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Detailed text transcripts for TV channel - FOXNEWS - 20111122:06:13:00

That was a difficult decision for me and my colleagues, but we felt like if both sides were in their respective foxholes without looking for any opportunity to find common ground we would surely fair. in an effort to break the impasse we suggested, look, we are facing the biggest tax increase in history in just 14 months. we have one of the world s most ridiculous and counterproductive tax codes. what if we made this code pro growth and simpler and lower marginal rates and offset the rates in elick nation of loopholes and special interest favors. this is exactly what every bipartisan commission that has looked at this has strongly recommended. we put it on the table and said we will design this in a way that the revenue coming from shrinking the. -offs would be greater than the revenue lost from lowering rates so there would be a knelt quarter of a trillion dollars for deficit reduction. i felt that was so pro growth and pro job creation, and by avoiding the tax increase that s ....

Tax Increase , Tax Codes , Xcode Pro , Elick Nation Of Loopholes , Job Creation , Deficit Reduction ,

Detailed text transcripts for TV channel - FOXNEWS - 20111122:03:13:00

That was a difficult decision for me and my colleagues, but we felt like if both sides were in their respective foxholes without looking for any opportunity to find common ground we would surely fair. in an effort to break the impasse we suggested, look, we are facing the biggest tax increase in history in just 14 months. we have one of the world s most ridiculous and counterproductive tax codes. what if we made this code pro growth and simpler and lower marginal rates and offset the rates in elick nation of loopholes and special interest favors. this is exactly what every bipartisan commission that has looked at this has strongly recommended. we put it on the table and said we will design this in a way that the revenue coming from shrinking the. -offs would be greater than the revenue lost from lowering rates so there would be a knelt quarter of a trillion dollars for deficit reduction. i felt that was so pro growth and pro job creation, and by avoiding the tax increase that s ....

Tax Increase , Tax Codes , Xcode Pro , Elick Nation Of Loopholes , Job Creation , Deficit Reduction ,