06 Apr '11, 8pm

Paul Ryan’s Big Oil budget halts energy innovation

Rep. Paul Ryan. Photo: Gage Skidmore Cross-posted from the Center for American Progress . House Budget Committee Chair Paul Ryan's (R-Wis.) proposed fiscal year 2012 budget resolution is a backward-looking plan that would benefit Big Oil companies at the expense of middle-class Americans. It retains $40 billion in Big Oil tax loopholes while completely eliminating investments in the clean energy technologies of the future that are essential for long-term economic growth. This budget would lock Americans into paying high, volatile energy prices. It would ensure that millions of clean energy jobs are created oversees -- not here in the United States. It is a path backward to Bush-Cheney Big Oil energy policies that cost jobs and harm American competitiveness. In short, the Ryan plan ensures that we lose the high-stakes competition for the $2 trillion worldwide cleantech mark...

Full article: http://www.grist.org/politics/2011-04-06-paul-ryans-big-o...

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