Detailed text transcripts for TV channel - FOXNEWS - 20110724:22:30:00

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we said no.rida friday afternoon when the president called me and demanded $400 billion in more rn revenue, there is no way youay u can get that out of tax reformer other than raising taxes on the american people.ime for me it was time for me t to step bac back and to begin to figuree out out what is the path forward. it wasn't just the additional revenues the president wanted. o their willingness to makent fundamental retirement reform,y real cuts in spending. rt they continue to resist at every turn.athen and that's when i finally decided it was time to say no.ae it was time to reach out to my fellow congressional leaders and my house republican colleagues and to develop a congressional plan to dealiona with this problem.ls >> i want to pick up on one: wan part of this because it isonar causing heartburn for frankly house republicans. y what you are just saying is prot despite your promise not toou raise tax revenue is you agree to $800 billion more as part of the debt deal through taxg al

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