Detailed text transcripts for TV channel - FOXNEWS - 20110215:09:05:00
Income taxes on the wealthiest americans by 4.6% or $709 billion. it increased the capital gains from 15 to 20%. and michael estate taxes over inherent and over $3.5 million. the omission to save medicare, social security and medicaid had republicans flatly accusing the president of breaking campaign promises and dereliction of duty. >> this abdicates the future. it spends too much. it taxes too much and borrows too much. it says that the president does not have the will or ability that we need to do with the money that we have. >> reporter: most democrats called the president's spending plan ...