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Detailed text transcripts for TV channel - FOXNEWS - 20111222:01:54:00

i agree. the laws against it often make it worse. one study in four states where it s banned and there was no difference in one of them but in three of the states they found more accidents. and the theory is that because people instead of just texting while they are driving now they are hiding from the cops and they are holding it lower in the car and that increases accidents. so these laws have unintended consequences. laura: john, doesn t it also make you wonder at some point soon you will just be able to say text john stossel great job on the show this week, liked the segment on government intrusion, laura. you will be able to voice it all. so pretty short order this whole conversation will be moot. but, nevertheless, i used to work at d.o.t., the department of transportation back in the reagan years. i m so sorry. laura: fun, i was a speech writer for the secretary. a lot of regulators with a lot of time on their hands and they have to do stuff so they come out with these p

Detailed text transcripts for TV channel - FOXNEWS - 20111222:10:44:00

competition with far eastern countries. lack of education and skills. it s not the rich people s faulted that the middle class has suffered. the idea that you can somehow blame the upper class and wealthy for the problems of the middle class doesn t make any sense. there is no causal link there. laura: daftd an interesting statistic i had never heard before but stephen moore just shared with me. after the big tax cut kicked in for those next four years the income coming into the federal treasury was the highest in any four year period in our government s history. tax revenues went up after that tax cut. the idea if we only raise taxes on the rich things will begin to even out and there will be lollipops on the bushes and rainbows in the sky. it seems to me it doesn t really fly in the end. actually, steve has that statistic wrong as the percentage of g.d.p. taxes were lower under bush than clinton. they peaked in 2000 as 20% of

Detailed text transcripts for TV channel - FOXNEWS - 20111222:10:55:00

just it doesn t help. it makes it worse often but they always want more laws. laura: all right, john. great to see you. merry christmas, happy new year, all that jazz. happy shortest dave the year. laura: happy winter soltis. i should have known. days get longer. laura: maybe warmer. instant classic volunteer for job. how does clinton react?

Detailed text transcripts for TV channel - FOXNEWS - 20111222:04:44:00

competition with far eastern countries. lack of education and skills. it s not the rich people s faulted that the middle class has suffered. the idea that you can somehow blame the upper class and wealthy for the problems of the middle class doesn t make any sense. there is no causal link there. laura: daftd an interesting statistic i had never heard before but stephen moore just shared with me. after the big tax cut kicked in for those next four years the income coming into the federal treasury was the highest in any four year period in our government s history. tax revenues went up after that tax cut. the idea if we only raise taxes on the rich things will begin to even out and there will be lollipops on the bushes and rainbows in the sky. it seems to me it doesn t really fly in the end. actually, steve has that statistic wrong as the percentage of g.d.p. taxes were lower under bush than clinton. they peaked in 2000 as 20% of

Detailed text transcripts for TV channel - FOXNEWS - 20111222:04:55:00

just it doesn t help. it makes it worse often but they always want more laws. laura: all right, john. great to see you. merry christmas, happy new year, all that jazz. happy shortest dave the year. laura: happy winter soltis. i should have known. days get longer. laura: maybe warmer. instant classic volunteer for job. how does clinton react? how does clinton react? capital one s new cash rewards card gives you a 50 percent annual bonus. so you earn 50 percent more cash. if you re not satisfied with 50% more cash, send it back! i ll be right here, waiting for it. who wouldn t want more cash? [ insects chirping ] i ll take it. i ll make it rain up in here. [ male announcer ] the new capital one cash rewards card. the card for people who want 50% more cash. what s in your wallet? sorry i ll clean this up. shouldn t have made it rain.

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