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

[trailmonkee]

Source: tpm

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.”


Read more: http://livewire.talkingpointsmemo.com/entry/ryan-specifics-to-romney-tax-plan-will-be

[eppur_se_muova]

1. If Congress is going to do all the work, we don't need Ryan or Romney. nt

[rfranklin]

28. Remember what Norquist said about the rubber stamp President?

In a speech he made at CPAC this year, Grover Nordquist articulated out loud a case for Mitt Romney that you usually hear only whispered by other conservative leaders. It appears Republicans have reconciled themselves to a Romney candidacy because they see Romney as an essentially weak and passive president who will concede leadership to congressional conservatives:

"All we have to do is replace Obama . . . . We are not auditioning for fearless leader. We don't need a president to tell us in what direction to go. We know what direction to go. We want the Ryan Budget. . . . We just need a president to sign this stuff. We don't need someone to think it up or design it. The leadership now for the modern conservative movement for the next 20 years will be coming out of the House and the Senate."
http://www.sodahead.com/united-states/grover-nordquist-romney-will-be-a-passive-president-who-will-do-as-hes-told-by-congressional-conse/question-2610261/

[eppur_se_muova]

34. Well, sure, that's what the **R's** need -- but why should anyone else need R&R ?

Doesn't sound like an effective campaign strategy to me, to say that "it's not important who sits in the White House, please put us in the White House."

[oldbanjo]

40. Your 100% correct.

[liberal N proud]

2. In other words Romney and Ryan do not have a plan!

Romney and Ryan do not have a plan!

Romney and Ryan do not have a plan!

Romney and Ryan do not have a plan!

Romney and Ryan do not have a plan!

Romney and Ryan do not have a plan!

Romney and Ryan do not have a plan!

Romney and Ryan do not have a plan!

Romney and Ryan do not have a plan!

[grattsl]

3. We will leave it to congress, because we don't actuall have a "Plan."

At least that's what it sounds like to my ears. If this is the reason why people should vote for a candidate , shouldn't that candidate at least work out enough of the numbers so that we are voting for more than "it might work"? In the least give a reason to believe a "do nothing" congress will do something. All in all it just sounds weak.

[oldbanjo]

41. Mitt the mouse is

planing on letting the Republican party RAPE the Poor, the sick, the old and help the rich.

[reflection]

4. same thing this shitheel keeps saying

"we want to do this thing out in public where everyone can see it"

"ok, throw me a bone, give me just one specific thing so the public can hear it"

"oh HELL no, I can't do that" (snort)

[Raven]

5. Sure Paul, leave it to a do-nothing Congress with

the lowest approval ratings in history. Brilliant!

[oldbanjo]

42. Their are a do nothing Congress

to hurt Obama, they plan to do a lot to screw the poor, the old and the sick. They will work hard to f*** the 99%.

[Cosmocat]

6. So ... NOW ... the upper income earners are going to pay MORE?

It is driving me MAD that the "liberal media" is not picking up on this ...

Their whole schtick, the WHOLE premise of the republican economic scam, is to sell the cut taxes for the wealthy so they create jobs boondoggle.

THAT is what Mitt Romney has run on, THAT IS WHAT HE HAS SAID REPEATEDLY for five years now.

Cut the taxes of the "job creators!"

What THIS fricken LIE they are spewing now is the DEMOCRATIC tax concept - a PROGRESSIVE taxation where they middle/lower class have a somewhat lesser tax burden so they have the money to actually buy stuff, while the upper income earners pay more in taxes to pay for things and not horde it.

What Romney and Ryan have been pitching for the last week now is a COMPLETE and TOTAL reversal of the republican position on taxes.

Why is this not questioned, and further, if they hold to it, outside of their deranged hatred for Obama, what reason is to elect them to enact the same tax paradigm this president is looking to enact?

[Amonester]

36. Yeah, rrright... like everyone sane should start believing anything pauLyan says!

flip
flop
flip
flop

[mojo2012]

7. There They Go Again

Multiple Choice Romney & Lyin' Ryan cross wires again...didn't Romney just say he was coming out with more specifics? (supposedly)

[Roy Rolling]

8. Lemmee get this straight

So they are gonna work a compromise in Congress the way they have fought against compromise in Congress for the last 6 years?

[valerief]

14. That's about it in a nutshell!!! nt

[Yo_Mama_Been_Loggin]

9. Hey Ryan

Do your fucking job and provide some specifics.

[6000eliot]

10. Do they honestly expect people to buy this horseshit?

[Hissyspit]

22. Yes.

They do.

[onehandle]

11. 'Taxes are for the little people' nt

[Overseas]

12. Hey Lyan-- the people want to sort out Mitt Rmoney's tax returns for the past 10 years first.

[oldbanjo]

43. I think this is one of the most important items

the people in this Country should demand that the IRS check out his past taxes, he's hiding something.

[Overseas]

46. We should keep demanding that he disclose like other candidates have. He should disclose.

Others disclosed by themselves. He should too.

[jsr]

13. Sounds like a plan to me

[svip]

15. Wait, what?

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.’

In one sentence he claims that since he has been on the Ways and Means committee for 12 years, he knows how to get successful tax reform done. Then in the very next sentence, he claims successful tax reform has not happened for 25+ years.

I guess since I played football from PeeWee football to High School for 11 years, I know what it takes to be a successful NFL player. Still waiting on my NFL call.

[randome]

20. Good observation!

About the taxes, not your football chances! Welcome to DU!

