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Detailed text transcripts for TV channel - FOXNEWS - 20120709:22:53:00

Small businesses. there are democrats that think the threshold for raising taxes should be $1 million. definitely. schumer said he would agree with the white house on this and not going to quibble over the numbers. the numbers are significant. what they are trying to do here is put forward a democratic unifieded front. i m not sure how unified it will be going forward. the white house is trying to clang the subject. they did have probably a fairly decent job of it. politically today, because they were not talking about the economy once again. trying to keep this conversation away from the economy. this is an issue that sells pretty well in the polls out there. this will be interesting to see how the romney campaign responds as this becomes more of a dialogue back and forth. there are a lot of democrats on the hill who are not pleased with the white house right now because of this. ....

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Detailed text transcripts for TV channel - FOXNEWS - 20120709:22:03:00

Is growing slower than it was two years ago. they persuaded mr. obama that allowing even the upper income tax rate to rise and bring it to a halt. this president signed the same thing two years ago saying it would make the economy work. he got an extension of the payroll tax cut. neither is off the table now. the last thing you want to do is raise taxes in the middle of recession. that would suck up and take more demand out of the economy. put businesses in a further hole. biden says for millions of americans it feels like a depression. democrats are divided on where to draw the line on the tax rate. nancy pelosi thinks theshould b. chuck schumer agrees. a lot of people make 250 ....

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Detailed text transcripts for TV channel - FOXNEWS - 20120709:22:52:00

Astonishingly negative attacks on romney. you mentioned 50,000 of them in june. a surrender on economic issues as a whole, on the macro economic. bret: jeff, the white house saying this is necessary. but there is a split on this number. even within the democratic party. $250 ,000. today, the democratic senator chuck schumer says he stands with the president. previously, senator schumer said this about the threshold. there are a lot of people who make above $250,000 who aren t rich. property is more expensive, taxes high, et cetera, et cetera, et cetera. bret: 2011, he said this , in the eyes of mitt s hard to ask more of households making more than $250,000 or $300,000 a year. in large part of the country that income does not get you a big home or a lot of vacations or anything else that is associated with wealth. it also would effect too many ....

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Detailed text transcripts for TV channel - FOXNEWS - 20120709:22:04:00

Who aren t rich. property is more expenses, taxes higher. schumer will go along with the president for party union. republicans say 250,000 threshold is too low for many small businesses. obama says only 3% are above it. this isn t about taxing job creators. this is helping job creators. i want to give them relief. i want to give them a sense of permanence. the one-year tax extension critics say is anything but permanent. the white house says it would clear the way for overall tax reform next year. after voters made clear who they want in the oval office. bret: thank you. let s get thoughts about taxes from brit hume. this is a shame that this is not conducted in the courtroom. if it were, lawyers for romney could stipulate yes, indeed, ....

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