Tuesday, August 23, 2011

PAUL RYAN TRIED TO CARVE OUT TAX LOOPHOLES FOR BIGGEST CAMPAIGN DONORS

From Think Progress


House Budget Chairman Paul Ryan (R-WI) has tried to “create an array of special loopholes for his top contributors,” the Huffington Post’s Jennifer Bendery reports. For instance, household cleaner giant S.C. Johnson & Son is one of Ryan’s biggest donors, giving him more than $41,000 over his career, and Ryan crafted two bills that would have given the company special exemptions from trade tariffs. The bills, which did not pass, specially mentioned the company, with one exempting “unique air freshener products…assembled by S.C. Johnson in the United States.” Likewise, Ryan created bills that would have carved out tax exemptions for the beer industry after the National Wholesalers Association, his second biggest contributor, gave him more than $72,000. Another bill would have created tax loopholes for fraternity and sororities after Fraternity & Sorority PAC gave Ryan over $24,500.

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