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Recommend “Reuters” - House Budget Chair Ryan backs cutting oil subsidies (Email)

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REUTERS
Reuters US Online Report Top News

Apr 29, 2011 07:17 EDT

WASHINGTON (Reuters) - House Budget Committee Chairman Paul Ryan said on Thursday he supports cutting tax breaks for the oil industry as lawmakers search for ways to battle rising gasoline prices.

In response to a question at a town hall meeting in Waterford, Wisconsin, the Republican congressman said he agreed that oil company subsidies should end.

"We're talking about reforming the safety net, the welfare system, we also want to get rid of corporate welfare," Ryan said to applause.


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