Detailed text transcripts for TV channel - FOXNEWS - 20120714:18:02:00

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it is actually $200,000 for individuals. there are a number of democrats who say that is way too low. if you are going to raise taxes on people which this is baskly a tax increase -- this is basically a tax increase. the other problem is that people look at the lack of a permanency. he says i am going to extend this for one year. >> of course those under $250,000 for one year. >> and that leaves you wondering how is he going to pay for this huge deficit? one year is not going to -- it is not over after a year. if he is re-elected i am pretty sure my taxes are going up, the taxes on my small business are going up, the cost to pay for obama care will put a bigger burden on it. it is making investors hold back. >> this is the paradox, dan, why do this if you are the president if as mary suggest had, and i agree with mary, but it is affecting the economy negatively, why do this if it is going to hurt the economy between now and

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