Detailed text transcripts for TV channel - FOXNEWS - 20120417:22:45:00
Going to have an effect on the economy. there is going to be some great pain. i think steve is right. the worst part about it is that it will be saved for after the election. there is no chance to come up with comprehensive tax reform in a five-week period. what is going to happen is they will pick an choose and the great moment of tension and end up with i think a series of temporary fixes and go back at it and back at it. >> we should be clear about the economic impact of this. if this were to happen, if taxes were all to be raised at the same time, we would be catapulted back in recession. ...
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