Detailed text transcripts for TV channel - FOXNEWS - 20120607:15:20:00
The time -- what would be the biggest tax increase in 30 years. jenne: let's talk a little bit about what would happen if the tax cuts go away or stay. if the congressional budget office came out this week and said listen if we keep the current policies and tax rates for everybody, public debt as a percentage of gdp will be at 200% by 2037. keeping those tax cuts in place, the nonpartisan cbo says could be a real problem for the economy. so when we're talking about temporary extensions, what are we really talking about? >> i think the cbo also said the worst way to raise taxes is to raise tax ...
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