Friday, June 17, 2011

Paul Ryan's Mining Investments Benefit From His Proposed Budget Plan

Seems that Medicare isn't the only fiscal issue likely to bring trouble to Cong. Smartypants from Janesville.

His shares in family mining businesses - - who knew? - - could benefit from tax law changes that he has proposed in his now infamous dead-on-arrival budget.

And chairs the powerful House Budget Committee while sitting on the Ways and Means Committee, where tax law is written.

Reports Newseek and The Daily Beast:

The financial disclosure report Ryan filed with Congress last month and made public this week shows 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.
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.

1 comment:

Tina Fey's Disciple said...

In Paul Ryan's America, Paul Ryan doesn't bring riches to bad economy, bad economy brings riches to Paul Ryan.