You are hereRAW Story: Top Republican refuses to say if new GOP budget will end corporate welfare

RAW Story: Top Republican refuses to say if new GOP budget will end corporate welfare


April 3, 2011- House Budget Committee Chairman Paul Ryan (R-WI) said Sunday that the GOP 2012 budget will exceed even the $4 trillion in spending cuts over the next decade recommended by President Barack Obama's debt commission.

But Ryan wouldn't commit that his new budget would follow the debt commission's lead and end corporate welfare for oil and gas companies.

"Widely reported that your budget will cut spending by $2 trillion over the next decade. True?" Fox News Chris Wallace asked Ryan during their Sunday interview.

"Well, it's more than that," Ryan said. "Quite a bit more than that."

"$4 trillion?" Wallace wondered.

"Looking at more than that right now. We're fine-tuning the numbers. Congressional Budget Office literally today, over the weekend. We'll cut more than that," Ryan explained.

"We will be exceeding the goals that were put out in the president's debt commission," he added.

"You talk about the president's debt commission. They got $1 trillion from closing a lot of tax loopholes, ending a lot of tax deductions. Do you do that?" Wallace asked.

"Not only do we want to cut spending, not only do we want to reform government spending, we want economic growth. We want job creation. Pro-growth tax reform is a key ingredient to getting this economy working again, getting the economy growing again. The way to do that -- and we agree with the direction of the fiscal commission -- lower tax rate and broaden the tax base. And those are the things we'll be proposing."

"Democrats are already saying, even before they've seen your budget, you do all this balancing of the budget on the spending side and unlike the president's debt commission, you don't do it on the revenue side," Wallace noted. "Do you eliminate tax breaks and bring in new revenue by eliminating tax breaks for oil companies, for instance?"

"We don't have a tax problem," Ryan declared. "The problem with our deficit is not because Americans are taxed too little... and so we're not going to go down the path of raising taxes on people and raising taxes on the economy."

FULL STORY HERE:

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