Juan Williams: Remember that there's been an extension of the Bush tax cuts, and you're going on as if, you know what, we don't know in America how to help our own deficit problems. We do! We just have to tax people.[H/T to Space Cowboy.]
Brit Hume: Juan. Juan. What we need is not higher tax rates. What we need is higher revenue. And how do you get higher revenues? You get higher revenues from an expanding economy. That's where the big money comes from.
Williams: Yeah, and GE paying no taxes—that's good for America? Come on. You know that's not right.
[Pause. Brit Hume looks like he might barf.]
Chris Wallace: I just want to say, I pay all my taxes!
Williams: [laughing] Good man.
Posted by Melissa McEwan at Monday, April 04, 2011
Think Progress: "[On Fox News Sunday this weekend], Fox personality Brit Hume argued that cutting taxes will actually lead to increased tax revenue. Fox analyst Juan Williams responded by noting this is often not the case, citing the fact that G.E.—the nation's largest company—paid nothing in taxes last year. Williams' response flummoxed Hume, who appeared dumbfounded and at a loss for words. Host Chris Wallace had to jump in to smooth things over with a joke."