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Detailed text transcripts for TV channel - FOXNEWS - 20130502:22:21:00

Taxpayer . we want to tank the tepid housing recovery. president obama proposed a way of making those decisions by capping deductions at 28 percent. it is mortgage interest and 28 cents back. at the moment it is based on a marginal tax rate and they would get 40 cents back. you get to decide where it goes. it violates the president s long standing pledge on families making less than $250,000 a year . families making more than $223,000 a year . republicans want tax reforms to reduce the deficit and lower tax rates. the administration is happy with broadening the base. we have seen them go in other direction. tax is hard dance for them. obviously the parties ....

President Obama , Mortgage Interest , Capping Deductions , Housing Recovery , Tax Rate , Standing Pledge , Tax Rates ,