Detailed text transcripts for TV channel - FOXNEWS - 20101115:14:43:00 : vimarsana.com

Detailed text transcripts for TV channel - FOXNEWS - 20101115:14:43:00

everyone below a million dollars will get a tax cut but the millionaires and billionaires won't. and i say that they shouldn't get it for three reasons: first, they're the only group whose income has substantially gone up in the last decade, middle class incomes have declined, second, they're not likely to send it -- spend it, they got plenty of money anyway and it's not going to butch the economy, boost the economy and third, we have a big decifit problem, we have a great jobs prorks better to put the money into decifit reduction, creating jobs than to give it to the millionaires and billionaires. rick: steve moore is senior economic writer for the "wall street journal". what do you snng. >> you know, it's interesting, obviously, chuck schum ser from your state of new york, new york and california have the highest tax rates in the country, they imposed these millionaire surtaxes, and you know what, those two states have the biggest deficits in the country so it hasn't worked very well at the state level. i don't think, rick, you're going to see any republicans leap at this idea. republicans' position has

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