funds the highway trust fund and we are seeing a major budgetary short fall. actually mike, it is not a bad point. if the federal government has been coming in to fill that gap without this gas tax going up, is this one tax that maybe should go up. no, john is right. at a time when personal income is falling, we don t want to raise the cost of the living for people. that would be terrible. moms drives kids around and people driving to work. the federal government raids the trust fund. like social security, right. it is not like the increase

Refining pricesIt hasn tHighway trust fundGas taxJohn standySocial securityTrust fund

Detailed text transcripts for TV channel - FOXNEWS - 20121201:16:18:00

it is it a broad tax and certainly hits people with lower incomes harder because they re spending more of their income on gas. if you asked the question in 2004, you could make a case for gas tax. but our economy is teetering on economy. it is a stealth tax and never goes away and the funds don t go to highways and nothing down to encourage driving . the tax revenue will go somewhere else. john, i mentioned in the top of the segment that republicans are apparently okay or considering it. the new republican head of the committee in the house of representatives said he will not put it off of the table. if they do this, this is the quick path to being the minority party. hopefully they will wake up to that. at some point washington works for us and not them. why can t they sacrifice and spend less of wour money so we

Gas taxStealth taxFunds dont go to highwaysJohn standyHouse of representativesTax revenueMinority partyPoint washington works for us

Detailed text transcripts for TV channel - FOXNEWS - 20121201:16:06:00

but when you look at enment spending it goes up under a republican president. he can go in this and blame the republicans. i didn t know there was a entitlement creep. maybe i got you wrong. it is it an itch. and john, what about this. we have a budget if you can call it a budget that includes tax increases and no cuts at all from our treasury security. the tax increase aspect is ridickulous. we have a spending problem . you look at entitlements. i think it is i i don t they should exist. we did make promises and so the idea should not be cutting entitlements and those nearing retirement you will be made but those of you who are not congentitally socialist you can opt out and don t have to

Entitlement creepLas budgetTax increasesJohn standyTreasury securityTax increase aspectOn the tableSpending problemDon tDont have

Detailed text transcripts for TV channel - FOXNEWS - 20121201:16:14:00

Detailed text transcripts for TV channel - FOXNEWS - 20121201:16:14:00
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John standyHouse of representativesMiddle classRevenue problemNose bleed levelsGas taxTdoesnt hitIt hitsThe streetGas tax hikes