Ryan talks taxes in weekly podcast
October 13th, 2012
07:38 PM ET
10 years ago

Ryan talks taxes in weekly podcast

(CNN) - Republican vice presidential candidate Paul Ryan delivered a weekly podcast Saturday, charging President Barack Obama with raising taxes and further burdening the middle class.

For their part, Ryan and GOP presidential nominee Mitt Romney "will start with a permanent, across-the-board, 20% cut in marginal tax rates," Ryan said in his remarks.

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"Then we'll eliminate current rates on interest, dividends, and capital gains for anyone making less than $200,000 a year," he continued, citing other aspects of the proposal.

"And we will reform the tax code to make it simpler, fairer, and more competitive," he said.

The presidential tickets' differences on taxes played out on stage this month at the first presidential debate as well as the matchup between the vice presidential candidates. On Thursday, Ryan and Vice President Joe Biden argued over whether the GOP plan is "mathematically possible." Biden stipulated it would not be possible to cut rates and preserve middle-class deductions without adding to the federal deficit and debt.

At the presidential debate on October 3, Obama and Romney also sparred over the GOP challenger's tax-cut model. Romney pledged not to sign a tax plan that would increase the deficit or "reduce the burden paid by high-income Americans," while Obama charged Romney's model would cost $5 trillion.

Both Romney and Ryan have said their proposal will lead to increased economic growth.

"Do that, and our economy will come roaring back to life," Ryan said in his weekly podcast. "President Obama's tax plan will kill 700,000 jobs. Our tax plan will create 7 million new jobs and provide the kind of tax relief that our middle-income families and small businesses need."

Obama, Ryan said, "raised taxes 21 times" and would continue to raise taxes if re-elected, while the GOP ticket would lead to "a real recovery."

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Filed under: 2012 • Paul Ryan • Taxes
soundoff (31 Responses)
  1. anonoymous

    Again Mr Ryan what is your plan?

    October 14, 2012 02:56 am at 2:56 am |
  2. anonoymous

    But he doesnt exlplain his running mate's failuree to release 10years worth....

    October 14, 2012 06:17 am at 6:17 am |
  3. Jim

    So I can take a 20% cut in pay and buy a nice car if I believe in in the Romne/Ryan plan.
    The middle class is going to be hurt if these guys get in.

    October 14, 2012 07:29 am at 7:29 am |
  4. Gurgyl

    Why not you ask him to show his 10 years of taxes?????????????????????

    October 14, 2012 08:13 am at 8:13 am |
  5. GI Joe

    Lies lies lies lies lies.

    It's the old Karl Rove playbook. Accuse others of what you're doing yourself. That's all Ryan Romney have. No core, no details, nothing.

    October 14, 2012 08:20 am at 8:20 am |
  6. GI Joe

    Koch Brothers Industries is threatening to fire people if they vote against Romney.

    So is Murray Coal in Ohio.

    The FBI is investigating shady donations and coercion in a lot of these cases. Interesting.

    October 14, 2012 08:59 am at 8:59 am |
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