Skip to comments.Ryan calls for ending oil subsidies
Posted on 04/28/2011 3:35:00 PM PDT by Hawk720
House Budget Committee Chairman Paul Ryan called for ending oil subsidies Thursday, further complicating Republican efforts to stay on message about rising gas prices.
The Wisconsin Republican told constituents at a Waterford, Wis., town hall meeting that he agreed that federal oil subsidies ought to end.
Were talking about reforming the safety net, the welfare system; we also want to get rid of corporate welfare. And corporate welfare goes to agribusiness companies, energy companies, financial services companies, so we propose to repeal all that, Ryan said in response to a question about oil subsidies.
A video of Ryan's town hall meeting was circulated by Think Progress, a blog run by the liberal-leaning Center for American Progress Action Fund.
In a statement to POLITICO, Ryans office said the House-passed 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. Elsewhere, we state that subsidies for all energy companies need to be reduced or eliminated so that we can get government out of the business of picking winners and losers in the market.
(Excerpt) Read more at politico.com ...
How about ending corn subsidies.
Ryan turns RINO.......ugh
Which subsidies are those?
How about ending big tax hikes against oil.
i would like a popcorn subsidy. cost more than the movie now.
Ryan seems like a bright guy. Why is he conflating tax breaks to private businesses with reforming public entitlement money pits that generate no tax revenue and create no jobs? Ryan realizes that any additional costs to a private business gets passed on to the end user, right?
VERY disappointing statement by Paul Ryan. I hope he can explain his thinking on this issue, because to me, it will only increase food and energy costs.
How about GE and GM and ADM? and other ‘connected’ companies?
It's a message to the American people that the oil companies and NOT Obama and his policies that are responsible for the high gas prices.
The republicans are taking this issue off the table for us to use and before these republicans are done with their crying in public the only thing we will have left to run is the Obama birth certificate.
It sounds like they want the Arabs to win. Domestic production will take another hit.
I give up.
To Hell with the GOP.
End all subsidies.
No other option.
“Which subsidies are those?”
Good question. Maybe he is talking about tax increases.
ALL of them. I am disgusted that we are paying them ion the first place.
AND those few billion take away a big gun from the dumbles. You simply cannot justify paying corporations subsidies.
Oil subsidies only represnt $4 billion per year. Meanwhile the price increase from ~$70 per barrel to $110 per barrel over the 8 million barrels produced daily by domestic oil companies represents ~$117 billion dollars per year. The oil companies don’t need the subsidies.
I only hope that the GOP is smart enough to get something (from the president) in return for giving up the oil subsidies...like opening up more federal lands and offshore territory to drilling.
The democrats aren’t going to cut subsidies to big wind.
What's Chuck Grassley ("Ethanol is the only reliable, legitimate alternative to crude oil") got on Paul Ryan?
I totally agree with him and he needs to nail Obama to the wall with the hypocrisy of the Liberals....
of course we will end subsidies for Oil companies as well as Corn, Wind, Solar, and other useless, (so called green renewable) non-evolving technologies that have been struggling for years and will never ever evolve to meet America’s current or future energy needs but we must also say that isn’t it time Mr. President to stop playing the political games with the Oil industry and stand up for the people that are being hardest hit with these high energy prices, isnt it time to drill here and drill now to help the struggling middle class cope with the rising gas prices?
I bet the Oil companies wouldn’t care a bit about subsidies if the government would remove the boot from their neck and allow them to drill the massive amounts of energy we have here in America.