Detailed text transcripts for TV channel - FOXNEWS - 20120805:22:07:00
>>chris: when the president said that the economy was growing at a rate of 2.3 percent. if the economy was too fragile then for a tax increase on the wealthy why is it okay now with the economy growing even morally slow at 1.5 percent? >>guest: chris, i was there at the time and let me review a little bit of history. the president was prepared to allow the tax cuts at higher brackets to expire because they cost $800 billion over a decade. we have to deal with our fiscal situation. there is in evidence those tax cuts are particularly a stimulation to the economy as part of a package agreed to b...