Paul Ryan slams Dems’ millionaire surtax

{mosads}The GOP in recent weeks has seized on Obama administration loans to bankrupt solar energy firm Solyndra as an example of such cronyism.

Ryan reiterated his calls to means-test Medicare and other entitlements as a better alternative to taxes on the wealthy and stimulus. He accused Democrats of “preying on people’s emotions of envy [and] fear” instead of trying to reform out-of-control government spending.

On the other hand, both parties might be able to agree on corporate tax reform that eliminates loopholes and lowers rates. So far a sticking point has been whether to use new revenue from such reforms to reduce the deficit.

“I really think there is a shot at bipartisanship on the corporate business side,” he said.

The issue is one of competitiveness with other nations that have a much lower corporate tax rate, he said, citing lower rates in Britain and Ireland.

“We can no longer take for granted that we are the world-dominating superpower,” Ryan said.