ugonow
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Post by ugonow on Jun 29, 2011 18:44:55 GMT -5
In an interview for "This Week," Christiane Amanpour pressed House Budget Committee Chairman Paul Ryan, R-Wis., about these subsidies. "Would you back ending subsidies to oil companies?" Amanpour asked. "Oh yes," said Rep. Ryan. "I think we should clean up all those loopholes. And don't forget, there's a lot of corporate welfare spending that is in our budget put in there by both political parties because of powerful interests. We want to get rid of all that." Ryan's comments come as President Obama dedicated his weekly address to encouraging Congress to eradicate oil subsidies. "I do have a problem with the unwarranted taxpayer subsidies we've been handing out to oil and gas companies – to the tune of $4 billion a year," President Obama said in his address released on Saturday. "When oil companies are making huge profits and you're struggling at the pump, and we're scouring the federal budget for spending we can afford to do without, these tax giveaways aren't right. They aren't smart. And we need to end them." Rep. Ryan insisted that his proposed budget would discourage these loopholes and eliminate them for industries beyond simply oil companies. "What our budget does is we go after corporate welfare spending," Ryan told Amanpour. "There's corporate welfare spending on energy companies, both green and fossil energy companies. There's corporate welfare on large agri-business. There's corporate welfare on large financial companies. We want to get rid of all that corporate welfare."" abcnews.go.com/Politics/rep-paul-ryan-backs-ending-oil-subsidies/story?id=13502937
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Deleted
Joined: May 2, 2024 17:16:32 GMT -5
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Post by Deleted on Jun 29, 2011 18:47:12 GMT -5
Duct tape?
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handyman2
Senior Member
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Post by handyman2 on Jun 29, 2011 19:10:12 GMT -5
well sounds like Obama has been listening to Ryan. Bet some of his buddies in the oil states are not pleased.
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ugonow
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Post by ugonow on Jun 29, 2011 19:41:12 GMT -5
I fear this debt ceiling issue is just being used as a political tool. At citizens expense.
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djAdvocate
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only posting when the mood strikes me.
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Post by djAdvocate on Jun 29, 2011 21:38:06 GMT -5
well sounds like Obama has been listening to Ryan. Bet some of his buddies in the oil states are not pleased. my thoughts exactly. i feel a deal coming.
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Bluerobin
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Joined: Dec 20, 2010 14:24:30 GMT -5
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Location: NEPA
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Post by Bluerobin on Jun 30, 2011 6:01:30 GMT -5
Ventriloquist?
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ugonow
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Joined: Dec 21, 2010 10:15:55 GMT -5
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Post by ugonow on Jun 30, 2011 7:42:33 GMT -5
I can find Obama quotes attacking subsidies in 2008. This is not a new position for him.
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ugonow
Senior Member
Joined: Dec 21, 2010 10:15:55 GMT -5
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Post by ugonow on Jun 30, 2011 18:42:15 GMT -5
The worst thing that could happen to republicans now is any signs of a recovery or even a stable economy before elections.I bet a lot more than duct tape is involved.
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