Mitt Romney and Paul Ryan say they won't offer specifics about their tax plan until they negotiate with Congress. Ryan refused to say which tax loopholes the Romney-Ryan ticket would close in order to prevent his across-the-board 20% tax cut from adding to the massive deficit.
"We shouldn't be negotiating the details of tax reform in the middle of a campaign," said Ryan.
Romney tax plan depends on Congress
"What we've learned from experience - Mitt's experience as governor, my experience doing tax law is that you don't go to Congress and say, 'Take it or leave it; here's my plan," says Ryan in the Wall Street Journal.
OutFront tonight: Former Secretary of Labor for the Clinton administration Robert Reich and Mark McKinnon, former GOP presidential campaign adviser.
© 2012 Cable News Network. Turner Broadcasting System, Inc. All Rights Reserved.
| Advertise with us | About us | Help | Advertising Practices
There's evidently a deduction that these guys want to close without disclosing. Best guess is the mortgage interest deduction. The rich already have a maximum which they can deduct, so these Repubs will have no qualms about closing it off for the middle class. Of course, they wouldn't disclose it until after the election since several million voters will vote Dem as a result without the Repubs having the opportunity to do away with the mortgage interest deduction, then have Fox News put a spin on it that it was both the Dems' fault and good for Americans.