This is a rush transcript from "Your World With Neil Cavuto," June 16, 2009. This copy may not be in its final form and may be updated.
NEIL CAVUTO, HOST: First, the speech and now the sell.
Welcome, everybody. I'm Neil Cavuto.
Well, another day and more number-crunching — Democrats looking for a trillion bucks to pay for the president's health care plan. Guess what? Two key proposals include some potentially hefty tax hikes.
Democratic Congressman Chaka Fattah is fine with it, as long — as long as we get a health care plan out of it.
Congressman, good to have you back.
Is it inevitable tax hikes are — are — are coming?
REP. CHAKA FATTAH (D), PENNSYLVANIA: Well, it's good to be back, Neil.
Well, Look, I think the reality is, is that we're going to pay more, as the president said, if we don't cover everyone. But, yes, there's going to have to be — the cost for this is going to have to be budget-neutral, and we are going to have to find a way to pay for insuring the other 46 million or so of our fellow citizens and make sure that they have health insurance.
CAVUTO: All right. But you're going to pay more for it.
CAVUTO: Everyone, everyone pays more, right, not just the rich? It's going to be everyone is going to have to pay more, right?
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FATTAH: Well, look, you know, we paid billions to make sure that every Iraqi could have health insurance, right? This was part of our program in Iraq in the reconstruction effort. We built children's hospitals in cities where there were no children's hospitals. We can do the least — we can at least do as much for our own here in this country.
We have been working at this for decades.
CAVUTO: I know that, Congressman.
CAVUTO: I'm sorry but if you don't mind...
FATTAH: The president is committed to getting it done.
CAVUTO: My original question was, do you envision, then, taxes going up for everybody to provide health care for everybody?
FATTAH: Then you go right ahead.
Well, what Chairman Rangel has said is that his committee is going to meet within hours, I think, or sometime tomorrow. They're going to look at all the revenue raises that the administration has on the table, and they're going to look at others. And we're going to find a way to pay for this.
Now, you have heard the insurance say that they can produce about $2 trillion in savings over 10 years. You have seen the president put $600 billion in his budget as a down payment. But there is still a gap. And that gap is going to have to be filled with larger efficiencies and with other taxes that are needed to make sure that we can cover everyone.
FATTAH: But we're going to have do it in a way in which it's budget-neutral.
CAVUTO: All right. I understand that goal, but, you know, Congressman, a lot of your folks in your party are going to have to go back to the American people and say, I know we said the taxes were not going to go up on the middle class, but, news flash, they are. Now, you might be able to tell them, yes, but, for that tax hike, you're going to get health coverage for everybody.
You are going to have to pray that they are OK with that, right?
FATTAH: Well, the first thing we want to do is tell them about the real news flash, which is that 95 percent of all Americans have a tax cut right now, today, under their president's recovery program. They have it this year and they have it next year. So, he's already done a larger tax cut than anything Bush has done during his time.
FATTAH: ... people.
CAVUTO: All right.
But are those 95 percent going to be told, enjoy it while you can, because the taxes are going to go up for you, yes or no?
FATTAH: Well, you know, we have a responsibility. As they teach in our church, that we have a responsibility to be our brother's keeper.
We can't have 46 million Americans without health insurance. Who among us would want to trade places with someone who has a serious illness and no...
CAVUTO: Congressman, I'm not dismissing what was said in your church. You also have an obligation telling the American people the truth, then. If that is the case, do you think it would have been incumbent on Democrats, upon all parties, to just say, look, if you're going to get national health care, the fact of the matter is, everyone, not just the rich, everyone is going to have to pay for it?
FATTAH: Well, we are going to lay it out specifically. There is going to be a bill. It's going to show how it's going to be paid for.