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Detailed text transcripts for TV channel - FOXNEWS - 20130101:13:07:00 - Vimarsana News

Detailed text transcripts for TV channel - FOXNEWS - 20130101:13:07:00

The so-called plan b, which boehner had the cap on tax increases at $1 million. now they're going to vote on it 450, which is less than half that. the thing so many republicans said we have to address the amount of money we spend in this country. when you look at the ratio between the tax hikes and the spending cuts, it's jaw dropping. $620 billion in new tax hikes, but they're only cutting 15 billion. if you want the ratio, that's 41 to one. for every one dollar in spending cuts, they increase taxes $41. that's a big number. >> brian: the president did not get the original money that he wante...

Detailed text transcripts for TV channel - FOXNEWS - 20130101:20:13:00 - Vimarsana News

Detailed text transcripts for TV channel - FOXNEWS - 20130101:20:13:00

House democratic leaders regarding the senate bill that was agreed to in the early morning hours. that bill would let income tax rates rise for the first time in 20 years, maintain unemployment benefits for millions of people, also blunt the impact of spending cuts that were looming as part of that so-called fiscal cliff. just to briefly summarize for you, the senate bill will raise taxes on incomes of $450,000 for couples $400,000 for individuals, cuts $15 billion in spending while increase tax revenues by $620 billion. that's a 41-1 ratio of tax increases to spending cuts. the senate voted 8...

Detailed text transcripts for TV channel - FOXNEWS - 20130101:16:33:00 - Vimarsana News

Detailed text transcripts for TV channel - FOXNEWS - 20130101:16:33:00

Spending while increasing tax revenues by $620 billion. that is a 41-1 ratio of tax increases to spending cuts. so who are the winners and losers? we'll play a little game. i will toss out some names to you, you tell me winner or loser. we'll go down the list. richard, start with you, president obama, john boehner, winner or loser? >> i think both of them are winners for different reasons. the president won. obviously showed winning an election and staying on message is a winning strategy. he got republicans to budge on this decades long notion somehow or other lifting tax rates was going to b...

Detailed text transcripts for TV channel - FOXNEWS - 20130101:11:53:00 - Vimarsana News

Detailed text transcripts for TV channel - FOXNEWS - 20130101:11:53:00

>> it now goes to the house where a lot of republicans are going wait a minute, we just got reelected a couple of weeks ago and we said we'd never raise taxes. you can't expect us to do that. what's it going to do? >> i think they should run from this as fast as they possibly can. this is such a bad deal for the republicans. one of the best things about their brand is they have been principled against tax increases. they realize we have a spending problem, not a revenue problem. to then turn around and agree to major tax increases -- and that's what we're talking about in return for nothing in...

Detailed text transcripts for TV channel - FOXNEWS - 20130101:11:40:00 - Vimarsana News

Detailed text transcripts for TV channel - FOXNEWS - 20130101:11:40:00

The spending cuts? there are very few of them in the bill. there are 620 billion in tax increases but only 15 billion in spending cuts. that's going to be unpalatable for a lot of republicans in the house who believe they were sent to washington with one mission: to cut spending. the bill raises tax rates on inces over $400,000 for individuals and $450,000 for couples. it blocks for two months spending cuts or sequestration to military and government programs. it extends unemployment benefits for the long-term jobless for another year. it prevents a 27% cut in fees for doctors who treat medica...