GOP budget chairman Ryan shows support for ending oil subsidies

[Geee]

The Hill:

House Budget Committee Chairman Paul Ryan (R-Wis.) opened the door Thursday to supporting a plan to eliminate oil industry tax breaks even as House Speaker John Boehner (R-Ohio) and other Republicans have distanced themselves from the proposal.

“The House-passed FY2012 budget resolution clearly states that as part of an overall corporate tax reform, tax loopholes and deductions for all corporations should be scaled back or eliminated entirely. That obviously includes oil companies,” Ryan spokesman Conor Sweeney told The Hill in an email.

Ryan’s budget resolution, Sweeney notes, also calls for eliminating tax breaks for clean energy technologies and expanding domestic oil and gas production.

But Sweeney also noted that Ryan and other Republicans have “made clear we are not for raising taxes.” The GOP has cast a plan to cut billions of dollars in oil industry subsidies as an additional tax on energy companies.

Think Progress reported earlier Thursday that Ryan appeared to endorse the proposal to slash oil industry tax breaks at a town hall in Wisconsin.

Asked about ending the oil industry breaks, Ryan said: "We’re talking about reforming the safety net, the welfare system. We also want to get rid corporate welfare. And corporate welfare goes to agribusiness companies, to energy companies, financial services companies. So we propose to repeal all of that."

[clearvision]

I don't have a problem with eliminating the oil tax breaks, just don't take the money and then increase the tax breaks for "green" stuff. Need to get rid of all the tax breaks, too much influence peddling going on.

[SrWoodchuck]

I agree with you, Clearvision!

 

This could be a real test of ethics for our Republican Congressmen & Senators, as the lobbying dollars are sure to flow from those entities, to defeat ending subsidies. [Most Congressional Democrats seem to have no ethics]

[Casino67]

McCormackJohn John McCormack (Twitter)

 

Ryan's 19th and final townhall concludes w another standing ovation.

 

_____________

 

I wonder if the left MSM will report this? They were happy to report on the ones that were disrupted by the progs.