Paul Ryan was on Fox News Sunday with Chris Wallace. He’s the serious candidate with the vision to transform our government for the 21st century, slice the debt and create millions of jobs without breaking a sweat.
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 given 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 tax rates.
For the record, the Romney-Ryan campaign has yet to specify exactly what loopholes they would close, though one might wonder how eliminating the mortgage interest deduction would help the middle class. Just trust them. 12 million new jobs!
Ryan exited, explaining he had a lot to do with the rest of his day: run a 2-hour marathon, cook a gourmet 12-course meal, and politely resist the advances of Christina Hendricks.