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Detailed text transcripts for TV channel - FOXNEWS - 20110420:08:46:00

Deficit and debt commission list of recommendations and read them to the president, how many would he sign off on? on taxes? tax reform? sign on almost all of them. no, because. no. the thing is that what they, what the white house thinks is what is doable in the may through june negotiation on the debt creeling is getting some kind of a mechanism, target. with a trigger that would begin to bring deficit down. you think they should negotiate major tax reform in two especially months? it s huge. the speech was not about the debt ceiling. it was about the debt reduction. supposed to be a plan. he talked about broadening the rates. he talked about it. yes he did. he talked about the issue being the rates, the bush rate and clinton rates when he knows it s no longer the issue. that is the key question. how many would he embrace? very few. if you look at the whole ....

President Obama , Tax Reform , Debt Commission List , White House , Debt Creeling , Bush Rates , Debt Ceiling , Debt Reduction ,

Detailed text transcripts for TV channel - FOXNEWS - 20110420:08:03:00

Touts his reduction plan. good evening. the president found a group for q&a session that may offer glimpse for the 2012 campaign to generate more enthusiasm than democrats generated in 2010. in the first of a series of town hall appearances president obama began to sell the proposal to bring debt under control with sacrifice. nothing crazy. just go back to the rates that existed when bill clinton was president. that wasn t long ago. the idea went over well with the audience of the northern virginia community college students as did arguments against cutting education and research spending. appeal to the young people who helped lecht him in 2008 and sat on the saidlines in 2010. ly need your help. i can t afford to have you as ....

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Detailed text transcripts for TV channel - FOXNEWS - 20110420:08:43:00

Politically because he has the bully pulpit if he doesn t have much credibility. charles, you think the speech he delivered last week was a turning point. i think it s clear that obama made a decision. that the way to run in 2012 is not to be the transcender or the guy who makes the deal. he thinks he can t get it or doesn t want to get it between now and 2012. way to get it is demagogue what republicans proposed. he thinks it s trap. he will hit them on medicare and taxes. look how dishonest and political and cynical it was. what mara was talking about. everybody who seriously talked about the deficit reduction including the president s own commission talked about on the tax side, tax reform. as you said, the whole issue of the bush rates is irrelevant. it s obsolete. nobody is talking about it. obama knows this. what his own commission has ....

President Obama , Charles Krauthammer , Bully Pulpit , Turning Point , Bush Rates , Tax Reform , Bowles Simpson Commission , Deficit Reduction , Tax Side ,

Detailed text transcripts for TV channel - FOXNEWS - 20110420:08:44:00

Talked about is eliminating loopholes and lowering the rates for everybody, which means you start over with a whole new set of rates. obama s own commission has recommended a set of three rates, 8%, 14 of the highest, 23%. it s not between the clinton rates and the bush rates. obama knows it. he pretends that what ryan has advocating is a return to rates of the, and staying at the bush rates. when that is not the issue. he knows this. it s clear. this is only about appealing to class war and trying to run on a poll-tested item, raising taxes for the rich. the whole notion of tax reform, is the most important thing that the bowles-simpson commission did, more important than anything else they did, offer solution out of the gridlock. bret: get democrats to ....

President Obama , Bush Rates , He Demagogueed Ryan , Class War , Bret Baier , Tax Reform , Bowles Simpson Commission ,

Detailed text transcripts for TV channel - FOXNEWS - 20110420:08:41:00

the agenda is being talked about. you have a huge clash between the president who wants to raise the rates on the peltiest americans and the ryan budget which doesn t. now, obama s position does poll well. people think the rich should pay more. the interesting thing is that tax reform, idea of lowering ratings across the board, broadening the base, getting rid of the tax break and tax expenditures is a way to vault over this debate about raising taxes on the rich in other words, if you want to lower everybody s rate, that is something that republicans would like to do. the president said he supports that plank. bret: why is he not doing it now? that is a good question. bret: is this negotiating? the negotiations that are about to start in may that would attach some to the debt creeling are not, my understanding is they are not going to talk about the real big tax reform. ....

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