On Fox News Sunday, Republican Vice Presidential candidate - Paul Ryan - had this back and forth with Chris Wallace with regard to the Romney/Ryan tax plan:
Wallace: "So how much would it cost?"
Ryan: "It's revenue neutral..."
Wallace: "No no, I'm just talking about cuts. We'll get to the deductions, but the cut in tax rates."
Ryan: "The cut in tax rates is lowering all Americans' tax rates by 20 percent."
Wallace: "Right, how much does that cost?"
Ryan: "It's revenue neutral..."
Wallace: "But I have to point out, you haven't give me the math."
Ryan: "No, but you...well, I don't have the time. It would take me too long to go through all of the math. But let me say it this way - you can lower tax rates by 20 percent across the board by closing loopholes and still have preferences for the middle class. For things like charitable deductions, for home purchases, for health care. So what we're saying is, people are going to get lower taxes."
When someone at Fox News (outside of Shepard Smith) seems fed up with the Romney/Ryan ticket's lies and generalities, you know they're in trouble. Besides the obvious non-specifics presented by Ryan in this exchange with Chris Wallace, the nonpartisan Tax Policy Center showcased that the Romney/Ryan tax plan would actually result in raised taxes for many middle-class Americans
http://thinkprogress.org/economy/2012/09/30/931121/paul-ryan-to-fox-news-i-dont-have-the-time-to-explain-how-we-will-pay-for-our-tax-plan/
http://www.huffingtonpost.com/2012/09/30/paul-ryan-tax-plan-mitt-romney_n_1926660.html
Wallace: "So how much would it cost?"
Ryan: "It's revenue neutral..."
Wallace: "No no, I'm just talking about cuts. We'll get to the deductions, but the cut in tax rates."
Ryan: "The cut in tax rates is lowering all Americans' tax rates by 20 percent."
Wallace: "Right, how much does that cost?"
Ryan: "It's revenue neutral..."
Wallace: "But I have to point out, you haven't give me the math."
Ryan: "No, but you...well, I don't have the time. It would take me too long to go through all of the math. But let me say it this way - you can lower tax rates by 20 percent across the board by closing loopholes and still have preferences for the middle class. For things like charitable deductions, for home purchases, for health care. So what we're saying is, people are going to get lower taxes."
When someone at Fox News (outside of Shepard Smith) seems fed up with the Romney/Ryan ticket's lies and generalities, you know they're in trouble. Besides the obvious non-specifics presented by Ryan in this exchange with Chris Wallace, the nonpartisan Tax Policy Center showcased that the Romney/Ryan tax plan would actually result in raised taxes for many middle-class Americans
http://thinkprogress.org/economy/2012/09/30/931121/paul-ryan-to-fox-news-i-dont-have-the-time-to-explain-how-we-will-pay-for-our-tax-plan/
http://www.huffingtonpost.com/2012/09/30/paul-ryan-tax-plan-mitt-romney_n_1926660.html
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