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| | Corporate welfare - Wikipedia, the free encyclopedia |
 | | Corporate welfare is a pejorative term, first coined by Ralph Nader in 1956, describing a government's bestowal of grants and/or tax breaks on corporations or other "special favorable treatment" from the government. | | | Another common example often derided as "corporate welfare" is when a large company is nearing collapse, and is given substantial breaks or financial support by the government to keep it in business. | | | Some object to the term "corporate welfare" on the grounds that the term plays on negative stereotypes about welfare payments to poor people, and may suggest that the poor are as undeserving of government "handouts" as corporations are. |
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http://en.wikipedia.org/wiki/Corporate_welfare
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| | VDARE.com: A Progressive Indictment: Immigration Policy and Corporate Welfare, by Randall Burns |
| | Corporate Welfare as defined by Ralph Nader involves use of a public asset for private purposes—"a program is considered Corporate Welfare if its public cost outweighs its public benefits. | | | A classic example of Corporate Welfare: allowing broadcasting networks and corporations to use the airwaves without paying the fair market value that could be obtained at public auction. | | | For these corporations, the government has assumed the role of insurer of last resort. |
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http://www.vdare.com/misc/050127_burns_welfare.htm
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| | Corporate Welfare |
| | Also "...federal aid to dependent corporations is a major contributor to the federal budget deficit." It creates an uneven playing field for corporations and fosters an "incestuous relationship between business and government." Corporate welfare is anti-consumer and anti-capitalist, states Cato's report, by raising costs to consumers and transforming the businessman from entrepreneur to lobbyist. | | | Until recently, the problems related to corporate welfare (e.g., environmental degradation, increasing tax burden on the average citizen and problems with balancing the federal budget) have been relatively ignored in relation to budget debates. | | | Political influence in the form of corporate welfare is costing taxpayers billions of dollars while at the same time benefiting the general public little. |
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http://www.omsys.com/jeremy/corpwelf.htm
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| | Nader's Testimony on Corporate Welfare |
| | The FY 1999 cost of this corporate tax expenditure is $285 million. | | | The 1974 Budget Act requires that a list of tax expenditures, corporate and individual, be included in the budget. | | | Because so many corporate tax expenditures have been identified in official administration and congressional publications, this is a large area in which it would be easy for Congress to act to eliminate a huge category of corporate welfare in one fell swoop. |
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http://www.nader.org/releases/63099.html
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| | Common Cause Urges an End to Corporate Welfare |
| | Corporate welfare comes in various guises: direct payments to companies, provision of public goods or services at below-market value, federal purchases of goods or services at above-market value, federal tax breaks, and exemptions from otherwise applicable laws. | | | Corporate welfare remains an intractable part of the federal budget in large part because campaign contributions flow to Members of Congress from those special interests that benefit from corporate welfare programs. | | | An independent commission on corporate welfare and an expedited process for implementing that commission's recommendations that would be established by S. 1376 is one way to ensure that these powerfully backed programs are subject to the same scrutiny as other budget items. |
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http://www.ccsi.com/~comcause/news/corwel.html
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| | Surge in Corporate Welfare: CTJ Analysis |
| | Driven in part by the new corporate tax breaks just enacted in the so-called “stimulus” bill, the total cost to ordinary American taxpayers of corporate tax welfare will exceed $170 billion annually in each of the next two years. | | | A startling surge in corporate tax welfare is expected to drive corporate income taxes over the next two years down to only 1.3 percent of the gross domestic product. | | | In fact, for the first time since the early eighties, corporate tax loopholes will actually cost more than companies pay in income taxes in fiscal 2002 and 2003. |
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http://www.ctj.org/html/corp0402.htm
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| | FMN: Policy Spotlight, Feb-March 1997, Corporate Welfare |
