Monday, August 22, 2011

Paul Ryan Tries To Create Tax Loopholes For His Biggest Donors

Jennifer Bendery on Huffington Post:

House Budget Committee Chairman Paul Ryan (R-Wis.) has for months argued for closing tax loopholes as a way to pay for his proposed tax cuts. But it turns out he has a penchant for creating those same loopholes when it comes to helping out his biggest donors.

Since unveiling the House GOP budget in the spring, Ryan has been touting provisions aimed at ending tax loopholes and deductions in exchange for lowering tax rates in general...
His history is just the opposite, seeking to expand loopholes for his donors. For example:

Take S.C. Johnson & Son, one of Ryan's biggest donors. The multibillion-dollar company, which is based in Ryan's district and manufactures popular cleaning products like Pledge and Windex, donated $41,092 to the congressman between 1998 and 2012, according to

Ryan introduced two bills in May 2005 that would have granted the company special exemptions from tariffs. Specifically, his bills sought to suspend duties for imported components of "unique air freshener products … assembled by S.C. Johnson in the United States," Ryan said during floor remarks at the time. Neither bill advanced.
No surprise they didn't go anywhere. Ryan has passed two bills since 1999, and one was to name a post office for Les Aspin, his Democratic predecessor.

More examples here.

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