Rep. Paul Ryan (R-WI) said Sunday on CBS’ “Face The Nation” that House Republicans will flesh out the tax proposals in his budget “this year.”
“We are saying let’s have revenue neutral tax reform. What does that mean? That means take the current amount of revenue that’s coming from the tax code and replace it with a better tax code — one that the Ways and Means Committee will write this year.”
Ryan’s budget calls for trillions of dollars in tax cuts and promises to make up for them by closing tax deductions and loopholes, although he hasn’t specified any. His remarks suggest that his House colleagues will identify them this year.
