Rep. Paul Ryan (R-Wis.) has released his second ad to defend his House seat, as he simultaneously runs for both reelection to Congress and a shot at the vice presidency.

In the ad, released on Wednesday, Ryan is on a factory floor talking to individuals about the need to lower taxes on businesses and reduce the number of regulations in order to prevent outsourcing.

"[W]e need to end the growing government control over the economy, and when we put higher tax rates on American job creators than our foreign competitors do, we push jobs overseas," Ryan says in the spot. "We need to fix that and make our tax code fair, simple, and more competitive. We should balance the budget and eliminate ridiculous regulations that cost you money. With the right solutions, we can get this economy growing."

Watch:



Outsourcing is an issue that has dogged GOP presidential nominee Mitt Romney after the Washington Post reported in June that the financial firm he co-founded, Bain Capital, "invested in a series of firms that specialized in relocating jobs done by American workers to new facilities in low-wage countries like China and India."

Under Wisconsin law, Ryan is allowed to run for both vice president and House representative. If Ryan and Romney were to win in November, the state would have a special election to fill Ryan's House seat.

Ryan's Democratic opponent in the 1st congressional district, Rob Zerban, is still considered a long-shot to win the seat. Ryan won reelection easily in 2010, when Tea Party candidates nationwide swept the House races.

Ryan's spokesman did not return a request for additional information on the ad buy.

Joe Biden also continued to run for reelection in Delaware when he was running for vice president in 2008, and ran a minute-long ad for his Senate race.

(HT: WisPolitics)

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