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.
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