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Detailed text transcripts for TV channel - FOXNEWS - 20120725:22:43:00

For a long time romney tried to attack him that he s in over his head. he s nice but he doesn t get it. but the antibusiness line is really the most vulnerable spot for obama because he s been using populous rhetoric so i think it s a fruitful line of attack for romney and they re going to push it. the rnc has an ad that takes the paragraph from virginia and runs it and has text of it. and it says at the end, in context it doesn t change anything. it s all in context is what it says. charles, you ve been line by line numerous times on this panel. does this have continued legs? yeah because it was the ultimate gaffe. it betrayed what he believes. and in context you can see he elaborates. it isn t one thing that slipped out. i think romney ought to run that ad or run the whole thing in an ....

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Detailed text transcripts for TV channel - FOXNEWS - 20120725:22:34:00

Defeated 54-45. the democratic plan which raises taxes for high earners won a majority vote 51-48, eric cantor vows to kill it in his chamber. reporter: the congressional debate is made clear president obama s tax plans leave the bush tax cuts in place for families making less than 250,000 a year could raise them on those making more. 98% of american families won t see income taxes go up at all. the other two% of americans will have to pay more on taxes on anything they make over 250,000. mr. obama wants to increase the top rate from 35 to just under 40% and raise taxes on investment income and dividends as well. governor romney on the other hand has a plan going beyond the debate, leaving bush tax cuts in place and reduce the rates more. ....

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Detailed text transcripts for TV channel - FOXNEWS - 20120725:22:35:00

governor romney proposes cutting all tax rates by 20%, the top rate would become 28%. it s revenue neutrally a broad base means tax deductions will be trimmed to pay for the plan along with spending cuts and romney won t propose anything unless it s deficit neutral. it would be upper number americans that see the most significant scaling back of benefits of tax preferences. the campaign argues it would boost economic growth, a notion president obama rejects. it s not what most americans regardless of party believe will grow the economy. romney advisors say those responsible for 54% of all invite sector jobs pay taxes at the individual rate. the president focuses on raising marginal tax rates for ....

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