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Stamp duty holiday drives bridging loans

Stamp duty holiday drives bridging loans
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Detailed text transcripts for TV channel - FOXNEWS - 20111223:16:39:00

Try to win it next year. jon: talking about fiscal sanity. the payroll tax funds social security. so we have continued lowering of the payroll tax. what happens to social security? where do we get the money? you get the money from general tax revenues and the, we re borrowing. jon: we re borrowing. that s what happens. jon: we re borrowing money to pay for this tax cut? part of it is raising so-called guarantee fees fannie and freddie charge mortgage borrowers f you get a new mortgage next year, you will pay higher fees for the mortgage. so you will finance the tax cut in part. much of it will be out of other tax revenues f we don t get enough of those. they say there will be some spending cuts. i believe that when i see it. it will probably come from borrowing. jon: all right, paul gigot, who played a big role, wall street journal did, getting this thing through or it seemed to us ....

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