4/16/12

Paul Ryan's Potential Conflict of Interest Ignored on the Web

Paul Ryan’s Shrewd Budget Payday: Congressman Could Benefit from Tax Breaks He Proposes - The Daily Beast: "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.

Some of these firms would be eligible for portions of the $45 billion in energy tax breaks and subsidies over 10 years protected in the Wisconsin lawmaker’s proposed budget. “Those [energy developing companies] benefit a lot from these subsidies,” explained Russ Harding, an energy policy analyst with the Mackinac Center for Public Policy, when presented with the situation, without reference to Ryan. “Without those, they’re going to be less profitable.”

To ethics watchdogs, Ryan’s effort to extend the tax breaks creates the potential appearance of a conflict of interest."

'via Blog this'

The Beast published this months ago but today if you do any search related to Ryan's potential financial interest in having his wealth-favoring budget passed, nada. 



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