You are hereThink Progress: Paul Ryan Dodges Fox News’ Questions About Whether He’ll Eliminate Tax Breaks For Oil Companies

Think Progress: Paul Ryan Dodges Fox News’ Questions About Whether He’ll Eliminate Tax Breaks For Oil Companies


April 3, 2011- On Tuesday, House Budget Committee Chairman Paul Ryan (R-WI) plans to lay out his proposed budget for the next fiscal year. Promoting his plan on Fox News Sunday this morning, Ryan made clear that his plan for deficit reduction would demand drastic spending cuts shouldered on the backs of low- and middle-income Americans without asking for similar sacrifice from the wealthy. Asked repeatedly by host Chris Wallace whether he’ll eliminate tax breaks for oil companies, Ryan hemmed and hawed without giving a clear answer:

WALLACE: A lot of Democrats that are already saying, even before they’ve seen your budget, that you do all of 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. Do you eliminate tax breaks? Do you bring in new revenue by eliminating, for instance, tax breaks for oil companies?

RYAN: We don’t have a tax problem. The problem with our deficit is not because Americans are taxed too little. The problem with our deficit is because Washington spends too much money. … So we’re not going to down the path of raising taxes on people. […]

WALLACE: But for instance, you will not eliminate tax breaks for Big Oil and Gas?

RYAN: Those are the kinds of details that we’ll come out later with, that the Ways and Means Committee will work on. We’re not going to go into the little details of which tax expenditure goes and which tax expenditure stays.

FULL STORY HERE:

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