| | John Kasich (R-Ohio) is the chairman of the House Budget Committee and is leading the fight against corporate welfare to balance the budget. | | | Brian Doherty writes that corporate welfare is not always defined correctly and that tax breaks should not be included in the definition. | | | In, Mega Corporations the Small Business Survival Committee questions the proposed government policy to hand out new digital broadcast licenses for free instead of auctioning them off as was done with the last round of cellular frequencies. |
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http://www.hazlitt.org/spotlight/9702.html
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| | eRiposte Economy - Tax : Corporate Welfare |
| | is just for corporations to pay taxes on their income. | | | ITEP Study of Corporate Income Taxes in the 1990s, also as reported by Steven Taub, CFO.com | | | income amounts to a second tax on corporate profits. |
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http://www.eriposte.com/economy/tax/corporate_welfare.htm
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| | NPRI Op-Ed: It’s Time to Cut Off Corporate Welfare Queens |
| | Corporate welfare is difficult to justify at any time, but in light of current economic realities, generous federal freebies to large corporations cannot be justified at all. | | | While corporate welfare programs are not evidence that big business controls all Congressional actions (excessive environmental regulations and the longstanding federal policy of compulsory unionism suggest otherwise), it’s frustrating that a budget items loathed by so many can continue to receive funding. | | | It’s an unfortunate development, because the corporate welfare system appears to be untouched by impending "cuts" in government spending. |
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http://www.npri.org/op_eds/op_ed97/071497.html
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| | Corporate welfare - November 9, 1998 |
| | These taxpayers are called corporations, and their deals are usually trumpeted as "economic development" or "public-private partnerships." But a better name is corporate welfare. | | | It's a game in which governments large and small subsidize corporations large and small, usually at the expense of another state or town and almost always at the expense of individual and other corporate taxpayers. | | | State and local governments now give corporations money to move from one city to another--even from one building to another--and tax credits for hiring new employees. |
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http://www.cnn.com/ALLPOLITICS/time/1998/11/02/corp.welfare.html
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| | CORPORATE WELFARE |
| | Part of growing up corporate is that we let corporations develop the yardsticks by which we measure the economy's progress. | | | One professor studying corporate crime believes that it costs the country $200 billion a year. | | | Corporations have perfected socializing their losses while they capitalize on their profits. |
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http://www.lightparty.com/Economic/CorporateWelfare.html
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| | OMB Watch - Facts on Corporate Welfare |
| | Welfare benefits for individuals and families are limited by strict eligibility requirements and time limits, while corporations get corporate welfare benefits regardless of wealth or accountability. | | | Fact: Most social spending is in the form of discretionary spending, which is scrutinized in the annual budget negotiating process in Congress; most corporate welfare programs are in the form of tax expenditures, which go on and on since they are not subject to annual review by Congress. | | | Fact: Spending for corporate welfare programs outweighs spending for low-income programs by more than three to one: $167 billion to $51.7 billion (source: Aid for Dependent Corporations, from the Corporate Welfare Project and How Much Do We Spend on Welfare?, from the Center on Budget and Policy Priorities, FY 95 figures) |
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http://www.ombwatch.org/article/articleview/428/1/87
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| | Let's Talk Taxes - A Corporate Welfare Primer |
| | Corporate welfare decisions are most often made by individuals with little experience in private investing; moreover, decisions are often made in a politically charged environment. | | | Taxpayers deserve better than to subsidize well-connected corporations and their shareholders. | | | Worse still is those firms and their workers which do not receive government grants end up subsidizing their government-supported competitors through their taxes. |
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http://www.taxpayer.com/main/news.php?news_id=1954
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| | Congressman Sanders on US Corporate Welfare Giveaways |
