House Budget Committee Chairman Paul Ryan reiterated his position Thursday that tax reform is critical to job creation and changing the code, at least for big business, has bipartisan support on Capitol Hill. The Wisconsin Republican also said on MSNBC’s “Morning Joe” temporary tax rebates don’t create jobs.
“Bush tried temporary tax rebates, Obama tried temporary tax rebates, and they have proven not to create jobs,” Ryan said. “All this temporary, booster-shot stimulus didn’t work in the stimulus package, it didn’t work when the last administration tried these things.
“So we don’t want to go with ideas that have proven to fail, we want to go with ideas that have proven to succeed,” he said. “I think tax reform is really the key — and what I liked about the president’s speech, he had a sentence or two dedicated toward cleaning up our tax system.”
Ryan said business people he has recently spoken with said they want certainty and not repeated temporary measures, because they need to plan for the future and without knowing their tax and regulatory requirements they can’t move forward.
“There are a lot of Democrats who agree with us — and I think there is a shot at bipartisanship,” Ryan said about tax reform for businesses. “I really think we have a shot at this.
“Where I think it’s less likely is on the individual side of the tax code,” he said. “Because the president really seems to be clinging to this class warfare of higher taxes on individuals, which also hits these successful small businesses . . . but on the corporate side, he really seems to be open-minded, from what I can tell, on tax reform.”
Ryan said that corporate tax reform would create more federal revenue because it “would people back to work” and give businesses more opportunity, but added healthcare costs are also an impediment.
“That is among the biggest concerns I hear from businesses — because they have no idea how to measure the cost of this,” he said. “They haven’t made the decision of whether to keep healthcare for their employees or they drop healthcare for their employees. They’re in the middle of that very painful decision.”
© 2013 Newsmax. All rights reserved.