Detailed text transcripts for TV channel - FOXNEWS - 20120410:13:09:00
Raise taxes if you make a million or more, lumped together as the president's tax the rich proposal, otherwise known as the buffet rule. now, if both of these proposals went through congress, and that's highly unlikely, if they did, they would raise a maximum $700 billion over ten years. that is an absolute maximum. very few people table would really bring in that kind of money. but if it did, $70 billion a year that would barely make a dent in the trillion dollars per year decifit which we're looking at in the next few years. so in my opinion, it is very much a political proposal, not a serio...