Detailed text transcripts for TV channel - FOXNEWS - 20120123:21:14:00
>>guest: well, illinois made the same mistake europe made. europe for four decades has been raising taxes, raising spending, the pending always goes up more than the taxes go up because you have the laughter -- laffer effect, and that actually leads to more debt. we saw the same thing in illinois, they raise taxes and businesses are fleeing the state and moody's downgraded them and oh became wants to do the seem thing for the country? i'm against higher taxes but i want to appeal to the people who are nonideological and make an argument to them, that it doesn't work. europe shows it doesn't wo...
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