Rep. Paul Ryan Backs Ending Oil Subsidies

As oil companies announced soaring profits for the first quarter of 2011, political leaders in Washington stepped up their calls for reforming government issued subsidies and tax breaks to oil companies. In an interview for "This Week," Christiane Amanpour pressed House Budget Committee Chairman Paul Ryan, R-Wis., about these subsidies. "Would you back ending subsidies to oil companies?" Amanpour asked. "Oh yes," said Rep. Ryan. "I think we should clean up all those loopholes. And don't...Full Story
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