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That would drive tax rates up sharply for most people, which might reduce budget deficits.
The sale will increase government revenue and thus reduce budget deficits, it is said.
Most countries in Europe need to undertake economic reform and reduce budget deficits.
The panel's task is to reduce budget deficits by at least $1.2 trillion over 10 years.
More revenue would also reduce budget deficits, helping to put the nation's finances on a stable path.
Given the need to reduce budget deficits, governments will be looking to reduce health-care expenditure or increases taxes.
Spending cuts tend to reduce budget deficits more effectively than tax increases, so these should not be delayed.
Mr. Ryan says he would use the money to shore up Medicare and to help reduce budget deficits.
Top Giuliani aides said the main motivation for the more modest tax cut plan was to reduce budget deficits that are expected in the next several years.
Many governments, like Germany's, have been mesmerized by the prospect of windfalls that would enable them to either reduce budget deficits or shore up existing programs.
They believe that such cuts will reduce budget deficits and make their economies more productive by making people compete more vigorously.
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