MS. RADDATZ: Well, let's talk about this 20 percent.
VICE PRESIDENT BIDEN: Well – (chuckles) –
MS. RADDATZ: You have refused yet again to offer specifics on how you pay for that 20 percent across-the-board tax cut. Do you actually have the specifics, or are you still working on it, and that's why you won't tell voters?
REP. RYAN: Different than this administration, we actually want to have big bipartisan agreements. You see, I understand the –
MS. RADDATZ: Do you have the specifics? Do you have the math? Do you know exactly what you're doing?
REP. RYAN: Look – look at what Mitt – look at what Ronald Reagan and Tip O'Neill did. They worked together out of a framework to lower tax rates and broaden the base, and they worked together to fix that. What we're saying is here's our framework: Lower tax rates 20 percent – we raise about $1.2 trillion through income taxes. We forgo about 1.1 trillion [dollars] in loopholes and deductions. And so what we're saying is deny those loopholes and deductions to higher-income taxpayers so that more of their income is taxed, which has a broader base of taxation –
VICE PRESIDENT BIDEN: Can I translate?
REP. RYAN: – so we can lower tax rates across the board. Now, here's why I'm saying this. What we're saying is here's a framework –
VICE PRESIDENT BIDEN: I hope I'm going to get time to respond to this.
REP. RYAN: We want to work with Congress –
MS. RADDATZ: I – you'll get time.
REP. RYAN: We want to work with Congress on how best to achieve this. That means successful – look –
MS. RADDATZ: No specifics, yeah.