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Detailed text transcripts for TV channel - FOXNEWS - 20120129:23:20:00

chris: let me pursue this. the president is proposing the buffet rule, that if you make at least a million dollars a year, you should pay at least a 30%ro tax rate and he propose this is just as we find out that mitt romney was pay ago 15% tax rate. again, isn t that on just the simplest basis fair? if you oversimplify it, youou can probably make that case. let s look at the math. all these tax increases that the president isnd talking about, ty only a cover 8% of his proposed spending increases. the other 92% of the president s spending increases are borrowed money.es so even if it doesn t even add up. it doesn t even go to the deficit. more to the point, instead of raising taxes, which disproportionately hits small businesses. eight out of ten businesses in america file their taxes as individuals. so the president is saying, bring their top tax rate to 45% whicduh is the current schedules ....

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