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Detailed text transcripts for TV channel - FOXNEWS - 20120721:15:04:00

Question, how would raising taxes help us create jobs? wouldn t they pull back a little? david, all we have to do is go to george bush s presidency, facing headwinds of the crash of the internet bubble and the 9/11 terrorist attacks, he implemented a series of tax cuts, the last of which was signed into law in may of 2003. from that point to the end of january, 2009, the end of his presidency, his administration created 3.7 million new jobs. seven times more than have been created under president obama s reign of tax terror. welcome, and victor yeah, the fact is that not only were more jobs created, but the rich actually paid more as a result of those tax decreases, from 2003 to 2006, it went from 136 billion that they paid in taxes to 274 billion dollars, so, more money came in than revenues than job were created. that s a key point. i think if we hike taxes on the so-called rich, you end up ....

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