Vice President Joe Biden mocked Republican tax plans Thursday night, challenging his Republican opponent Paul Ryan to explain how he would pay for a 20 per cent across-the-board reduction in federal income taxes without cutting deductions for middle-class families.
Here’s their exchange, per the debate transcript:
RYAN: You can cut tax rates by 20 per cent and still preserve these important preferences for middle-class taxpayers.
BIDEN: Not mathematically possible.
RYAN: It is mathematically possible. It’s been done before. It’s precisely what we’re proposing.
BIDEN (laughing): It has never been done before.
RYAN: It’s been done a couple of times, actually.
BIDEN: It has never been done before.
RYAN: Jack Kennedy lowered tax rates, increased growth.
BIDEN: Oh, now you’re Jack Kennedy?
Ryan’s reaction is priceless.
Watch the video below:
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