Subscribe

Ryan on Romney Tax Plan: 'It Would Take Me Too Long' to Explain

GOP vice presidential nominee Paul Ryan insists that Mitt Romney’s plan will lower taxes for all Americans, but you’ll just have to take him on his word. When asked by “Fox News Sunday” host Chris Wallace about the plan’s specifics, Ryan said he did not have enough time to explain it.

“It would take me too long to go through all of the math,” Ryan said. He added, “But let me say it this way. You can lower tax rates 20 percent across the board by closing loopholes and still have preferences for the middle class for things like charitable deductions, home purchases, for health care. What we’re saying is people are going to get lower tax rates and therefore they will not send as much money to Washington.”

The nonpartisan Tax Policy Center has already said Romney’s plan would actually raise taxes for most Americans, and that the rich would benefit from it the most. Minor details to Ryan, of course.

— Posted by Tracy Bloom.

Tracy Bloom
Assistant Editor
Tracy Bloom left broadcast news to study at USC's Annenberg School for Communication and Journalism. There she eventually became deputy editor of Neon Tommy, the most-trafficked online-only college website in…
Tracy Bloom

Now you can personalize your Truthdig experience. To bookmark your favorite articles, please create a user profile.

Personalize your Truthdig experience. Choose authors to follow, bookmark your favorite articles and more.
Your Truthdig, your way. Access your favorite authors, articles and more.
or
or

A password will be e-mailed to you.

Statements and opinions expressed in articles and comments are those of the authors, not Truthdig. Truthdig takes no responsibility for such statements or opinions.