According to Ryan, the naysayers and defenders of the status quo are already spreading the same recycled stale criticisms about GOP’s tax reform plan. He told conservatives that these critics “helped rig our tax system.”
“I say: Let’s have this debate. Let’s tackle these baseless arguments head on,” he told the conservatives.
In late September, the White House and Republican leaders unveiled a tax reform framework. It will serve as basis for negotiation to develop legislation to fix the country’s tax code.
During his speech on Thursday, Ryan said the GOP’s tax plan will provide “real relief” to the middle class. It will reduce the tax bracket to three, lower the rates, and double the standard deduction. The tax plan will also offer bigger child tax credit. The tax code will become fairer and simpler for everyone.
Ryan said, “We are throwing out the special-interest loopholes that riddle the code.” He pointed out that it would be greatest nightmare of the defenders of special interests.
The House Speaker also rejected the arguments of those who oppose cutting the corporate tax rate. He said their “proposition is the most off base.” He noted that former President Barack Obama supported reducing the corporate tax rate.
