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Detailed text transcripts for TV channel - FOXNEWS - 20120621:16:42:00

comes to the economy? what should we be asking for as voters. i m not sure there are any new ideas, that is a good question, jenna. the president was right in saying that he thinks his views and mitt romney s views, the republicans views represent what he called two fundamentally different versions of how one should lead the economy forward. the president believes the government should do so through inch instruments traoel policy, infrastructure and energy and raising taxes on the wealthy where mitt romney is more rooted in the private sector. without the government leading. and i do think that the burden at this point is on mitt romney to explain in more detail than he has so far to the american people why the incumbent president is wrong to say that the government should be the primary protector of the economy. jenna: interesting. we heard the immigration speech today, at least one of them. we ll wait to see if we get one on the economy. that blizzard of news has snowed us out a li

Detailed text transcripts for TV channel - FOXNEWS - 20120621:15:41:00

i think he has done a great job. i don t think he will compromise. the republicans will run and keep tax rates low. it is what think should run on. jenna: should they on epto compromise to get tax policy more effective. that you should do. we want to raise taxes. we want to raise them a lot but not raise tax rates. something like simpson-bowles which was the president s policy of that commission, alan simpson and bowles would be great. lower rates. broaden the tax base and get prosperity back. but jenna, you can t balance the budget on the backs of the unemployed. to get taxes you can t, you have got to get the economy growing first and foremost. we all want tax revenues to rise a lot. it is just how do you get it? jenna: right. to me the way you get more revenues is growth. it really is growth. jenna: art, great to have you on the program. grover norquist, will be on with neil cavuto later. we ll send the interview to him and see what he has to say about it. thanks very much, je

Detailed text transcripts for TV channel - FOXNEWS - 20120621:15:56:00

have the skills and rockets needed to explore space. it is a matter how many resources we devote to it. there is hope we can use the skills on both the military and the nasa side of the house to reconstruct our space program, if we give it the proper priority. that is my argument. we should be boosting the nasa budget. rick: the book is called planetology. a former nasa astronaut. tom jones, thank you for your time. thanks, rick. jenna: road rage caught on tape by another driver. now there is a development in this case. we re bringing up to date on that. we re awaiting a daily briefing at the white house. you can be sure there will be plenty of questions on the president s assertion of executive privilege in the fast and furious case. we ll bring you that live. plus why one top democrat is now saying this is part of a nationwide scheme by republicans, this fast and furious investigation. we ll have all that for you at the top of the hour.

Detailed text transcripts for TV channel - FOXNEWS - 20120621:15:39:00

because it seems to partisan. everybody is fighting about it. so how do we fix it? jack kennedy in the 60s cut tax rates dramatically. republicans all opposed it. then ronald reagan and all democrats opposed it for a while there. then bill clinton, who was a great president, he cut tax rates dramatically. we had boom during that period. it is not republican, democrat, liberal or conservative. it is common sense economics. it should be bipartisan pro-growth like it was in 86. that unfortunately is not the way it is. today it is a problem primarily with the democrats. but it has not always been. jerry brown, governor of california, ran for president of the united states on getting rid of the progressive income tax in america, with 13% as highest tax rate in america. can you imagine that. he came in number two, almost beating clinton in the primary. you look at this stuff. just straightforward common sense. jenna: what do you think about grow very norquist? he is on capitol hill right

Detailed text transcripts for TV channel - FOXNEWS - 20120621:16:31:00

of creating jobs or helping the middle class, congressional republicans are focused on this politically-motivated taxpayer-funded election year fishing expedition. the problem of gun walking was a field-driven tactic that dated back to the previous administration, and it was this administration s attorney general who ended it. in fact, the justice department has spent the past 14 months accommodating congressional investigators, including producing 7,600 pages of documents and testifying at 11 congressional hearings. yet republicans insist on moving forward with an effort that republicans and objective legal experts have noted is purely political. given the economic challenges facing the country, we believe house republicans should instead be engaged in efforts to create jobs and grow the economy rather than political theater. so you think it s political theater, um, but ray.

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