Detailed text transcripts for TV channel - FOXNEWS - 20121223:23:04:00
In some sense that is true but at least you are offsetting a spending fiction with a revenue fiction and clearing the deck so that we don't increase from 4 million to 31 million people the number affected by the alternative minimum tax. stablize the debt. >> chris: what would that mean? what would the level be for taxes for revenue. in how much would be raised in revenue and what would it mean in new spending cuts? >> the spending cuts would be a trillion $450 billion. $2.6 trillion. couple that with the $1.1 trillion already done and you are at $3.7 trillion. and look, is it perfect? no. is i...