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Detailed text transcripts for TV channel - FOXNEWS - 20121231:14:08:00

We ll rewrite the law using new wording and we ll catch more people in the 75% tax rate net. heather: stuart varney, i know you have a lot of work to do today. it is a busy day financially. thank you. thank you. gregg: what will it mean if lawmakers fail to strike a deal? according to the tax policy center 90% of the americans would see a tax hike in 2013. 121 million people will be paying a whole lot more in payroll taxs. those are social security payroll taxs. families making between 40 and $65,000 a year will have to pay an extra two grand to the u.s. government. the more you make, boy, that number really accelerates. heather? heather: another devastating blow in the fiscal cliff crisis, this mess, will be to the military. $500 billion slashed from the pentagon budget that is raising serious concerns about our national security. chairman of the house armed ....

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Detailed text transcripts for TV channel - FOXNEWS - 20121231:15:40:00

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Detailed text transcripts for TV channel - FOXNEWS - 20121231:14:07:00

Move some money around so we won t default on our obligations but nonetheless we are out of money. this means if a debt ceiling deal is not included any fiscal cliff deal, and it is not likely to be. gregg: then this debt mess continues for a few months. and we ve still got to argue that out in congress between congress and the president. heather: geithner said last thursday, he called them, trort nary measures would have to be taken to borrow money. yep. heather: breaking news in europe on the big 75% tax rate that the french wanted to pass for the rich. the breaking news that a french court said a 75% tax rate on individuals is unfair. so it has been rejected. the court court says unless you apply it to households it is not fair to single out individuals. that means 75% tax at this moment is not in effect. the french government and francois hollande says, it won t make any difference. ....

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Detailed text transcripts for TV channel - FOXNEWS - 20121231:14:40:00

York city, 30. but, gregg, factor in the wind it feels even colder. 21. gregg: that friesing rain and ice, the black ice. 4:00 hour this morning i almost took a major header on that. you can t see it in the dark. the obviously dark at 4:00 a.m. it was just brutal. you will be part of the new year s special tonight? i am so excited. i will need to bundle up. it is very cold out there, especially more than 20 stories above the building i have to say. heather: maria was out there all morning before the sun came up, at the top of the ball is. gregg: really? be careful. the don t want you to take a header. thanks very much, maria molina. we look forward to seeing you tonight. thanks, gregg. heather: gregg, actually 2013 already on in part of the globe. it is party time down under. sydney, australia, look at that. ringing in the new year with a dazzling display of fireworks, lighting up the skies over the harbor there. ....

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Detailed text transcripts for TV channel - FOXNEWS - 20121231:14:55:00

. gregg: you know, our production team is so fantastic. they come up with such great music. how appropriate, big baby news for kim kardashian and rapper kanye west. the two now expecting their first child. west announced the news during a concert last night. calling it most amazing thing. the couple went public with their relationship back in march. you may recall that kim kardashian married nba player kris humphries in august of 2010. their divorce has yet to be finalized. you know the rest of that story. heather: then there is that. france s socialist government promising to keep fighting for higher taxes on the rich after its controversial 75% super tax was ruled unconstitutional. ....

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