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...