She would leave in place Mr Obama's health-care plan, repeal the sequester and raise taxes by $975 billion by eliminating breaks for the wealthy and for corporations, although (like Mr Ryan), she does not specify which.
President Obama has talked about eliminating breaks for partners at hedge funds and private equity firms — along with corporate jet owners, oil companies and others taking advantage of quirks in the tax codes.
Mr. Paulson has argued that it is possible to reduce corporate tax rates substantially by eliminating breaks like the tax credit for research and development and by simplifying the tax code.
Why wouldn't we eliminate tax breaks for corporate jets?
If you want to get boosters out of the picture, eliminate tax breaks for contributions to intercollegiate athletics.
Mr. Ryan said other groups showed it was possible to eliminate tax breaks and still reduce rates for everyone.
And members of both parties are interested in overhauling the tax code to eliminate tax breaks and simplify the laws.
Senator John Kerry, Democrat of Massachusetts, says he too wants to eliminate such breaks, except when it comes to beer.
The rise of video recorders based on hard disks, which can eliminate commercial breaks automatically during playback, could further reduce the effectiveness of traditional advertisements.
Last week, President Obama harshly criticized Republicans lawmakers for refusing to eliminate tax breaks like those for private jet owners, hedge fund managers, multinational oil companies and ethanol producers.
