U.S. PIRG supports Ryan budget plan
U.S. Public Interest Research Groups calls on Democratic Senate, White House to pass end to subsidies, level playing field for “small businesses and companies that aren’t as connected” as companies like Monsanto, Cargill, Solyndra, and GM.
The U.S. PIRG, the national federation of state PIRGs, came out in support of Congressman Payl Ryan’s budget plan today. According to spokesperson Moses Corvus, the Ryan “Roadmap to America’s Future” ends subsidies for big agribusiness companies like Cargill and Monsanto, as well as other companies who are unfairly connected to the current administration, like Solyndra and GM. Corvus added that such subsidies unfairly privilege these companies over smaller, less connected ones, and that the subsidies end up “pushing junk products on the American Market.”
According to U.S. PIRG, the genius of the Ryan plan is that it reduces taxes while removing subsidies so that, on average, the tax burden on businesses is the same. “Companies that relied on subsidies will see their tax burden rise, and companies that did not will see their tax burden fall. Consumers will, on average, see no price increases due to the Ryan plan, unlike Democratic proposals that remove subsidies without lowering taxes.”
Corvus says that consumers might even see an overall drop in prices, since the Ryan plan reduces the regulatory burden on businesses as well as leveling the field.
“As we head into the 2012 election,” said Corvus, “it is U.S. PIRG’s position that only candidates who support the Ryan plan should be considered serious contenders for national office.”
According to Corvus, the Ryan plan is the only currently-proposed plan in the public interest. “The Democrat plans, rather than leveling the playing field for small businesses and companies that aren’t as connected, just raise taxes, and this will cause prices to rise.”
U.S. PIRG says that this will make everyday products such as syrup, candies, corn, butter, and bread more expensive, without any corresponding drop in the prices of previously-unsubsidized products to make up for it.
“Democrats claim to want to raise taxes on corporations,” said Corvus, “But there is no such thing as a tax on corporations. All corporate taxes must be passed on to either consumers or employees—when a business’s costs rise, their prices must also rise. So we must ensure that the subsidies we remove from special interests are offset by tax reductions in general. Otherwise, prices rise and we’re just levying hidden taxes on consumers. Only the Ryan plan removes loopholes without raising the average price of products that consumers buy.”
The Ryan budget outline was was passed by the House on April 15, 2011, by a vote of 235 to 193, almost entirely on party lines. Not a single Democrat voted for it; four Republicans voted against it. The Democratic Senate has not yet addressed it. Critics note that it’s been over a thousand days since the Democratic Senate has passed any budget.
- Chevy Volt is the Most Government-Supported Car at Up To $250k in Subsidies Per Vehicle Sold: Shikha Dalmia at Reason Magazine
- “If you’ve been revolted by the fact that every $40,000 electric Chevy Volt sold by Government Motors enjoys a $7,500 rebate at the expense of taxpayers, then better have some Dramamine before you read any further.” (Memeorandum thread)
- GOP budget proposes $30B in cuts to farm subsidies: Steve Karnowski
- “DeGenarro said the GOP plan would go farther in cutting farm subsidies than President Barack Obama’s deficit commission, which called for $10 billion in savings from farm programs over 10 years.”
- A Roadmap for America’s Future: Paul Ryan
- “The Federal Government’s current fiscal path is unsustainable: it leads to unprecedented levels of spending and debt that will overwhelm the budget, smother the economy, weaken America’s competitiveness in the global 21st century economy, and threaten the survival of the government’s major benefit programs.”
- Ryan calls for ending oil subsidies: Robin Bravender
- “We’re talking about reforming the safety net, the welfare system; we also want to get rid of corporate welfare. And corporate welfare goes to agribusiness companies, energy companies, financial services companies, so we propose to repeal all that,’ Ryan said in response to a question about oil subsidies.”
- Ryan’s Plan for Farm Subsidies: Sallie James at The Cato Institute
- “The agriculture stuff appears in the ‘Ending Corporate Welfare’ section of the plan, most of it on page 36. After outlining the ways that farming America is doing well, Ryan’s plan would cut almost $30 billion and crop insurance subsidies.”
- Stop Subsidizing Obesity
- “But big agribusiness will fight to protect their billions in subsidies. We know, because in 2008, they spent $200 million lobbying and on campaign contributions.” Resulting in Democrats taking control of the White House and increasing their lead in the House and Senate.
More corporate cronyism
- Business prospect incentives discourage innovation
- Complicating the law and raising taxes, then lowering them for businesses that know how to lobby local or state governments, is not a recipe for encouraging innovation. It is a recipe for killing it.
- Atlas Shrugged II: The Strike
- I just saw the second part of the Atlas Shrugged trilogy. It is amazing.
- Crony vs. Crony
- The voters will look up and shout “save us!” History will look down, and whisper “no”.
- Why is the media saying Sanders lost the debate?
- Bernie Sanders spoke an important and inconvenient truth about socialism when he came to Hillary Clinton’s defense at the debates.
- The Parable of the Primary
- If Republicans are looking to be more Obama than Obama, they couldn’t have found a better cronyist than Donald Trump.
- 15 more pages with the topic corporate cronyism, and other related pages
More Paul Ryan
- A tale of two speeches: Condi Rice and Paul Ryan
- Rice and Ryan. Now there’s a ticket.
- Why “we don’t have a plan” is selfishly incompetent
- The Obama White House tells congress, “we don’t have a plan, but we don’t like your plan” when confronted with the destruction of the United States economy by 2027. Why can’t we continue to live large and then fix the problem in 2027?
- No corporation pays taxes
- Corporations don’t pay taxes. Their employees do, and their customers do. Every dollar that a company has to pay in taxes, that company must pass on to either their employees or their customers, if the company wants to stay in business.
- If I were running for president…
- I’d make heavy use of short videos, and I’d record everything I did with the media.
More subsidies
- Deadly complications of government bureaucracy
- Government monopolies, whether government agencies or de facto government agencies in the form of government-sponsored enterprises, aren’t rewarded by getting product to the people who need it. They’re rewarded by kissing up the bureaucratic chain.
- Ryan: End oil subsidies?
- Of course we want to end oil subsidies. Maintaining oil subsidies because gas prices might rise is crazy: we pay for those subsidies, too!