I've been frustrated this evening trying to find any specifics about the tax changes proposed by Paul Ryan and passed by the Republican House. I can't find anything apart from a vague outline of changing to a system of only two tax rates of 10% and 25% and making up the difference with elimination of unspecified tax deductions and "loopholes". Ryan appears to be proposing massive changes to our entire economy without having any idea how his own proposal would work. When asked if his tax policy would result in distributional changes (that is, would the rich and poor pay more, less or the same in taxes compared to what they pay now) last month of Fox News, Ryan refused to answer, saying "I don't know" and "It's impossible to answer that question".
While his budget claims hundreds of billions of dollars a year in eliminated tax credits and deductions, he makes no effort to state where exactly these vast sums will come from. He is essentially offering a "free lunch" of lower tax rates without explaining how the lower rates will be paid for. Such offsets would likely require changes to popular deductions like the mortgage interest deduction, which benefits just about all homeowners. By following the Romney tactic of hiding the true implications of your policy ideas, he is hoping to get Americans to vote for the benefits without discussing the costs.