Detailed text transcripts for TV channel - FOXNEWS - 20120520:22:21:00
Of our debt, and obviously you say we need to cut more spending, why not some increase in taxes on the wealthy up to a level when the economy was booming in the 1990's? >>guest: two things revenues go up each year under our budget because we have economic growth and we close loopholes and the tax rates are set to go up higher than in the clinton years because of the new obamacare taxes. the top marginal tax rate goes to 44.8 percent in january and the reason we do not want did go back do that because we are in global competition. eight of ten businesses in america file taxes as individuals. so...
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