We think these tax credits are important to get industries up and running, but we don’t think they should continue on indefinitely. … We also want to make sure our tax code isn’t one that has too many loopholes, which rewards some industries and not the others.
Subsidies for the oil and gas industry were instituted in the U.S. in 1918. Those subsidies comprise about two-thirds of all energy subsidies ever given. Ryan has voted for the indefinite extension of oil industry subsidies on multiple occasions.
Starting to think this guy might not be entirely sincere.
- Ryan backs Romney on wind energy tax credit , CBS News
Get Grist in your inbox