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Detailed text transcripts for TV channel - FOXNEWS - 20120822:01:34:00 - Vimarsana News

Detailed text transcripts for TV channel - FOXNEWS - 20120822:01:34:00

Current code. the people who use write-offs, loops holes and deductions are people in the top tax bracket, meaning more of their income is sheltered from taxation. you take away the loopholes and more of their income is subject to taxation, which allows us to lower everybody's tax rates across the board. it's a fair, simple, competitive system. we're here in the steel manufacturing fabricating business. this business is paying the individual tax rate, just like 80% of all businesses in america do. when you keep raising that top tax rate, you're punishing those successful small businesses, whic...

Detailed text transcripts for TV channel - FOXNEWS - 20120822:04:34:00 - Vimarsana News

Detailed text transcripts for TV channel - FOXNEWS - 20120822:04:34:00

The people who use write-offs, loops holes and deductions are people in the top tax bracket, meaning more of their income is sheltered from taxation. you take away the loopholes and more of their income is subject to taxation, which allows us to lower everybody's tax rates across the board. it's a fair, simple, competitive system. we're here in the steel manufacturing fabricating business. this business is paying the individual tax rate, just like 80% of all businesses in america do. when you keep raising that top tax rate, you're punishing those successful small businesses, which is where mos...