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)