| | One of the most egregious forms of corporate welfare can be found at a little known federal agency called the Export-Import Bank, an institution that has a budget of about $1 billion a year and the capability of putting at risk some $15.5 billion in loan guarantees annually. | | | The great irony of Ex-Im policy is not just that taxpayer support goes to wealthy and profitable corporations that don't need it, but that in the name of "job creation" a substantial amount of federal funding goes to precisely those corporations that are eliminating hundreds of thousands of American jobs. | | | The US federal government is guilty of making huge corporate welfare handouts. |
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http://www.progress.org/corpw30.htm
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| | TAP: Vol 13, Iss. 8. The Unrelenting Corporate Welfare Lobby. Robert S. McIntyre. |
| | As a result, corporate income taxes are expected to fall to only 1.3 percent of the GDP this year and next. | | | So here we are, with corporate taxes down to historically low levels, last year's big upper-income tax cuts phasing in, and deficit spending and raids on the Social Security trust fund as far as the eye can see. | | | I was appalled to discover that, along with $15 billion in extended unemployment benefits over the next three years, the bill included the same $114 billion in corporate tax cuts over three years as last fall's version. |
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http://www.prospect.org/print/V13/8/mcintyre-r.html
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| | Public Citizen Corporate Welfare - Corporate Welfare |
| | Each dollar spent on these "aid for dependent corporations" welfare programs means one dollar less for environmental programs, support for education, assistance to those in need, tax breaks for families, or deficit reduction. | | | These corporations receive a wide range of favors: special corporate tax breaks; direct government subsidies to pay for advertising, research and training costs; and incentives to pursue overseas production and sales. | | | Each year, U.S. taxpayers subsidize U.S. businesses to the tune of almost $125 billion, the equivalent of all the income tax paid by 60 million individuals and families. |
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http://www.citizen.org/congress/welfare/index.cfm
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| | RACHEL's Environment and Health Weekly #422 |
| | This year, taxpayers will spend $51 billion in direct subsidies to corporations and lose another $53.3 billion in tax breaks for corporations, according to the Office of Management and Budget and Congress's Joint Committee on Taxation. | | | Another form of corporate welfare is the government's failure to charge reasonable fees or sales prices for mining minerals on publicly-owned land. | | | Until we get corporations out of our elections entirely, we probably will not be able to end corporate welfare. |
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http://www.ejnet.org/rachel/rehw422.htm
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| | Corporate Accountability Project |
| | Of the world's 100 largest economies, 51 are now global corporations, rather than countries. | | | crush in its birth the aristocracy of our moneyed corporations, which dare already to challenge our government to a trial of strength and to bid defiance to the laws of their country." | | | How to Overthrow Corporate Rule in 5 Not-so-easy Steps |
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http://www.corporations.org
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| | Corporate Welfare Information Center |
| | "The $150 billion for corporate subsidies and tax benefits eclipses the annual budget deficit of $130 billion. | | | But after years of changes in the federal tax code and international economy, the corporate share of taxes has declined to a fourth the amount individuals pay, according to the US Office of Management and Budget." --Boston Globe series on Corporate Welfare | | | Clinton and Congress Fail to Eliminate Corporate Welfare (includes corporate welfare increases in Clinton's 1998 Budget Proposal) --> |
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http://www.corporations.org/welfare
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| | corporate welfare |
| | Corporations would no longer deduct settlement payments from their tax liability, whether or not they admit guilt. | | | He noted a traditional reluctance on the part of the SEC to fine corporations in financial fraud cases, on the theory that the cost would be passed along to shareholders who already had suffered. | | | The purposes of the crimes, confessed by 7 individuals and 29 corporations, were to fix prices to which all would adhere and to allocate among the conspirators the available orders, including orders for the heavy electrical equipt usually purchased by public utilities and municipalities. |
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http://www.webnetarts.com/socialjustice/corpwelf.html
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| | corporate welfare supplement |
| | Under current rules, stock- option grants are not counted as an expense against corporate income but can be used as a deduction against corporate income taxes. | | | According to Colombian govt documents, in the early 1990s the Colombia energy sector was expected to generate a deficit of over $1 billion for a 10 year period. | | | World Bank would issue loans for privatization of the energy or the power sector in a developing country or make this a condition of further loans, and Enron would be amongst the first, and often the most successful, bidders to enter the country's newly privatized or deregulated energy markets. |
