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Detailed text transcripts for TV channel - FOXNEWS - 20121007:17:23:45
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Detailed text transcripts for TV channel - FOXNEWS - 20121007:17:57:15
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Detailed text transcripts for TV channel - FOXNEWS - 20121007:16:00:15
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how do you respond? well, we have no idea. look, shannon, i said as a member of the budget commit. i am a former member of the appropriations committee. chairman priebeus, i am until congress every day. i certainly do know how budgets are put together. i know that the president proposed a budget that is completely transparent and shows us how you would get to a balanced approach to deficit reduction and making sure we can continue to move our economy forward, as he has for 31 straight months. and 44-month low in the unemployment rate. you know what is really shocking is that you have republicans, colleagues of mine, mitt romney, reince priebus, disappointed to continue the football analogy. they were rooting for a fumble and it s unbelievable that they are disappointed that we have a 44-month low in the unemployment rate. the american enterprise institute said that anyone talks about cooking the books is
wednesday night, that he has a $5 trillion tax cut plan, skewed toward the wealthy and he has no details in terms of deductions or anything like that. and the independent experts that have lookad it say you have to increase taxes on the middle class to get to that 20% rate cut and $5 trillion that are skewed toward the wealthy. an average middle class family would see an average of $2,000 increase. there is no running away from that. a different mitt romney was breathtakingly dishonest on that stage. shannon: congresswoman, is it fair to say that there are going to be $5 trillion in cuts, even if you want to concede the point, even though sevny cutter stipulates that that is not true that, it would be a $5 trillion cut. it s only part of the story because, of course, there will be other revenue suggestions and way to make up the revenue.