If Mitt Romney Thought Paul Ryan Would Change The Subject From Taxes…

Much of the media is heralding Mitt Romney’s selection of Wisconsin representative Paul Ryan to be his running mate as a significant “reset” of the Romney campaign. But these people might want to think again before they shake the Etch-a-Sketch.

First of all. the clamor for Romney to release more than a year or two of taxes is not likely to recede in light of the fact that Romney demanded more than that from Ryan in order to be considered for the vice-presidential nomination. It will be difficult to justify why Romney needs more tax information for his VP nominee than the American people need for president.

Secondly, Ryan’s reputation rests largely on his budget proposal that includes huge tax reductions for those who earn more than $200,000, while raising taxes for low and middle income taxpayers. Romney is already attempting to distance himself from Ryan’s plan saying that he has his own plan, but since Romney has previously praised the Ryan scheme on multiple occasions, he can’t credibly disavow it now.

Finally, Ryan’s plan calls for the elimination of capital gains taxes. Since that was almost the entirety of Romney’s income in 2010 (the only year for which he has released tax returns), Romney’s taxes would go down to nearly zero.

Romney's Taxes Under Ryan Plan

These are not the sort of talking points that are likely to divert attention from the tax issue that has been eating away at Romney like rust on ’57 Rambler. To the contrary, Ryan only exacerbates the problem for Romney.