Rep. Ryan: Bipartisan Support Exists for Corporate Tax Reform

Thursday, 15 Sep 2011 07:53 AM

By Hiram Reisner

  Comment  |
   Contact  |
|  A   A  
  Copy Shortlink
House Budget Committee Chairman Paul Ryan reiterated his position Thursday that tax reform is critical to job creation and changing the code, at least for big business, has bipartisan support on Capitol Hill. The Wisconsin Republican also said on MSNBC’s “Morning Joe” temporary tax rebates don’t create jobs.
“Bush tried temporary tax rebates, Obama tried temporary tax rebates, and they have proven not to create jobs,” Ryan said. “All this temporary, booster-shot stimulus didn’t work in the stimulus package, it didn’t work when the last administration tried these things.
“So we don’t want to go with ideas that have proven to fail, we want to go with ideas that have proven to succeed,” he said. “I think tax reform is really the key — and what I liked about the president’s speech, he had a sentence or two dedicated toward cleaning up our tax system.”
Ryan said business people he has recently spoken with said they want certainty and not repeated temporary measures, because they need to plan for the future and without knowing their tax and regulatory requirements they can’t move forward.
“There are a lot of Democrats who agree with us — and I think there is a shot at bipartisanship,” Ryan said about tax reform for businesses. “I really think we have a shot at this.
“Where I think it’s less likely is on the individual side of the tax code,” he said. “Because the president really seems to be clinging to this class warfare of higher taxes on individuals, which also hits these successful small businesses . . . but on the corporate side, he really seems to be open-minded, from what I can tell, on tax reform.”
Ryan said that corporate tax reform would create more federal revenue because it “would people back to work” and give businesses more opportunity, but added healthcare costs are also an impediment.
“That is among the biggest concerns I hear from businesses — because they have no idea how to measure the cost of this,” he said. “They haven’t made the decision of whether to keep healthcare for their employees or they drop healthcare for their employees. They’re in the middle of that very painful decision.”

© 2014 Newsmax. All rights reserved.

  Comment  |
   Contact  |
  Copy Shortlink
Send me more news as it happens.
Get me on The Wire
Send me more news as it happens.
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
Zip Code:
Privacy: We never share your email.
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
You May Also Like

Passengers Push Plane on Icy Russian Runway (With Help of a Tractor)

Wednesday, 26 Nov 2014 20:45 PM

Passengers on a Russian plane got off to push the aircraft to help get it on the runway after it began slipping on ice i . . .

Bernie Tiede, Convicted Murderer Mortician, to Get New Sentencing

Wednesday, 26 Nov 2014 17:39 PM

Bernie Tiede, the mortician who was convicted of killing his companion Marjorie Nugent in 1996, will receive a new sente . . .

Chrysler Pentastar Logo Getting Phased Out With FCA Formation

Wednesday, 26 Nov 2014 15:51 PM

Chrysler's iconic Pentastar logo is being phased out as the company introduces a new logo in keeping with the newly form . . .

Top Stories

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

America's News Page
©  Newsmax Media, Inc.
All Rights Reserved