Thursday, Nov 26th

Last update08:55:49 PM GMT

You are here News Politics Report: Paul Ryan May Personally Benefit From Preserving Billions In Taxpayer Oil Subsidies

Report: Paul Ryan May Personally Benefit From Preserving Billions In Taxpayer Oil Subsidies

E-mail Print PDF

Paul RyanThe Daily Beast’s Daniel Stone is reporting that Ryan’s protection of billions in wasteful oil subsidies may relate to his own personal fortune. Newly released personal finance disclosures reveal that Ryan and his wife “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.” Stone reports that those companies are among his most valuable assets:

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.

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. “Those [energy developing companies] benefit a lot from these subsidies,” explained Russ Harding, an energy policy analyst with the Mackinac Center for Public Policy, when presented with the situation, without reference to Ryan. “Without those, they’re going to be less profitable.”


Most Recent Related Stories...

New York Times slams Trump's mocking of reporter as 'outrageous'

Donalt TrumpDonald Trump has added a new item to his growing list of presidential campaign firsts: mocking...

N.H. panel throws out challenge to Trump being on state GOP ballot

Trump NH status upheldThe New Hampshire Ballot Law Commission on Tuesday quickly and unanimously threw out a challenge to...

Kentucky Governor Restores Voting Rights To Nonviolent Former Felons

Beshear- Kentucky Gov. Steve Beshear (D) signed an executive order on Tuesday that would automatically restore...

74% Of Donald Trump's Statements Checked By Politifact Are False

Trump liesFact checkers exist to determine if people are telling the truth. It stands to reason that...
America's # 1 Enemy
Tee Shirt
& Help Support!
TVNL Tee Shirt
Conserve our Planet
& Help Support!
Get your 9/11 & Media
Deception Dollars
& Help Support!
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!