Tea Party darling Paul Ryan Tries To Create Tax Loopholes For His Biggest Donors

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. "We're talking about keeping revenues where they are, but having a better tax system to collect those revenues with an eye on economic growth and job creation," he said during an April interview on National Public Radio's "All Things Considered."

He added, "You have to remember, the people in the top tax brackets are the ones who enjoy most of the loopholes and deductions."

But a look at Ryan's record since he was elected to Congress in 1998 shows that he has tried to create an array of special loopholes for his top contributors, whose interests range from air fresheners to fraternity housing to beer....(continued)

No votes yet

but it seems they were a little late to the party (not entirely surprising). Rumors last week had DC-types trying to convince Paul Ryan and Chris Christie to reconsider presidential bids. Of course both had already said numerous times they weren't running and didn't give much of an indication they were changing their minds.

So what does HuffPo do? Runs a hit piece on Ryan at almost the excat same time he reinforces that he is not running for president. I guess we should give them a little credit though...at least it wasn't a poorly produced ad with a senior citizen in a wheelchair.

You have to do a little research on this guy nobody heard of before - I don't even know what you would call what he did. He is early 40's, and he's going to pretend to be "brave" by tinkering with Social Security? I did some research on him, and not only is he waaaay too young to remember JFK, RFK, the Vietnam war, & on &on... he does not possess conservative credentials. He worked for liberals in the past. Plus WHO (ask yourself) financed the anti-social security tv commercial that ran with him as spokesman a couple months back. What the crap does wet-be hind-the ears 40-something know about Social Security. Zero, zilch, nada, that's what. In reality he is doing real harm to the Republican brand.

The whole thing makes no sense. UNLESS, he is beholden to banking interests, who want social security done away with, or insurance company interests. Somebody is sponsoring him, but he doesn't tell us who. But NO REPUBLICAN IS GOING TO GET ELECTED PRESIDENT who praises or associates himself with Ryan. He is almost certainly going to have a hard time being re-elected to his House seat in 2012. And LIBERAL MAINSTREAM MEDIA loves this guy. See what I mean - it makes no sense to even pretend that this guy is a conservative. Behind the scenes somewhere I would bet that Ryan is being promised some position or other (either in the private sector or in govt) to do this "look how brave I am - Social Security must be reduced".

Congressman Ryan - there is nothing wrong with Social Security. What must be done away with is foreign aid. American tax dollars were never historically meant to be given away by the trillions to foreign nations. Foreign aid must go. When you have the "guts" to stop all foreign aid, THEN we can talk about domestic cuts. Not before. How stupid do you think the American public (by and large) is? We over-60's, not to mention 50-plus-ers are neither amused nor impressed by your disregard for the elderly.

Oh and p.s., MARCO RUBIO FOR PRESIDENT. Now THERE is a conservative. I know he is not going to run, but if the Republican Party YET AGAIN is stupid enough to run a liberal like McCain (which BO is wishing for), Rubio can run in 2016. He needs a little more seasoning, maybe, but he is the clearest spoken conservative on Capitol Hill right now. Now of course, Rick Perry could pick Rubio for VP and we could have a real blowout next year. (I can dream can't I.)

"What the crap does wet-be hind-the ears 40-something know about Social Security. Zero, zilch, nada, that's what. In reality he is doing real harm to the Republican brand."

What we do know is that SS will not be around in it's current form when it becomes time for the 40 somethings and younger to retire. The whole premise is based off of limiting benefits more and more. (ask yourself how many times has the age been increased and why)

SS can always be around but that will come at the expense of those who paid into it. Ryan has asked the tough questions about SS that we've overlooked for over 30+ years.

Additionally the changes Ryan has proposed to SS would affect the younger payers.

AND had we reformed SS as Bush proposed to at least a partially private option then the payments would have had to have been made had the debt ceiling not been increased under previous Supreme Court ruling.

Don't get me wrong. I'm all about Social Security. I'm all about keeping it. But I'm realistic that the current plan will not work forever with the expectation that everyone who pays in will get anything out of it. That is why it currently does not factor into my retirement plan. If I do get something out of it I'll be happy (may actually just donate it to charity or god willing grandkids) but again I don't trust the government to plan for my retirement. I trust only me to do that.

I do agree the timing of this hit piece is also suspect. But I don't think Ryan would run nor win the nomination if he did.

MikeyA

"What we do know is that SS will not be around in it's current form when it becomes time for the 40 somethings and younger to retire."

Who is "we"? This is patently false

Pink Slip

Really?

So you think when today's 40 year old will be able to draw from it at 67?

I remember when you could draw from it at 60. How many more times do we have to raise the age?

MikeyA

"I remember when you could draw from it at 60."

You do? When was that?

Full SS benefits can be paid through 2036. After that, it can still pay almost 80% of full benefits. The long-term gap equals about 0.8% of GDP, which is about the same as the cost of the Bush/Obama tax cuts.

Pink Slip

The SS "trust fund" was raped by Congress and is empty.

Congress has to pay all those TRILLIONS of dollars they took from Social Security back into Social Security. But Congress has decided that it is more important to borrow TRILLIONS of other dollars from China for things like the so called "re-investment act".

The best option for Social Security is to roll PERS and other Union retirement trust funds into the Social Security trust fund.

Don't blame me,
I didn't vote for a
socialist.

Now that Democrap morons in Congress have spent America into the economic situation we are currently in, where is mommy Gubberment going to get the money that they owe Social Security NOW THAT THE TRUST FUND HAS BEEN TAPPED OUT? The rest of us who do not have to be spoon-fed by the Blade know what is going on. The Social Security trust fund is broke.

http://www.cbsnews.com/stories/2010/03/16/politics/main6302588.shtml
Social Security to Start Cashing IOUs
March 16, 2010
ByCBSNews
(AP) The retirement nest egg of an entire generation is stashed away in this small town along the Ohio River: $2.5 trillion in IOUs from the federal government, payable to the Social Security Administration.
It's time to start cashing them in.
For more than two decades, Social Security collected more money in payroll taxes than it paid out in benefits - billions more each year.
Not anymore. This year, for the first time since the 1980s, when Congress last overhauled Social Security, the retirement program is projected to pay out more in benefits than it collects in taxes - nearly $29 billion more.....
Now the government will have to borrow even more money, much of it abroad, to start paying back the IOUs, and the timing couldn't be worse. The government is projected to post a record $1.5 trillion budget deficit this year, followed by trillion dollar deficits for years to come."

Don't blame me,
I didn't vote for a
socialist.

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