Detailed text transcripts for TV channel - FOXNEWS - 20120718:08:04:00
He wants to redistribute income on the backs of the achievers. and that's the truth and that's the memo. now for the top story tonight, reaction. joining us from chicago dr. austin goals bi. he currently teaches at the university university chicago. where am i going wrong, professor. >> it's good to see you again, bill. i think you went wrong perhaps in two places. the first is if you look at how much of their income, high income people are paying in taxes. it's not higher, it's actually dramatically lower. if you look at the 400 highest income people in the country, the amount of their income...