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Detailed text transcripts for TV channel - FOXNEWS - 20110704:10:16:00

the principle of not raising taxes is something we campaigned on last november and the results of the election was the american people didn t want their taxes raised and they wanted us to cut spending. here to debate this, radio talk show host and former general services administration director for president bush and democratic strategist robert weiner, good morning to both of you. good morning. happy fourth of july. loreta, let me start with you, is this class warfare? will it work? the president s comments have been dishonest and shameful and i ll give you two reasons why. president obama has been dishonest because he s talking about millionaires and billionaires but what he s really advocating is raising taxes on families that are earning about $250,000 a year. and it s also shameful because it s becoming more and more clear that the president doesn t really grasp the character of the american people. we re a nation of small business owners and entrepreneurs and dreamers a ....

Radio Talk Show , Fourth Of July , Class Warfare , Robert Weiner , President Obama , Prosecution Doesn T , Small Business ,

Detailed text transcripts for TV channel - FOXNEWS - 20110704:10:17:00

People that for some reason he s chosen to demonize so yes, class warfare. i hear your chuckle, robert. let me give you a little example of what the president is saying not on wednesday but his radio address on saturday reaffirming some of these same points. listen. now, it would be nice if we could keep every tax break but we can t afford them because if we choose to keep those tax breaks for millionaires and billionaires or for hedge fund managers or corporate jet owners or for oil and gas companies pulling in huge profits without our help, we ll have to make even deeper cuts somewhere else. couple of problems there, millionaires and billionaires. we re talking about families that make $250,000 a year, not millionaires by any stretch of the imagination and to this corporate jet thing we re talking about $3 billion over 10 years. nothing. how does the strategy work? well, republicans aren t even willing to compromise and democrats are to make it just for millionaires and up. w ....

President Obama , Class Warfare , Robert Weiner , Radio Address , Tax Breaks , Tax Break , Hedge Fund Managers , Republicans Aren T , Dave Briggs , 3 Billion ,

Detailed text transcripts for TV channel - FOXNEWS - 20110704:10:19:00

Savings from health care, from the military, from a freeze on federal spending. those are the plans that let me bring in loreta on the bush tax cuts. ama extended them. has it worked? the reason why things haven t worked yet is because at the very same time, the real problem here is spending. let s be clear on this. no president has ramped up spending like obama. when we talked about the debt ceiling that they re trying to raise and things of that nature, we have a president who in just a little less than three years in office has actually increased $3 trillion worth of debt for this country. this is an inordinate amount of spending. until you attack the spending and until you say we have spent enough, we have got to cut back, then there s no amount of taxing that will ever get this matter straight. well, it s interesting. this battle, they may end up with a short-term deal on this. thank you both. ....

Health Care , Bush Tax Cuts , President Obama , Things Haven T , Debt Ceiling , 3 Trillion ,