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New house Speaker, Paul Ryan, Hopes to Change Tax Policies

paul ryan elected House speaker
Posted: October 30, 2015 at 2:57 am   /   by   /   comments (0)

The former nominee for Vice President, Paul Ryan, was recently elected as the 62nd speaker of the House of Representatives last October 29 as the Republicans are looking to prevent the congressional majority from disintegrating.

With 236 votes, the congressman from Wisconsin received a standing ovation in the chamber; while the minority leader, Nancy Pelosi, received 184 votes.

The Republican Party has as many as 15 presidential candidates with a deeply frustrated voter base; but on Wednesday afternoon, they had a new leader, Paul Ryan.

During the secret-ballot election, the House GOP lawmakers nominated the 45-year old Wisconsinite formally to be the house speaker in an effort to end a month-long search for replacement for John Boehner who recently resigned.

As the house speaker, Ryan will be the highest ranking Republican in the US government and second in-line to the president (which is just below the office he fell short of winning during the election last 2012). At the very least, he still has the chance to sway over a part that has been choosing one leader after another for the last year and a half.

Ryan, who always remained loyal to Boehner, said in a statement when he was elected as house speaker, “This begins a new day in the House of Representatives. John Boehner served with humility and distinction, and we owe him a debt of gratitude, but tomorrow we are turning the page. We are not going to have a House that looked like it looked the last few years. We are going to move forward. We are going to unify, our party has lost its vision, and we are going to replace it with a vision.”

Paul Ryan, 45, a former chairman of the Budget Committee and the tax-writing House Ways and Means Committee, has always made the fiscal policy as his trademark. His budget plans, known as the Ryan budget, has been about cuts in spending and overhaul of Medicare. Being the head of the tax panel, he had envisioned 2016 as the year to implement his tax plans.

paul ryan elected House speaker

Paul Ryan of Wisconsin is the new speaker of the House. Photo(c) :

However, it remains to be seen whether he can use his role as a speaker to implement his ideas. His predecessor, John Boehner, an Ohio Republican, aimed high last 2011 when he was about to close a broad budget deal with the President Barack Obama, only to end his stay at the position with additional changes that left major fiscal arguments remain unsettled.

But Ryan knows that he might be able to utilize his ideas to make the GOP even more competitive during the national elections, particularly in the White House race in 2016.

Mr. Ryan said, “We will not duck the tough issues – we will take them head on.”

“We should not hide our disagreements — we should embrace them,” he added.  “We have nothing to fear from honest differences, honestly stated.”

Of all the priorities he stated during his election, nothing is higher than revamping the tax system with the goal of increasing economic growth and boost as well as wages.