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Detailed text transcripts for TV channel - FOXNEWS - 20120629:05:13:00

States to exist as the principle regulator. and in that process, as you know, the premiums would be paid for basic insurance policy with a very large deductible, you would either do that through a tax credit if you are taking income taxes and if you are not eligible for other coverage you will get a refundable amount to buy the basic policy. that has not been introduced. but i think it s a good provision and a good way to go. thank you, attorney general. thank you for joining us. you re welcome. the supreme court s ruling is setting social media on fire. former governor sarah palin quickly taking to twitter. she beats obama lied to the american people again. he said it wasn t a tax. obama lies and freedom dice. good evening, governor. how are you, greta? governor, that s about 140 characters or less about how you feel about this decision today. now tell me, given more chance to amplify it your view of what happened today. i received a lot of messages ....

Us , Process , Tax-credit , Insurance-policy , Income-taxes , Premiums , Regulator , Deductible , Attorney-general , Way , Provision , Coverage

Detailed text transcripts for TV channel - FOXNEWS - 20120629:05:04:00

reading the dissent, the chief justice, while he is the majority of the court may think it s a tax, justice scalia, kennedy, thomas and alito, they say the majority is rewriting the statute and making it a tax. and judicial tax writing is egregious they said. this is exactly what is happening here. know all throughout the lower courts and the p. r. battle about this, and the government argued both ways, it is a tax and it is not a tax. but it was the winning argument at the court with the chief justice lining up to be the swing vote at this time. what is interesting, no politician, for all the debate about the statute and for the statute itself when it was voted and signed by the president. all the politicians said this is not a tax. the minute it got to court, the doj, the lawyers at the department of justice, they said suddenly this is a packs. and it changes everything because we had an initial argument about whether or not this is a right because there s the old anti-injunc ....

Tax , Chief-justice , Us-supreme-court , Statute , Dissent , Majority , Tax-writing , Kennedy , Alito , Justice-scalia , Thomas , Government

Detailed text transcripts for TV channel - FOXNEWS - 20120629:02:07:00

We will get to that with another guest. but a big day in the supreme court. janet, thank you. the legal challenges to president obama healthcare law started the day it was signed. on march 23, 2010, then attorney general of a state filed the first lawsuit. and now the highest court has rule. what does attorney general mccollum say? he joins us. good to be with you, greta i know you are a former member of congress and as well as the attorney general that filed the first case. i m curious, during the postmortem, would you have done anything differently? no. i think it was well-briefed and well-argued and well-presented but i was shocked and disappointed that chief justice roberts in the end concluded the individual mandate was a tax and not only it it it it was a tax s not prohibited by the direct taxes by the constitution. and he went into an elaborate ....

Attorney-general , President-obama-healthcare-law , Supreme-court , On-march-23 , Challenges , Guest , Janet , Big-day , 23 , March-23-2010 , 2010 , Us

Detailed text transcripts for TV channel - FOXNEWS - 20120629:02:25:00

i remember it was raised in the trial court in florida the first when it was filed. but it was raised in a very different context because you can t appeal a tax until after you have paid it. so it was used at that time by the department of justice saying this is a tax, and so because this is a tax, that s the first time i her it said, is the cases should be thrown out until they have paid the mandates. mandates have not been paid by anybody so it was an effort to sort of sideline the case for a while. it wasn t meant to be a determination if it was a tax or not in terms of the supreme court. it falls on what is called the anti-injunction act that would prohibit anyone to challenge a tax until they paid it. that would apply only if it was a tax. so the obama administration had to argue it was a tax but that argument failed and always failed and no one made the argument directly that the chief justice relied on today and it is flat out a tax. and we were all stunned. the medicaid e ....

Wasn-ta-tax , It , Florida , Trial-court , Doj , Context , Tax , Case , Time , Mandates , Cases , Anybody

Detailed text transcripts for TV channel - FOXNEWS - 20120629:02:01:00

Courthouse steps. [chanting] the supreme court upholding the loved and hated and certainly controversial individual mandate. the justices labeling it a tax, that is despite congress and president obama insisting that it is not. madam secretary, i have a direct question for you. on the individual mandate penalty, is it a tax? i am not a lawyer so i m not i m not equipped to answer that question. so when the director stated before the house budget committee that the individual mandate penalty is not a tax, president obama has publicly stated that it is not a tax, yet your legal briefs and the supreme court case in writing have submitted on your behalf, because you are a named defend in that proceeding, the breath of operation and minimal coverage provision is a tax law. do you agree with your attorneys ....

Supreme-court , Courthouse-steps , Loved , Chanting , Wasn-ta-tax , President-obama-healthcare-law , Congress , Mandate , Justices , Question , Madam-secretary , Penalty