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Detailed text transcripts for TV channel - FOXNEWS - 20121210:14:33:00

Republican senator lindsey graham, good to have you in studio. great to be here. martha: got out of the craziness of washington for couple days. my export expires. martha: you ll need one. talk negotiating tactics. does it make sense at this point in the game, what does it do to undercut john boehner s leverage when folks go out there and say we re willing to go book to 39.6%, as bob corker said over the weekend? is it helpful? i think it is hopeful for the republicans on the revenue side we re willing to move. i believe in capping deductions. bowles-simpson is bipartisan proposal. gang of six senators, three democrats, three republicans. they didn t raise rates. they capped deductions to. raising rates is partisan political trophy for obama. i don t want to go down that road only if they do entitlement reform. i don t hear any democrat of note hering what i would do on the entitlement side. ....

Lindsey Graham , Washington Dc , Negotiating Tactics , John Boehner , Bob Corker , 39 6 , Capping Deductions , Revenue Side , Bowles Simpson , Gang Of Six , President Obama , Entitlement Reform , Entitlement Side ,

Detailed text transcripts for TV channel - MSNBC - 20121206:11:09:00

The biggest challenge is how you strike a deal this year that has some things left undone for next year. and there s all sorts of people thinking about different kinds of triggers, different kind of things that say, well, if congress doesn t do x, then y kicks in, but there s no agreement on what those need to be. there s going to be more revenue, but things like entitlement reform, tax reform, those things are still very unsettled. so senator tom coburn yesterday on morning joe became the latest to break rank, saying he could support president obama s tax proposal. coburn joins a growing chorus of republicans from outside the house of representatives, urging house leadership to clear the way for a broad deal that would include tax increases on the wealthy. however, as we mentioned, according to the new york times, speaker boehner is enjoying broad support from within his own caucus. and yesterday boehner stuck to his guns, favoring closing tax loopholes and capping deductions. t ....

Theny Kicks In , Congress Doesnt Do X , Morning Joe , Entitlement Reform , Tom Coburn , Conservative Republicans , President Obama , Tax Increases , The New York Times , House Of Representatives , Tax Proposal , House Leadership , John Boehner , Raising Taxes , Tax Loopholes , Capping Deductions , Favoring Closing ,

Detailed text transcripts for TV channel - FOXNEWS - 20121205:20:40:00

Many. reporter: ending the mortgage deduction would hammer middle class and the charity deduction being ended would hamper universities and colleges. trace: when republicans say the higher tax rates will hurt small business? reporter: and that, cost jobs. the white house says only the top 2 percent or 3 percent of small businesses are affected republicans say those are the ones that create the vast majority of the jobs. speaker boehner suggests that capping deductions would actually protect the middle class. we have to cut spending and put revenues on the table. now, the revenues will come from, guess who? the rip. there are ways to limit deductions, close loopholes and have the same people pay more of their money to the federal government without raising tax rates which we believe will harm ....

Mortgage Deduction , Charity Deduction , Middle Class , Tax Rates , Small Business , Cost Jobs , White House , Speaker Boehner , Capping Deductions , Guess Who ,

Detailed text transcripts for TV channel - MSNBC - 20121204:14:22:00

It s time to sit down in a room, see if we can work this out. going off the cliff would be a stupid idea. i want you david brooks this morning writes this in the new york times. republicans have to realize that they are going to cave on tax rates. the only question is what they get in return. do you agree? not necessarily at all, because i believe if you raise the base upon which the tax rate is applied, you can raise revenue and keep the rates where they are. explain that. let me stop you there. when you raise the base of which the tax rate is applied, explain what you mean. capping deductions so you can t use deductions to offset tax obligations. that creates more revenue but the rates stay the same. as erskine bowles commission can go down as much as from 35% to 29% at the upper level. the same thing ronald reagan and tip o neill did in 1986. in 1986 the top marginal rate it was 70%. ....

House Republicans , The New York Times , David Brooks , Tax Rates , Tax Rate , Capping Deductions , Tax Obligations , Erskine Bowles , Tipo Neill , Ronald Reagan ,

Detailed text transcripts for TV channel - MSNBC - 20121204:14:25:00

The only way to avert things? i m not in favor of patchwork solutions to a macro problem. whether it s capping deductions or raising rates, entitlements are an issue and we got the deal with entitlements, two-thirds of all federal spending and discretionary spending is part of the problem. all three have to be addressed in a macro plan or you re not going to solve the problem. i want to ask you a quick question on susan rice. do you believe the benghazi incident disqualifies her to be secretary of state? it will prevent her being confirmed until the white house comes forward with the answerses to all the questions all of us have been asking. what happened on the 16th of september when she went on the talk shows and talked about blaming the attacks in benghazi on an anti-muslim trailer in the united states when, in fact, ....

Capping Deductions , Macro Problem , Patchwork Solutions , Macro Plan , Susan Rice , Benghazi Incident Disqualifies , White House , Secretary Of State , Talk Shows , 16th Of September ,