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Detailed text transcripts for TV channel - FOXNEWS - 20101206:00:40:00

debate and president obama in fact insisting they must be included in a tax cut deal. now, the latest jobless rates, give more weight to his demands. unemployment in november is up 9.8%, that jobs report coming out on friday, so, what does this mean for the economy? joining me now robert gray at the fox business network and robert, what are investors say? >> investors are perplexed, trying to decide whether or not the tax cuts are going to be extended and rates for capital gains and dividend taxes and people with large gains are more opt to pay higher taxes next year and trying to play a little game as we head towards year end and in the meantime you're looking at the expenses here and broken it down and friends at george mason university did, talk about the cost, 700 billion to extend the tax cuts and not in one year, it's over a decade. and 3 trillion for the so-called middle class and geographically and you schumer acknowledges that, and not necessarily, the upper class

Obama , Unemployment , Debate , Fact , Rates , Jobs , Tax-cut-deal , Demands , Weight , 9-8 , Tax-cuts , Robert-gates

Detailed text transcripts for TV channel - MSNBC - 20101202:06:13:00

just on the offshore tax, the estimate is we're losing $100 billion a year on abusive tax shelters. the estimate is we're losing $50 billion a year. as people try to reclassify their income from ordinary income to capital gains or dividend income and, of course, all the other shell games that are played, as well. >> senator, on the -- on the simpson/bowles report, i want to read something in your statement about it today. you said i certainly would've done some things differently if i were writing it myself, but you can't have everything you want. i think that's the essential lessons of all of these reports is kent conrad doesn't get to write it himself. he's in a room with 18 other people, half of them are democrats, half of them are republicans, people who sharply disagree with you. and what does an agreement look like? this is what an agreement looks like. and so i'm going to ask you, i'm going to invite you now to list, identify some of the things in simpson/bowles that you don't like.

People , Tax , Income , Estimate , Capital-gains , Tax-shelters , Course , Dividend , 100-billion , 50-billion , 0-billion , 00-billion

Detailed text transcripts for TV channel - MSNBC - 20101202:03:13:00

system that is so larded with exemptions, executioclusionsexc deductions, set asides and invitations for frankly game playing that we are hemorrhaging huge amounts of revenue. just on the offshore tax, the estimate is we're losing $100 billion a year on abusive tax shelters. the estimate is we're losing $50 billion a year. as people try to reclassify their income from ordinary income to capital gains or dividend income and, of course, all the other shell games that are played, as well. >> senator, on the -- on the simpson/bowles report, i want to read something in your statement about it today. you said i certainly would've done some things differently if i were writing it myself, but you can't have everything you want. i think that's the essential lessons of all of these reports is kent conrad doesn't get to write it himself. he's in a room with 18 other people, half of them are democrats, half of them are republicans, people who sharply

Tax , Revenue , Executioclusionsexc-deductions , Game-playing , Exemptions , Invitations , Amounts , Frankly , Set-asides , People , Income , Capital-gains

Detailed text transcripts for TV channel - FOXNEWS - 20101128:04:15:00

and so tee anying funding to be able to implement rules. >> yes. obvious example is with obama care. republicans if they wanted to could defend elizabeth warren. >> there is a -- what about republicans? >> there is obviously than a tax increase january 1. it's still two years, businesses say two years, i'm going to be hit with a tax increase or might be. does that do enough to help the economy? >> i'd argue it's one year of knowing what they're going to have. following year is debate ramping up again. you know. the real problem is that people, i don't think, estimate in particular for companies, this dividend and capital gains we're talking about billions upon billions

Dont-republicans , Rules , Example , Yes , Anying , Obama-care , Elizabeth-warren , Tax-increase , 1 , January-1 , Economy , Businesses

Detailed text transcripts for TV channel - FOXNEWS - 20101128:07:15:00

use oversight through the power of the purse and basically take money away. >> you deny them the funding to implement the rules. >> yeah, the most obvious example is with obama care about you you could do that with the epa, the interior department, the republicans if they wanted to, they could defund elizabeth warren, a new commission-- >> financial bureau. what about the taxes, let's say the republicans have settled for a two year extension of all of the bush tax rates and that's obviously better than a tax increase january 1st on the other hand it's still only two years so businesses say in two years i'm still going to be hit with a tax increase or might be. does that really do enough to help the economy? >> paul, i would argue what they really get is kind of one year of knowing what they're going to have and because then the following year is about the tax debate ramping up again and not knowing what's coming. the problem is people i don't think estimate in particular for companies, this dividend and capital gains rate hikes, we are talking about billions

Dont-republicans , Way , Rules , Epa , Oversight , Example , Money , Purse , Power , Funding , Interior-department , One

