House Budget Committee Chairman Paul Ryan said it’s not his job to pinpoint which tax loopholes to close in his budget, which purports to save lots of money by limiting loopholes and deductions.
“That’s right. So that’s what the Ways & Means Committee is supposed to do. That’s not the job of the Budget Committee,” Ryan said on Fox News Sunday. “What we’re saying is, we want to do this in the light of day, not in some backroom deal. We want to have hearings in the Ways & Means Committee that Chairman Dave Camp has already started that work, to say what tax benefits should go, which ones are the ones that Washington is picking winners and losers, so we get to a cleaner, flatter tax code.”
Ryan was asked by Chris Wallace how much money he’d need to bring in to offset the large tax cuts in his budget, which the House GOP is preparing to vote on soon.
“There’s a trillion dollars a year of these kinds of loopholes that are built into the tax system,” he said.
Pressed again, Ryan declined to get specific on which ones he’d cut.
“I can’t because those decisions haven’t been made,” he said.
