• With: Rep. Paul Ryan

    RYAN: It's a raw deal, and I think it's more crony capitalism. The president likes picking winners and losers. He likes some businesses off the hook with "ObamaCare," but he's not going to let families and small businesses off the hook. He wants to help his green energy cronies, but he won't help us get the oil and gas we have in this country. Now he's saying he's willing to cut taxes on large corporations -- I'm all for that -- but not on small businesses.

    VAN SUSTEREN: Why not? Why doesn't he want to cut it on small business?

    RYAN: You're going to have to ask the president this question, but 80 percent of American businesses, they don't file their taxes as corporations...

    VAN SUSTEREN: They do it as individuals.

    RYAN: They do it as individuals. And the top individual tax rate now is effectively 44.6 percent. So a 44.6 percent tax rate on successful small businesses, that's where most of our jobs come from, and he's saying a 28 percent tax rate on large corporations. That's not fair.

    And so we want fairness. And so when we do tax reform, as we are doing it in the House, we want fairness. We want tax rates coming down on everybody -- small businesses, families and corporations, not just corporations.

    VAN SUSTEREN: What do you think about the way that Senator Orrin Hatch and -- over in the Senate has been talking about basically, you know, get rid of all the deductions and let every sort of member of the U.S. Senate come to him with deductions that should be included in.

    RYAN: I think it's great. It's exactly the process we're going through in the Ways and Means Committee in the House, as well.

    VAN SUSTEREN: So when are we going to see tax reform?

    RYAN: This fall.

    VAN SUSTEREN: What's your expectation?

    RYAN: This fall, our -- I can speak for the House, the House Ways and Means Committee. We plan on rolling out tax reform this fall. And what that means is, get our tax rates down, close loopholes, broaden the tax base. The idea being it's your money in the first place, you keep it.

    Instead of having really high tax rates with a bunch of loopholes, where you send your money to Washington, we switch it around in (ph) bureaucracy. And then if you engage in behavior that we approve of, we'll let you have some of your money back.

    That's crony capitalism. It isn't working. It's hurting job creation. It's making it harder for families to get by. Lower everybody's tax rates across the board, you create more jobs, more economic growth, more take-home pay. That's what we're all about. And that's what we're going to be -- we're going to be bringing this out in the fall.

    VAN SUSTEREN: All right, a quick question. Estate taxes, will that be -- what's -- what do -- what do you predict?

    RYAN: Everything's on the table.

    VAN SUSTEREN: Everything is?

    RYAN: I'm not going to go into the specifics because we're still getting input from around the country and from our colleagues, just like Orrin and Max are doing in the Senate. We're gathering that input, we're putting it together. Everything's on the table.

    VAN SUSTEREN: Congressman, we want to get your reaction to a new poll. Take a look. Your favorability is 65 percent. You're in first place. Senator Rand Paul is next with 55 percent, followed by Senator Marco Rubio with 50 percent, Governor Chris Christie with 47 percent.

    What do you think about those results?

    RYAN: I'm an Irish Catholic. I have a lot of relatives. They probably were part of that poll.

    VAN SUSTEREN: No, seriously!

    (LAUGHTER)

    RYAN: I don't know.

    VAN SUSTEREN: What do you think about that?

    RYAN: It's very nice. Look, I really enjoyed going around the country and meeting a lot of people. My family loved it. We got to meet so many people who are passionate and care about their country. So I had this benefit of spending 90 days criss-crossing America, fighting for the American dream. We didn't win the election. We got close. But it was a real honor. So I'm just honored to have had this opportunity to get to know a lot of people.

    VAN SUSTEREN: What -- what are your plans? I know you're going to say I -- let me guess. You're going to come back. You're going to say, We did the tax code, we can do the debt ceiling, all that. But I mean, seriously, long-term, what's your...

    RYAN: I don't -- to be honest with you, Greta, I don't -- I'm not thinking long-term right now. I'm thinking right now. I'm thinking where the country is today. I'm thinking of the problems we've got. They're serious. And I'm thinking what can I do as a leader in the House, as the chairman of the Budget Committee, to make a big difference for my country, for the people I represent, to get people back to work, to get this economy growing, to bring accountability to the federal government, to try and reduce the arrogance of power out here in Washington.

    Those are the things I'm working on. There are a lot of specific policies I can get into. But the way I see my job is to do it well and not worry about the next thing. I'm not focusing on that right now because we have a lot of work to do in the House.

    VAN SUSTEREN: You know who I miss is Senator Proxmire from the state of Wisconsin with the Golden Fleece Award for all the ridiculous...

    RYAN: I shook his hand...

    VAN SUSTEREN: ... waste and fraud...

    RYAN: ... every time I went to a Badger game.

    VAN SUSTEREN: Yes, you know, it's, like...

    RYAN: He was always there.

    VAN SUSTEREN: ... we need to focus on waste on fraud, as well. Agreed?

    RYAN: Absolutely.

    VAN SUSTEREN: All right. Congressman, thank you. Always nice to see you, sir.

    RYAN: You, too, Greta. Thanks.