Detailed text transcripts for TV channel - FOXNEWS - 20120710:18:06:00
Pinch middle class families for $2,200 by raising taxes, it will be a drag on the economy and hurt those families. about it question is whether the individual mandate if a middle class family declines to buy insurance as required by obama-care, is that about the tax they will wind up having to pay? >> pretty similar. there is a couple-year phase-in. but the penalty is over $2,000. $2,085. it's 2.5% of adjusted gross income. he said a one-year extension which means he wants to hit all those middle class families with the expiration of the tax cut a year later. that's what he proposed. megyn: i ...