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Detailed text transcripts for TV channel - FOXNEWS - 20101207:18:49:00

Really it s a cost out of the american people s pockets, so that is a definition of terms. the real cost will be in the outlay of the unemployment benefits and in the reduction to the treasury of the social security. megyn: i hear you outlining the problems that you have with it, and obviously you feel committed to those. what are you going to do about it? as a practical matter do you, as a conservative, as a tea party-backed person, do you in there and say, i m not going to vote for this, i m going to wait until this lame-duck congress expires, the republicans come into power in january and i m going to vote for something that doesn t include the things that president obama has put into this deal. i think that might be impractical to do that. i m also a business owner. my husband and i have a small business, health clinics, we employ about 50 people, and we are representative of all of the small businessmen and women out there who right now don t even have a tax table for the next y ....

Megyn Kelly , Roll It , Unemployment Benefits , Social Security , Tea Party , Its Deal , President Obama Doesn T , It Doesn T , Small Business , Health Clinics , Business Owner , Tax Tables , Tax Table ,

Detailed text transcripts for TV channel - FOXNEWS - 20101207:18:50:00

Leave before christmas and go home and tell the american people, sorry, you have no idea what the tax tables will be next year. we have to have an answer. and so there will have to be a give-and-take. this may be the best we can do, but i think it s important for the american people to know that this also likely will mean adding to the deficit something that we really shouldn t be doing right now. megyn: i have to ask you, you re a tax lawyer, you re a small business owner, you ve had up to ten children in foster care that you looked after. is there anything that you don t do? 23 children in foster care, five biological kids. i m the old woman in the shoe, and i m not expecting a baby right now unlike you, but we are looking forward to having a great christmas with a lot of little mouths around the table this year. megyn: good for you. thank you so much for being our guest, we appreciate it. thanks, megyn. megyn: right now in cold, snowy rural illinois authorities are ....

Tax Tables , Megyn Kelly , Tax Lawyer , Small Business Owner , Shouldnt Be Doing , Foster Care , Snowy Rural Illinois ,

Detailed text transcripts for TV channel - FOXNEWS - 20101206:04:08:00

Obama s plan. what happens now. we have until the end of the year, don t we? we need to get it done quickly. because the tax tables are published. the longer they stay like this. family immediately, family of four with $40,000 annual income will pay $271 new dollars in taxes starting january. one thing that could happen and the democrats know it will eventually happen, two-year extension on all tax cut and permanent extension, forever ending of tax increase for the middle class. but if the bush cuts stay in place, if they re made permanent, we are talking about $680 billion price tag over ten years. now how does whoever the president is, it could be you, how does that person explain that price tag to the american people? mike: much easier than explains the $800 billion in stimulus money that was not supposed to let unemployment go above 8 and is now 9.8 and continues to climb. that is where the money was ....

Tax Tables , Dont We , Tax Cut , Tax Increase , President Obama Doesn T , Price Tag , 680 Billion , 80 Billion , Mikehuckabee Com , 00 Billion , 800 Billion , 9 8 ,

Detailed text transcripts for TV channel - FOXNEWS - 20101205:01:08:00

Obama s plan. what happens now. we have until the end of the year, don t we? we need to get it done quickly. because the tax tables are published. the longer they stay like this. family immediately, family of four with $40,000 annual income will pay $271 new dollars in taxes starting january. one thing that could happen and the democrats know it will eventually happen, two-year extension on all tax cut and permanent extension, forever ending of tax increase for the middle class. but if the bush cuts stay in place, if they re made permanent, we are talking about $680 billion price tag over ten years. now how does whoever the president is, it could be you, how does that person explain that price tag to the american people? mike: much easier than explains the $800 billion in stimulus money that was not supposed to let unemployment go above 8 and is now 9.8 and continues to climb. that is where the money was ....

Tax Tables , Dont We , Tax Cut , President Obama Doesn T , Tax Increase , Price Tag , 680 Billion , 80 Billion , Loaning Money , Mikehuckabee Com , 9 8 , 00 Billion , 800 Billion ,

Detailed text transcripts for TV channel - FOXNEWS - 20101202:18:04:00

Forward you have to refile, you have to go back to your accountant, subchapter s corporations, 3 million of them will have to go back and say you know what these were extended going forward. i have to pay you again. john boehner is right it s chicken crap, but on both sides. megyn: to clarify for people not immersed in the business world like you are. we have to file action returns by april 15th. businesses have different sales. are you saying that businesses may have to file twice now if they don t get a deal on the taxes in general? if nothing changes the tax tables will be printed, businesses will go, i made this much, this is my tax rate, i m going to have to pay this. they ll go ahead and pay it now. megyn: they ll pay it before december 31. exactly. if that small business tax hike doesn t get go into effect after january 1st, january 30th, february, whenever they decide to extend above $250,000 those businesses will have to go back and refile ....

Subchapters Corporations , 3 Million , Megyn Kelly , Chicken Crap , John Boehner , April 15th , Tax Rate , Tax Tables , Small Business Tax Hike Doesnt Get , January 30th , December 31 , January 1st ,