Detailed text transcripts for TV channel - FOXNEWS - 2012100

Detailed text transcripts for TV channel - FOXNEWS - 20121007:22:08:00

sunday not -- i don't agree with you it is a $5 trillion tax cut but i said where do you make up the $5 trillion for are lowering tax rates in terms of the deductions and loopholes, how do you make it up? they reduce to tell us. independent experts say even if you took away all of the deductions it is not going to add up to $5 trillion. >> the governor said he understands he has to work with both sides of the aisle. we know right now for example in the house dave camp is working on the issue of lowering, simplifying, and even in the senate they had discussions. he said in the debate i will work with members of both sides of the aisle. looking at a simpson bowles type model. this is not new and we know that it can be done. if you go back to when it was last done of simplifying the tax code. >> simpson boles were more specific about yes, lowering the rates. >> he said he is going to work across the aisle. he is going to listen to both sides of the aisle and make

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