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Detailed text transcripts for TV channel - MSNBC - 20130102:17:26:00

Republicans didn t like that either. that was a huge deal in this deal. these tax cuts, the earned income, it s an expanded earned income tax credit, expansion of the child tax credit, and expansion of a college tax credit. these single most progressive elements of the current tax code, they help the poor hugely. these are big increases in incomes for the actual working poor. obviously, the best argument you can make out of it is it is very large based, largely progressive. you don t pay payroll taxes over $110,000, but tax cuts for $80,000, $90,000. thank you very much, ezra klein. we really appreciate it. we will come back, and when we do, more about the blood clot that s causing secretary of state hillary clinton s hospitalization, also a live update on concerns and her condition next. ....

Tax Cuts , Republicans Didn T , College Tax Credit , Income Tax Credit , Child Tax Credit , Tax Code , Working Poor , Blood Clot , Ezra Klein , Don T , Secretary Of State , Payroll Taxes , Hillary Clinton ,

Detailed text transcripts for TV channel - FOXNEWS - 20121231:18:05:00

Were downgraded, we couldn t agree on debt and deficits. we kept on pushing it off, pushing it off into the future. now we are right at the point where we have to make a decision on debt, dficits and spending and all we re talking about is a deal on taxes. it seems very likely that tax rates on higher income people will go up. we know for a fact that social security taxes will go up tomorrow, and some obamacare taxes they kick in as well tomorrow morning. so all we re talking about at the moment is raising taxes, we are doing nothing on deficit, debt and spending, that means this wrangling, this mess will continue. rick: child tax credits get extended according to some reports now. the earned income tax credit gets he can tended. the college tax credit gets extended for another five years, these are all things that cost u.s. taxpayers a lot of money, and it s probably just the beginning. it sounds like they are throwing a lot of items into the tax basket. ....

Big Deal , Tax Rates , Social Security Taxes , Rick Folbaum , Child Tax Credits , College Tax Credit , Tax Basket , Income Tax Credit ,