Ryan: We Will Eliminate Harmful, Burdensome Taxes

‘We will consolidate the existing seven brackets into three’

EXCERPT:

RYAN: "First, we will eliminate harmful, burdensome taxes including the death tax and Alternative Minimum Tax. Next, we will clear out special interest carve outs and excessive deductions, and focus on keeping those that make the most sense: home ownership, charitable giving, and retirement savings. We will consolidate the existing seven brackets into three, double the standard deduction, and simplify things to the point that you can do your taxes on a form the size of a postcard. Wouldn’t that be nice? And finally—and most importantly—we will use the savings from eliminating these loopholes to lower tax rates."

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