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Raising taxes. >> do you eliminate tax breaks? do you bring in new revenue by eliminating tax breaks for oil companies? >> we don't have a tax problem. the problem with our deficit is not because americans are taxed too little. the problem with our deficit is because washington spends too much money. >> the plan will actually reduce taxes for the wealthiest americans according to "the wall street journal" and conservative activists who are familiar with the ryan plan said they expect it to call for a fundamental overhaul of the tax system with a 25% top rate for both individuals and corporatio...

Gdp and it does all that without raising taxes. >> do you eliminate tax breaks? do you bring in new revenue by eliminating tax breaks for oil companies? >> we don't have a tax problem. the problem with our deficit is not because americans are taxed too little. the problem with our deficit is because washington spends too much money. >> the plan will actually reduce taxes for the wealthiest americans according to "the wall street journal" and conservative activists who are familiar with the ryan plan said they expect it to call for a fundamental overhaul of the tax system with a 25% top rate fo...

>> do you eliminate tax breaks? do you bring in new revenue by eliminating for instance tax breaks for oil companies? >> we don't have a tax problem. the problem with our deficit is not because americans are taxed too little. the problem with our deficit is because washington spends too much money. >> the plan will actually reduce taxes for the wealthiest americans according to "the wall street journal", conservative activists who are familiar with the ryan plan said they expect it to call for a fundamental overhaul of the tax system with a 25% top rate for both individuals and corporations co...

It would also change medicare to a voucher system and medicaid into a series of block grants to give states more flexibility. in addition, the plan is expected to suggest significant cuts in social security. okay, they're going there, and overhaul in the tax system with a 25% top rate for both individuals and corporations come paired to the current 35% top rate. >> let's listen to paul ryan in a minute. first, mark halperin, you --not you, the pundit class can no longer say the republicans just say no and propose nothing. they have -- oh, my gosh, they have jumped off the cliff on this one. th...

Is that a right figure or a wrong figure? >> it may be 3%, but it's half of small business income, because, obviously, the top 3% have half of the gross income for those companies that we would term small businesses. >> so how do they decide which companies they would term "small businesses"? h&r block told politico it has $1.5 million small business clients. but extending the tax cuts would benefit fewer than 1% of them. fewer than 750,000 people, one quarter of 1% of the country, would be affected by the top rate. so how small can this top 3% of small businesses be if they make half the smal...