Ryan's 2010 Plan Would Tax Bus Driver...

Ryan's 2010 Plan Would Tax Bus Driver More Than Romney

Posted in the Minneapolis Forum

Smart Liberal

Minneapolis, MN

#1 Oct 2, 2012
Ryan's 2010 Plan Would Tax Bus Driver More Than Romney

NEW YORK -- It was Oct. 26, 2011, eons ago in political time. Newt Gingrich was beginning his climb in the polls. With Republicans divided, nobody was left to defend the memory of Ronald Reagan against President Barack Obama's suggestion that he might have supported the Buffett Rule.

But one brave conservative was willing to win one for the Gipper. A plucky, wonky Wisconsin representative rose to the Heritage Foundation rostrum to defend his political idol.

"Obama quotes Reagan as saying that bus drivers shouldn’t pay a higher effective tax rate than millionaires. Well, that’s a no-brainer. Nobody disagrees with that," Rep. Paul Ryan (R-Wis.) said. "But it is simply disingenuous to use this quote as evidence that Reagan would have supported the tax increases that Obama wants Congress to pass."

"Nobody disagrees with that": a simple statement of principle apparently shared by Obama, Ryan and Reagan alike.

But as questions continue to linger over Republican presidential candidate Mitt Romney's tax returns -- and his plans for tax code reform -- it might be worth taking a look at Ryan's tax plans and that humble, everyman bus driver.

Ryan's 2010 "Roadmap For America's Future" plan would have "eliminat[ed] taxes on interest, capital gains, and dividends." Eliminate capital gains taxes, Romney said in a January debate, and his tax liability would be "zero."
Smart Liberal

Chicago, IL

#2 Oct 3, 2012
"Obama quotes Reagan as saying that bus drivers shouldn’t pay a higher effective tax rate than millionaires. Well, that’s a no-brainer. Nobody disagrees with that," Rep. Paul Ryan (R-Wis.) said.

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