Detailed text transcripts for TV channel - FOXNEWS - 20120710:14:05:00
Re-election campaign has been slamming romney on. watch out for that. martha: this whole conversation will be central to the election. tax hikes on those making $250,000 or more would bring in to the federal coffers about $85 billion in extra revenue every year. that sounds like a lot, of course, but the federal government is running a deficit of around $1.2 trillion every year. it's kind of like this extrapolation, if a family was basically $1,200 in the red, then they would only bring in $85 to pay that down, which really would be sort of a drop in the bucket, right? bill: we are talking abo...