[thecrow]

16. "just trust us!"

mmmm hmmm

[BootinUp]

17. The Romney/Ryan campaign is just a total joke at this point

Its getting really hard for me not to laugh out loud at each and every story about it.

[truthisfreedom]

18. Actually not. Congress will never be saddled with the Ryan/rMoney nonsense.

Buh-bye, Ryan!

[msanthrope]

19. That's a good plan, Ryan. Leave it to the political entity polling worse than you. nt

[Hissyspit]

21. "Paul D. Ryan, Suuupergeeenius."

He likes the way that rolls of the tongue. "Paul D. Ryan - Soooooooopergeeeeniiius."

[evilhime]

23. Wow

He's so full of shit I'm surprised his eyes aren't brown!

[FailureToCommunicate]

24. Sorry Ryan, It will be sorted out by the voters!

If they-we- all vote!

Hint, hint...

[indypaul]

25. You mean the ones who have already

sold their hearts, souls and votes to Grover Norquist? No Thanks.

[oldbanjo]

44. A true Republican and

a racist SOB will Vote for him.

[Fresh_Start]

27. So there is no Romney tax plan...its more of the same with the COngress tax plan

remind us again, why we need you Romney/Ryan?

[subterranean]

29. The key here is the word "income."

Ryan says he will "work on" the loopholes enjoyed by the higher income earners "so more of their income is subject to taxation." The trick is, he does not consider capital gains to be income. Many of the richest people, like Romney, make most of their money from capital gains and dividends. Ryan wants to eliminate the already-low tax on those entirely. He also wants to eliminate the estate tax, which only affects the rich but which Republicans also do not consider to be "income." Of course, hedge fund managers will need to keep their carried-interest tax break, which would reduce their taxes to near zero under Ryan's plan. But I'm sure the same Congress that has a 10% approval rating will find some other minor loopholes to close (which will be quietly reinserted later when no one is paying attention).

[DallasNE]

30. Ryan Must Be Stupid

If he thinks Congress will pass a bill that does away with, say, the mortgage interest deduction in order to give Romney another tax cut when he already pays at a lower rate than average Americans. Congress has to run the numbers past CBO for scoring and that is when we find out the numbers don't add up. That is why we need the details now -- to head off more grid lock Romney/Ryan Cannot lead from behind on this issue. Besides, if Ryan wants to talk about taxes, lets talk about Romney releasing more years of his tax returns -- after all, he demanded 10 years of tax returns for all of his VP candidates so what is good for the goose is good for the gander. Romney/Ryan need to come clean on taxes, whether is is Romney's tax returns or tax policy going forward. Transparency is a minimum requirement not some abstraction.

[julian09]

35. He wants to decrease tax rate by 20% accross the board, after closing loopholes that 20% cut and

other cuts, there will still be deficit. Millionares will be paying less on larger amount, making it revenue neutral, no higher taxes paid by
millionares, making it comply with oath to Norquist. The savings will come from new deal cuts, medicare and poverty program cuts.
Don't forget he wants to increase defense spending, for red states on systems military doesn't want or need.

[DallasNE]

37. Getting Back To Taxes

By definition revenue neutral means some people will get cuts and other people will get increases. That is why we need details -- so we can learn who the winners and losers are. And that gets us to the next point, why change anything if it is revenue neutral? There is no clarity coming from Romney other than guidelines on rates where he is clear regarding a 20% cut in rates. For non-itemizers that would mean a 20% cut in personal exemptions and the standard deduction. For those that itemize it would mean the elimination of 20 percent of their current deductions. Over 90% of those deductions are 3 items; charitable contributions, State and local taxes and home interest so something would have to give there, but what? Keep in mind too that the personal exemption is going down and that complicates the formula. If Romney leaves the personal exemption alone then deeper cuts would have to be made in deductions making it necessary to move on charitable donations and home interest. No wonder Romney refuses to talk details.

[triplepoint]

31. Reminds me of nixon/noxon's secret plan to end the Vietnam War

--Without providing details, he asked people to elect him on that promise. SIX years and MANY lives later, noxon declared victory in Vietnam.

[DallasNE]

38. That Is A Point I Make Often

The similarities don't end with the secrecy either. The lack of ability to connect with voters. The approach to governance. It is like Romney is a reincarnation of Nixon.

[bamacrat]

32. Their ideas, if posed to the American people who doom theirs and the GOPs hopes..

The loopholes they want to close mostly affect the middle class. Its not a tax increase for the poor its tax reform that favors the rich..

[BumRushDaShow]

33. "we don’t want to cut some backroom deal that they did with Obamacare"

He's full of shit because I actually watched the various healthcare summit meetings with the President and Ryan's ass was in there mostly talking gibberish and throwing out nonsensical numbers as fast as his lips could move. And he was even highlighted by the President as someone who wanted to provide input to to the process. I didn't even know who the hell he was at the time.

What an arrogant lying prick.

[Zorro]

39. Now that's real presidential leadership!

You know, the kind of real leadership that leads!

Of course, it beggars the question: Why isn't Ryan exercising any Congressional leadership right now to work with the president to address the impending fiscal cliff?

[daybranch]

45. no plan

even under perfect conditions of no Congressional interference Romney and Ryan cannot show a plan which would appeal to voters and at the same time to wealthy donors. Tough huh? and hidden away. If these scumbags are elected we can tell you who their hidden plan will appeal to.