Freshman Rep. Mick Mulvaney (R-SC) has made a name for himself on budget issues. He’s been tapped by leadership to sell parts of the Paul Ryan Republican budget, and he has been one of the most visible members of the House Budget Committee.
Before the Silver Elephant Dinner in South Carolina last week, we spoke briefly with Mulvaney about the issue of tax expenditures, better known as subsidies, that amount to taxpayer giveaways to major corporations. Mulvaney justified his vote to preserve billions in tax subsidies to oil companies by claiming that he would later end such tax breaks when the Ryan budget is steered through committee. However, when asked about subsidies for Boeing (which receives over$900 million in various subsidies from South Carolina, billions more in loan guarantees from the federal government), Mulvaney changed course. Boeing, which recently relocated a major plant to South Carolina in order to undercut union-wages in Washington state, has every right to receive subsidies, Mulvaney argued:
Before the Silver Elephant Dinner in South Carolina last week, we spoke briefly with Mulvaney about the issue of tax expenditures, better known as subsidies, that amount to taxpayer giveaways to major corporations. Mulvaney justified his vote to preserve billions in tax subsidies to oil companies by claiming that he would later end such tax breaks when the Ryan budget is steered through committee. However, when asked about subsidies for Boeing (which receives over$900 million in various subsidies from South Carolina, billions more in loan guarantees from the federal government), Mulvaney changed course. Boeing, which recently relocated a major plant to South Carolina in order to undercut union-wages in Washington state, has every right to receive subsidies, Mulvaney argued:
