Wisconsin Republican Rep. Paul Ryan said Monday that if President Barack Obama is re-elected, his economic plan will look like the “cash for clunkers” program and he will raise taxes on successful small businesses. Ryan made his comments as part of a Mitt Romney town hall event in Northern Milwaukee, just a day before the primary in Wisconsin.

“The president is practicing ‘cash for clunkers’ economics,” said Ryan.

“Take money from successful businesses. Take money from families. Take it to Washington and swish it around,” the House Budget Committee chairman explained. “Then send it back to your favorite constituencies.”

The campaign event was held at Moore Oil Company in front of a crowd of about 200 people. Ryan held up the 35-year-old family business as an example of a successful firm that President Obama’s tax policies will punish if he wins a second term.

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