Ryan on inversions: "You do the math"

CREATED Aug 27, 2014

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  • CHICAGO, IL - AUGUST 21: U.S. Rep. Paul Ryan (R-WI) answers a question while he is interviewed by former Republican presidential candidate Mitt Romney at the Union League Club of Chicago August 21, 2014 in Chicago, Illinois. The duo was on hand to promote Ryan's new book, "The Way Forward." (Photo by John Gress/Getty Images) Image by Getty Images

Rep. Paul Ryan joined Charlie Sykes today to discuss his new book, "The Way Forward: Renewing the American Idea." 

The duo also talked about inversions, when U.S. businesses buy foreign companies and reincorporate outside the U.S. to avoid paying U.S. taxes.

"Canada has a 15 percent corporate tax rate. It's 35 percent in the United States," Ryan said. "You do the math."

For more from Wednesday's interview, listen to the SoundCloud file above.