Detailed text transcripts for TV channel - FOXNEWS - 20111221:14:05:00
To create jobs. if there is no deal before january 1st payroll taxes will go up again as we mentioned for 160 million americans. the social security tax will increase from 4.2 to 6.2%. almost $20 a week for someone making $50,000 a year. it will impact unemployment benefits for 50 million americans and medicare, doctors could see big cuts. martha: a lot riding on this deal. who blinks first on this congressional standoff, that is really the question right now? we have both sides covered in "america's newsroom." we have congressman kevin brady from texas. afsenator chris coons will respond to s...
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