PAUL RYAN IS PANHANDLING THAT PATH TO AMERICAN PROSPERITY TO HELP HIS IMPOVERISHED FAMILY!
From Think Progress:
Paul Ryan’s budget, which means austerity for most Americans, turns out to mean prosperity for Ryan and his family.
That budget, which the GOP-led House adopted as its blueprint, slashes funding for everyone from seniors to the disabled to students while preserving $45 billion in tax breaks and subsidies for Big Oil over the next 10 years, as has been widely reported.
But what we have only just learned from Ryan’s financial disclosure forms for Congress (here) that were made public this week is “he and his wife, Janna, own stakes in four family companies that lease land in Texas and Oklahoma to the very energy companies that benefit from the tax subsidies in Ryan’s budget plan,” as The Daily Beast reported today.
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 such as Chesapeake Energy, Devon, and XTO Energy, a recently acquired subsidiary of ExxonMobil.
These energy giants stand to profit directly from the $45 billion in subsidies and tax breaks. How cozy!
When asked about the blatant conflict of interest, Ryan’s spokesperson offered up the newly-popular “wife” defense:
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.”
Check out the Daily Beast Expose here.
Demagoguery? Really, Paul Ryan.
Here’s the 73 page PDF of that path to prosperity for the Ryan family and the GOP RICH. Sorry Herman Cain; the plan is greater than 3 pages. You think you can handle 73 pages, Mr. Slave-catching Cain?
Robert Reich on the the Truth about the ECONOMY: