Detailed text transcripts for TV channel - FOXNEWS - 20120711:20:24:00
>>neil: the president is touting that rich need to pay more in taxes. now word they are. the congressional budget office, nonpartisan, reporting the top 1 percent, for example, those earning $1.2 million on average, saw their rate jump from 21 percent to 28.9 percent, close to 30 percent tax rate that the president is proposing as part of the so-called buffett rule. and my report says this proves what he suspected, the rich are the only group right now in the country paying more than their fair share a couple of years ago. that is remarkable. when i wrote down the numbers there are more to it ...