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Detailed text transcripts for TV channel - FOXNEWS - 20121207:15:17:00

to come in the form of changing deductions and loopholes. the president says exactly the opposite. so one side is going to have to give. any bet which side it is likely it be? on that issue i think the republicans are going to have to give. it was a key issue in the election. and remember, it s unsustainable i think politically for boehner, forget the economics of this. i know people say that should be the only issue here. let s talk about the politics of it. it is unsustainable for boehner and the republicans to be in a position where they are blocking a tax cut for 98% of the americans because they want it protect tax rates of the top 2%. that may be right or wrong on its merits but politically seems pretty clear. you see more and more conservatives and republican office holders who are caving on that. maybe it wouldn t go up whole 4 1/2% from to 39% from 35.6 but i think it goes up to 37%. here s the point. in return boehner will

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