Detailed text transcripts for TV channel - FOXNEWS - 20130717:01:02:00
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Strong opposition from both sides. that reaction was due in part to proposals to curb social security and medicare costs, rein in a huge assortment of tax breaks like the deduction for mortgage interest, and almost doubled the federal tax on a gallon of gas. although the plan would cut total deficits by a total of $4 trillion over the next decade, the chairmen have acknowledged it's so controversial that it's likely dead on arrival. they hope that puttinging it forward will prompt a more realistic national debate about what it will take to solve the nation's financial troubles and a more serio...