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Detailed text transcripts for TV channel - FOXNEWS - 20120706:01:01:00

You ve seen what this the president has said over the past several years, that s a penalty. so then he disagrees with the supreme court decision that says it s now a tax? that s right. he said it s a penalty. you saw our arguments before the court. your argument before the court honestly also said it could be one of the side arguments, kind of like the backup argument, was that it was a tax. so i did see the arguments before the supreme court. it never referred to it as a tax. it said that it was a penalty. it s a tax, it s not a tax. who s on first? unfortunately for team obama, we have audio proving the mandate was repeatedly referred to as a tax during those very arguments. while the president is trying to figure out whether or not he agrees with the controversial 5-4 decision, governor mitt romney is clarifying his opinion as well. this after one of his top campaign advisors stated he believes the mandate is not a tax but a penalty. that comment did not sit well ....

Tax Burden , Supreme Court Decision , Supreme Court , Backup Argument , Side Arguments , Romney Over Obama , Whos On First , Mitt Romney , Grand Decision , Campaign Advisors ,