Thursday, May 12, 2016

How much has Ryan made on Big Oil Subsidies, the kind he opposes, since 2011?

While the press fawns all over Paul Ryan's resistance to Trump's presidency, I thought I would remind everyone what kind of guy Ryan really is. From an old story (2011) I always meant to post but didn't (thanks to a recent tweet that reminded me)....

I'm going to take the old "Trust me, I know what I'm doing," and give it the old Paul Ryan twist, and I'm paraphrasing; "Trust me, I don't know what I'm doing." 

Ryan and his family will "accidentally" and "inadvertently" from big time from big oil leases thanks to subsidies proposed in Ryan's budget bill. For some reason, Republicans like Ryan seem to think Americans trust their intentions no matter what they end up doing.

Forget conflict of interest and the boat loads of money that will pour into their bank accounts, your can trust Paul Ryan. His excuse, he just married into his lucky situation. Would I kid you:
Ryan’s office says the congressman wasn’t thinking about himself or the oil companies that lease his land when he drafted the budget blueprint that extended the energy tax breaks. “These are properties that Congressman Ryan married into,” spokesman Kevin Seifert said. “It’s not something he has a lot of control over.”
See, he can't help it. Keep this in mind from our Janesville hypocrite and liar:
When Republican Congressman Paul Ryan was asked at a town hall meeting in Waterford, WI, about the need to end subsidies to oil companies, he responded, "I agree." [1]

But just one week later, Ryan voted to give Big Oil billions in taxpayer-funded handouts. [2]

He asked Americans to make sacrifices on everything from Medicare to education, while preserving lucrative tax subsidies for the booming oil, mining and energy industries.
There's only one way to describe this:
“Sure, senior citizens should have to pay more for health care, but landholders like [Ryan] who lease property to big oil companies, well, their government subsidies must be protected at all costs,” says Melanie Sloan, the director of the nonpartisan Citizens for Responsibility and Ethics in Washington. “It smacks of hypocrisy.”
Married into money: Like Dumb Ron Johnson, we have another married into money big mouthed phenomenon, and of course, a meticulously manufactured reputation for being a fiscal genius:
Ryan's father-in-law, Daniel Little, who runs the companies, told Newsweek and The Daily Beast that the family companies are currently leasing the land for mining and drilling to energy giants ... Some of these firms would be eligible for portions of the $45 billion in energy tax breaks and subsidies over 10 years protected in the Wisconsin lawmaker’s proposed budget.
How much will Ryan pocket? It looks like a lot:
The properties have been a lucrative investment for Ryan and his wife, earning them as much as $117,000 last year, and $60,000 the year before, his personal financial disclosure reports show. Overall, Ryan, 41, listed assets worth between $590,000 and $2.5 million, putting him in the top third of the richest members of the House.

According to a report from the Joint Committee on Taxation, Ryan himself would be eligible to recover money from the government for investments the four family companies might make in such things as machines and maintenance if they didn’t pan out on the properties and failed to generate revenue.

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