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Family income, that's a big deal. that's substantial, and in addition to that, ongoing, it' o encourage jobs and wages. it will help create better jobs and higher wages. so it's a good bill, and i think that may be chafe some people where they have been talking about by the but now we're delivering it. >> they're going to talk about tax cuts for the rich, but they're also upset that the republicans included in their bill this idea of repealing obamacare's individual mandate. the senators say that it would reduce deficits by $318 billion, 4 million more uninsured in and average annual premium i...

They were arguing about it more broadly. it did get mentioned on and off. republicans said -- they would often say $500 billion in taxes. they mentioned it. it was couched in this broader argument over the bill. once it passed it was done. people in washington tend to argue over what they think they can actually change. now that this is law they don't tend to think they can change it. it is a big tax increase. it's an important part of funding the bill. it's an important part of the bill's long-term deficit reduction. also it does do something i think is important. which is president obama oft...

Destroying hundreds of homes. rescuers are trying to reach isolated communities to help survivors. patti ann. >> this may not be very good for your health. 159 pages of new regulations from the irs heading your way all thanks to obama care. here i-94 to break them down for us is diane macedo from the fox business network. >> that's right. the irs is releasing the rules on how to implement the new taxes that will take effect in 2013 to help pay for the affordable care act. one of the main runs is 3.8 percent sir tax on the investment income. the first tax ever to be applied to capital gains and...

Constituents of a number district. norquist rejects the logic. saying the pledge is clearly made in writing to quote the american people. conservative writer john fund says gibson, "his constituents may not be able to trust his word on the penal he took but they can count on the fact that he is now potential vote for just about any tax hike, budget deal could contain. " we told you earlier there is little reported progress in budget negotiations. healthcare has not so far been major issue in the fiscal cliff talks. it may. but chief national correspondent jim angle tells us tonight that pres...

Individuals making over $200,000 a year. there is a hidden part of the fiscal cliff, too that it would take effect in october of 2013 when health care exchanges have to be up and ready to go. at that time a new 3.8% tax on capital gains and dividends will be added. therethere will be an increase n medicare payroll taxes and a 2%-plus medical device excise tax. total expected revenues from those taxes, more than $318 billion over ten years. small businesses will be most adversely affected. >> there is a lot of small businesses in the country that do not file under the corporate income tax. they...