Paul Ryan To Fox News: ‘I Don’t Have The Time’ To Explain How We Will Pay For Our Tax Plan By Adam Peck on Sep 30, 2012 at 10:39 am
For much of the general election, the Romney campaign has avoided any discussion of specifics, especially when it comes to the tax plan that he and Paul Ryan have put forward. On Fox News Sunday, host Chris Wallace gave Ryan an opportunity to finally talk about the details of his plan to a national audience, how much it will cost and how the Romney administration would pay for it.
Instead, Ryan said he didn’t have time to get into the nuts and bolts of the proposal:
WALLACE: So how much would it cost?
RYAN: It’s revenue neutral…
WALLACE: No no, I’m just talking about cuts. We’ll get to the deductions, but the cut in tax rates.
RYAN: The cut in tax rates is lowering all Americans’ tax rates by 20 percent.
WALLACE: Right, how much does that cost?
RYAN: It’s revenue neutral. [...] WALLACE: But I have to point out, you haven’t given me the math.
Ryan: No, but you…well, I don’t have the time. It would take me too long to go through all of the math. But let me say it this way: you can lower tax rates by 20 percent across the board by closing loopholes and still have preferences for the middle class. For things like charitable deductions, for home purchases, for health care. So what we’re saying is, people are going to get lower tax rates.
Ryan has been the Republican vice presidential nominee for nearly three months, and has still not found the time to explain how a Romney administration would fund its tax plan of 20 percent deductions across the board. Perhaps that is because if he did, voters would balk at the cuts that would need to occur in programs like Medicare for the plan to remain revenue neutral.
Ryan’s refusal to talk specifics only lends further credibility to the various studies and reports that have found time to do the math. And as ThinkProgress has reported, those studies from non-partisan organizations show that the Romney/Ryan tax plan would actually result in a huge tax cut for the wealthiest Americans. And the only way to keep it revenue neutral is to balance their plan on the backs of middle class families, who would see a tax increase of more than $2,000.
Posted by glassman on :
The cut in tax rates is lowering all Americans’ tax rates by 20 percent? but it's revenue neutral?
this guy is obviously their cheif economist:
Posted by CashCowMoo on :
Well Ray, you just have to pass Ryans bill to see what is in it. You should be familiar with this strategy. They are stealing the process from the Democrats, slick move.
Posted by raybond on :
just your answer cash tells me that a business should not be president.
Posted by CashCowMoo on :
quote:Originally posted by raybond: just your answer cash tells me that a business should not be president.
Explain
Posted by raybond on :
Cash I have explained this for years and for you to state explain is like a duck waking up in the morning to a whole new world.Are you sure you are a manager of any kind?
Look at the last forty years has there been one person with a business background that has done what they have said they were going to do. Bigger debt,double the size of the government,and higher taxes.
