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Detailed text transcripts for TV channel - FOXNEWS - 20120629:10:25:00

community standards. there s an how long is this list? there s an innovative drug company, that s biotech companies, they ll pay $2.4 billion collectively every year and that goes up. the innovateors. all health insurance companies will pay a tax and there s a black liquor tax that is an offshoot of the paper making process. it s wood pulp and used for biofuel. there s a tax on it. that s fantastic. that s a partial list. some of them impact people who are at the higher end of the economic strata but there are 12 taxes who are going to impact people who make less than $250,000 and a lot of these taxes will hit people in the middle class and a lot of these taxes will kick in at about the time that the bush tax cuts expire. tax armageddon is what s coming down at the pike for you. just as the economy slows, we ll be hit with a whole slew of new taxes. obamacare is wealth

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