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Detailed text transcripts for TV channel - FOXNEWS - 20120222:21:05:00

We need to level the playing field. why should we subsidize the owning of a home for the mortgage interest? this hurts the economy long term. neil: i agree, it makes sense if you remove subsidies for everyone. guest: but why did he go with the, why not go with the simpson-bowles plan? it was less political and did not subsidize green energy and screw oil manufacturers on the other end. it did not go after just small companies, big companies, overseas, it leveled the playing field in a nonpolitical way. and i will tell you i have not ready every ounce of this but there is a lost politics, the carry interest is funny. neil: that is another issue. just in general i know you say you are not a political type but this is shrewd. he is protecting his flank, ....

Mortgage Interest , Playing Field , Simpson Bowles Plan , Neil Cavuto , Isn Ta Red , Carry Interest ,

Detailed text transcripts for TV channel - FOXNEWS - 20120222:21:03:00

It is an interesting way to look at it. he is coming out saying he is cutting corporate taxes. but face it, you listen to the president s word he wants to raise the upper bracket, right, getting rid the bush tax rates and raise taxes on individuals and small businesses, and, boy, that will be a hard argument to make. neil: going after multinationals, for example, those that have operations all over the we world, such as kfc, the penalizing of those companies and going after the money they make abroad. guest: when the markets fully digest i wonder what they think. the market is going toward 13,000, right? probably off a little bit today. it was down 29, but why is it going up? the economy despite improving unemployment numbers is still pretty rough, but these companies are multinational. they rate all over the world. this is going to be an issue for ....

Bush Tax Rates , Neil Cavuto , Isn Ta Red , Unemployment Numbers ,