Monday, 13 August 2012

On 60 Minutes, Romney and Ryan Showcase Cozy Relationship, Hazy Tax Plan

On Sunday night Mitt Romney and Paul Ryan sat down for their first joint TV interview with 60 Minutes and took the opportunity to highlight their newfound friendship. Romney praised Ryan's (questionable) knack for bipartisanship several times, and looked on with approval as his charismatic running mate attacked President Obama for his "fundamental lack of leadership." The duo are apparently so in step that they've started wearing matching outfits, and even share the same policy on disclosing financial information. When asked how many years of tax returns he released to the campaign, Ryan said it was "a very exhaustive vetting process," yet also a "confidential vetting process." Thus, he'll only be sharing two years of returns with the American people, just like his new boss.

The two were less clear on how a Romney-Ryan administration would affect Americans' taxes. Bob Schieffer didn't really ask any hard-hitting questions (and as Politico notes, that may be why Romney gave him another big exclusive), but he did have an interesting exchange with Romney about whether he believes in tax cuts for the rich:

As Jonathan Chait has discussed several times, a recent study by the Brookings Institution and the Tax Policy Center concluded that Romney's tax plan would require a tax increase for the middle class, while the richest Americans would pay lower rates and a lower share of the tax burden. At this point in the interview, Ryan jumped in to elaborate on Romney's plan:

If Ryan wants to take away Romney's tax shelters, maybe they aren't on the same page after all.


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