Ryan: Specifics To Romney Tax Plan Will Be Sorted Out By Congress

In an interview with the Christian Broadcasting Network’s David Brody that will air in full on Friday, vice presidential candidate Paul Ryan said that specifics associated with the Republican ticket’s tax plan will emerge when he and Mitt Romney work with Congress to iron out a deal.

David Brody: “There are some conservatives that have spoken out saying they want to see some more specifics from the Romney/Ryan team and one thing that comes up, at least from the liberals is tax loopholes. Is there a reason you guys aren’t naming specific tax loopholes?”

Paul Ryan: “Yes because we want to get it done. Look, I’ve been on the Ways and Means Committee for 12 years. I’m very familiar with how to make successful tax reforms take place. Ronald Reagan and Tip O’Neil did it in 1986 but we haven’t done it since 1986 for lots of reasons which is we don’t want to presume to say ‘here’s exactly our way or the highway take it or leave it Congress.’ We want to say this is our vision, lower tax rates across the board for families and small businesses and work on the loopholes that are enjoyed by the higher income earners, take away their tax shelters so more of their income is subject to taxation. That lowers everybody’s tax rates. And we have to be able to work with Congress on those details, on how to fill it in and more to the point we don’t want to cut some backroom deal that they did with Obamacare where we hatched some plan behind the scenes and they spring it on the country. We want to do this in front, in the public, through congressional hearings with Congress so that we can get to the best conclusion with a public participation. That’s the process that works the best to ultimate success gets this done. That’s why we’re doing it this way.”

ABOUT THE AUTHOR

Tom Kludt is a reporter for Talking Points Memo based in New York City, covering media and national affairs. Originally from South Dakota, Tom joined TPM as an intern in late-2011 and became a staff member during the 2012 election. He can be reached at tom@talkingpointsmemo.com.
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