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Detailed text transcripts for TV channel - FOXNEWS - 20121010:20:42:00

expires tax rates and budget cuts, hop on to it. and a republican senator agrees with that. what is the right deal for you? not the direction that senator schumer is talking about chuck schumer has carved out a place for himself well outside the main stream arguing that this is no scenario where we can lower the marginal rates which is inconsistent with what every bipartisan group has looked at to addressing our budget problem on the tax side. the rational thing to do is to have a more pro growth sensible tax policy with lower marginal rates and offset the lost revenue by squeezing the value of deductions and write offs and loopholes. that is the way to generate revenue. to keep marginal rates as he has advocated, even, to raise them above where they, that is counterproductive for economic growth. neil: he is talking about

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