Detailed text transcripts for TV channel - FOXNEWS - 20101127:19:15:00

use oversight through the power of the purse and basically take money away. >> you deny them the funding to implement the rules. >> yeah, the most obvious example is with obama care about you you could do that with the epa, the interior department, the republicans if they wanted to, they could defund elizabeth warren, a new commission-- >> financial bureau. what about the taxes, let's say the republicans have settled for a two year extension of all of the bush tax rates and that's obviously better than a tax increase january 1st on the other hand it's still only two years so businesses say in two years i'm still going to be hit with a tax increase or might be. does that really do enough to help the economy? >> paul, i would argue what they really get is kind of one year of knowing what they're going to have and because then the following year is about the tax debate ramping up again and not knowing what's coming. the problem is people i don't think estimate in particular for companies, this dividend and capital gains rate hikes, we are talking about billions

Dont-republicans , Rules , Epa , Oversight , Example , Money , Power , Purse , Funding , Interior-department , Taxes , Extension

Detailed text transcripts for TV channel - FOXNEWS - 20101106:15:33:00

where every single republican voted to give tax breaks to move jobs overseas. that doesn't make sense. why do we favor india over america, i don't know. wayne's solution to punish the american worker, not the answer at all. it's not the corporate rate but the amount they pay. exxon-mobil made $35 billion and they paid $15 million in tax. guess how much went to the united states? zero. goose egg. they paid to other countries, not to us. we need to make sure they pay taxes to america, not france and other countries. >> cheryl: what can we do differently to keep americans and american jobs in this country? >> the greatest myth of the world we're losing jobs overseas because of labor rates. we talked to many companies and they say the labor is negative, only when you factor everything in. it's taxes, taxation. not a corporate incomes tax rate, it's tax on capital gain and dividend income and tax on healthcare, all the different

Jobs , All , Americans , Wayne-rogers , India , Answer , Solution , Worker , Over-america , Single , I-dont-know , Tax-breaks

Detailed text transcripts for TV channel - FOXNEWS - 20101104:08:54:00

done? neither party has a functional majority. if the deficit problem will be solved they both have to come together and n and negotiate. the president appointed a commission and wants to do it. call his bluff and take him up on it. >> if neither side has operating majority, nothing of importance will get done. the only issue there will be is on the bush tax cuts. it's very easy to see a compromise in which you get the republicans and the democrats to agree, to extend indefinitely the cuts for 98% and for say a couple of years for those in the upper bracket. that will happen. i think for obama it's important. he will have to win a reelection and have a strong economy. if the cut expire and have a huge increase in taxes, dividend and capital gains and everything else, the economy will be stopped in his tracks

President-obama , Republicans , Majority , Commission , Deficit-problem , Come-together-and-n , Nothing , Compromise , Issue , Importance , Bush-tax-cut , Operating-majority

Detailed text transcripts for TV channel - FOXNEWS - 20101103:22:54:00

election or get something done? neither party has a functional majority. if the deficit problem will be solved they both have to come together and n and negotiate. the president appointed a commission and wants to do it. call his bluff and take him up on it. >> if neither side has operating majority, nothing of importance will get done. the only issue there will be is on the bush tax cuts. it's very easy to see a compromise in which you get the republicans and the democrats to agree, to extend indefinitely the cuts for 98% and for say a couple of years for those in the upper bracket. that will happen. i think for obama it's important. he will have to win a reelection and have a strong economy. if the cut expire and have a huge increase in taxes, dividend and capital gains and

President-obama , Election , Something , Republicans , Majority , Deficit-problem , Come-together-and-n , Nothing , Compromise , Issue , Importance , Commission

Detailed text transcripts for TV channel - FOXNEWS - 20101023:14:07:00

to eric's point. we'll never get the money. i don't care what to do with it. that drove our economy and why the markets were in today. >> 92% of the money that came back last night was specifically towards that. >> good. >> and that's job creation. >> and that's in america, that's a great thing. >> the reason we have employment is because dividends is share buyback, sifdz shadividends share buybacks-- >> i don't know what companies you're talking about, but-- >> and that's exactly where the companies need to be, they need to pay dividends so you can get investors. when they get investments, they can hire. and they're afraid of the next down turn, whether they have enough money to pay health care, any number of different things down the road and bringing the money back, nothing wrong with paying a dividend. >> and, but it's not a guarantee. >> we have to be a little fair here though, eric, and we did say we lost what, 4 million jobs. >> we lost 4 million jobs. >> and it's not as many.

Money-in-america , Point , Thing , Economy , Us- , Job-creation , Reason , Care , Markets , 92 , Companies