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Detailed text transcripts for TV channel - FOXNEWS - 20130205:21:38:00

i m glad you asked that. hold on. the other question is, what impact on the economy if we raise taxes again on the rich? let s deal with the fairness question. i bring you the case of phil mickelson. a california resident. on every dollar over a million does dollars that herpes he has to pay 63-cents to the state and feds in income taxes. now, is 63% is that tax rate fair? well, fair calls for the the question, compared to toe what? it s fair compared to allowing somebody who is surviving on minimal income like a senior citizen to cut home heating oil, which is what we have to do if the sequester goes into place you re talk doing. no. no. no it s fair compared to asking poor family on food stamps to get by with less. it s fair compared to say we re going to cut on the investment that we make into innovation, medical innovation for bran new

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