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Paul Ryan explains more tax plan details

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“You are going to have a net tax rate reduction, a net tax liability reduction,” Ryan said when asked about those at the $150,000 level.

To accomplish this feat, Romney backs going after tax breaks “primarily” for upper-income individuals, Ryan said.

“You can lower tax rates across the board by 20 percent, primarily limit your deductions from those at the top end, and then get rid of all those nook and cranny special-interest tax expenditures ... and you can do this without raising taxes on middle-class taxpayers. This actually lowers their taxes,” he said.

For more on Ryan's comments, click here.