Detailed text transcripts for TV channel - FOXNEWS - 2012122

Detailed text transcripts for TV channel - FOXNEWS - 20121220:05:07:00

the taxes go up on the richest people. i said, that may sound great. but let me explain, that means your boss, corporation, a single lawyer, single law firm, if their taxes go up by $50,000, they will have to find that money from somewhere. and it might be from your benefits, it might be from your hour, it might be from your job. those are the people who are going to be hurt n. return, you generate six, seven, eight days of government spending. that's not a solution. that's the problem. the tax increases that the president wants, it doesn't solve anything, but it does hurt job creation and growing the economy is the only way to solve the $16 trillion debt that continues to grow, no matter which one of these plans pass. >> sean: why are republicans afraid to take that issue on, the way you are articulating it? why are they afraid of saying we have a spending problem, we

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