Republican presidential nominee Mitt Romney and his running mate, Rep. Paul Ryan (R-Wis.), stressed in interviews on Sunday that they would offset tax cuts for the wealthy by closing tax loopholes. But pressed on which loopholes they would close, both of them dodged the question.
"We think the secret to economic growth is lower tax rates for families and successful small businesses by plugging loopholes," Ryan told George Stephanopoulos on ABC's "This Week." "Now the question is not necessarily what loopholes go, but who gets them. High income earners use most of the loopholes. That means they can shelter their income from taxation."
"We think the secret to economic growth is lower tax rates for families and successful small businesses by plugging loopholes," Ryan told George Stephanopoulos on ABC's "This Week." "Now the question is not necessarily what loopholes go, but who gets them. High income earners use most of the loopholes. That means they can shelter their income from taxation."