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Detailed text transcripts for TV channel - FOXNEWS - 20120326:01:25:00 - Vimarsana News

Detailed text transcripts for TV channel - FOXNEWS - 20120326:01:25:00

We are saying let's limit these kinds of deductions for higher income earners they can enjoy the lower tax rate. >> are you willing to say it would not only be revenue neutral due distributionally neutral the wealthy won't benefit. >> we have two tax rates. we have low ir income workers 25 percent tax rate for high income earners. it's the same as the current code it's impossible to answer that question. >> let's turn to spending. you would cut medicaid and other health programs by 770 billion more than the president in 10 years. agriculture sub des by 2 trillion over the next ten years. the w...

Detailed text transcripts for TV channel - FOXNEWS - 20120326:04:25:00 - Vimarsana News

Detailed text transcripts for TV channel - FOXNEWS - 20120326:04:25:00

Everybody's tax rate in exchange. >> chris: are you willing to say it would not only be revenue neutral. >> it is. >> chris: but also distributionally neutral which means that the wealthy aren't going to benefit and the middle class is going suffer. >> we do believe in a progressive tax income. 10% for lower and middle come. 25% for high income earners. whether it is distributionally same as current code it is impossible to answer the question. >> chris: you would cut other programs by $770 billion more than the president's budget over ten years. cut entitlements like welfare and food stamps a...

Detailed text transcripts for TV channel - FOXNEWS - 20120326:08:25:00 - Vimarsana News

Detailed text transcripts for TV channel - FOXNEWS - 20120326:08:25:00

Revenue and you can lower everybody's tax rate in exchange. >> chris: are you willing to say it would not only be revenue neutral. >> it is. >> chris: but also distributionally neutral which means that the wealthy aren't going to benefit and the middle class is going suffer. >> we do believe in a progressive tax income. 10% for lower and middle come. 25% for high income earners. whether it is distributionally same as current code it is impossible to answer the question. >> chris: you would cut other programs by $770 billion more than the president's budget over ten years. cut entitlements like...

Detailed text transcripts for TV channel - FOXNEWS - 20120325:22:25:00 - Vimarsana News

Detailed text transcripts for TV channel - FOXNEWS - 20120325:22:25:00

Everybody's tax rate in exchange. >> chris: are you willing to say it would not only be revenue neutral. >> it is. >> chris: but also distributionally neutral which means that the wealthy aren't going to benefit and the middle class is going suffer. >> we do believe in a progressive tax income. 10% for lower and middle come. 25% for high income earners. whether it is distributionally same as current code it is impossible to answer the question. >> chris: you would cut other programs by $770 billion more than the president's budget over ten years. cut entitlements like welfare and food stamps a...

Detailed text transcripts for TV channel - FOXNEWS - 20120325:18:25:00 - Vimarsana News

Detailed text transcripts for TV channel - FOXNEWS - 20120325:18:25:00

Everybody's tax rate in exchange. >> chris: are you willing to say it would not only be revenue neutral. >> it is. >> chris: but also distributionally neutral which means that the wealthy aren't going to benefit and the middle class is going suffer. >> we do believe in a progressive tax income. 10% for lower and middle come. 25% for high income earners. whether it is distributionally same as current code it is impossible to answer the question. >> chris: you would cut other programs by $770 billion more than the president's budget over ten years. cut entitlements like welfare and food stamps a...