On ABC’s “This Week” roundtable Sunday, conservative columnist George Will questioned the mathematical soundness of the Romney-Ryan tax cut plan. It’s estimated to cost trillions of dollars but Mitt Romney vows that it will be revenue neutral by closing unspecified loopholes on high-income taxpayers.
“There is uncertainty surrounding the Romney-Ryan tax cut plan, because they have not specified the deductions that will be closed,” Will said. “And we know where the big money is: mortgage interest deductions, charitable deductions, taxing that’s compensation, which it is, employee-provided health insurance, and state and local taxes. All of those, you either hit only the rich, in which case you don’t get much money, or you hit the middle class.”
Asked to provide details of their plan in separate interviews on Sunday talk shows, Romney and Paul Ryan repeatedly declined.