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http://webnetarts.com/socialjustice/corpwarch.html
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| | CORPORATE WELFARE |
| | According to the conservative Heritage Foundation (which is basically in bed with corporate America), government could save $20 billion a year by eliminating just three dozen corporate giveaways. | | | The House Progressive Caucus, which is mostly comprised of Democratic members of Congress, has called for the elimination of $800 billion in tax subsidies and other benefits for corporations and the rich. | | | The Office of Management and Budget and Congress's Joint Committee on Taxation (who have a vested interest in playing down the numbers) report that taxpayers pay businesses $51 billion in direct subsidies and lose another $53.3 billion in corporate tax breaks, for a total of $104.3 billion a year. |
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http://www.huppi.com/kangaroo/71More.htm
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| | Corporate Welfare |
| | The poor have become a scapegoat for the federal deficit, covering over the real reasons for this country's massive debt: corporate welfare, or subsidies to the rich. | | | President Clinton's signing of the bill to "dismantle the Welfare State" by cutting off what little help the U.S. federal government offered its poorest citizens will do nothing to ease the tax burden of middle class America nor to dismantle the real welfare state. | | | Dirty Little Secrets: Friends of the Earth Exposes U.S. government tax breaks to corporate polluters. |
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http://www.csun.edu/~hfspc002/news/welf.html
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| | Crikey Website - Corporate welfare - a sweet deal for some |
| | But it's also an example of corporate welfarism at its John Howard worst. | | | But as corporate entities, you'd have to ask why the mills are getting money in any case? | | | From the mills direct and money held by the mills as their share of the payments from Qld Sugar. |
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http://www.crikey.com.au/articles/2004/04/30-0001.html
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| | SFBG News 33rd Anniversary Issue October 6, 1999 |
| | How big downtown corporations get millions of dollars in property tax breaks. | | | The real welfare cheats: How big downtown corporations get millions of dollars in property tax breaks. | | | How welfare reform keeps people in poverty jobs. |
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http://www.sfbg.com/News/34/01
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| | AlterNet: Wal-Mart Welfare |
| | The subsidies have come as many states are forced by White House tax cuts and reductions in federal grants to make tough budget decisions. | | | The demands include "Allowing employees to form a union and agreeing to permanently forgo tax breaks or other government subsidies in Chicago," as detailed in the Good Jobs First Report. | | | But the Good Jobs First report argues that, unlike factories which add jobs and export products outside the region, big chain retailers like Wal-Mart "do little more than take revenues away from existing merchants and may put them out of business and leave their workers unemployed. |
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http://www.alternet.org/story.html?StoryID=18816
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| | Corporate Welfare Headquarters Corporate Welfare Shame Page |
| | Waste of the West tells you all about the corporate welfare ranchers who take assets that belong to taxpayers. | | | Janice Shields brilliantly describes corporate welfare's role in foreign policy | | | Amid Huge Deficits, Congress Still Spending on Welfare Handouts to Timber Corporations |
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http://www.progress.org/banneker/cw.html
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| | ink from the squid: corporate welfare |
| | These are just some of the more egregious examples of the corporate handouts being offered by the Republican dominated Congress. | | | The signs of one party rule are becoming more and more apparent, conference committees are closed to Democrats, ignoring questions from opposition party members and filibustering filibusters. | | | Proposed legislation also does away with coverage for out of pocket expenses between $2,200 and $5,000 and bans Medicare from putting into place price structures or cap. |
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http://texsquid.typepad.com/inkfromthesquid/2003/11/corporate_welfa.html
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| | Practical Freedom - Freedom Portal |
| | Corporate Accountability Project - Of the world\'s 100 largest economies, 51 are now global corporations, rather than countries | | | McSpotlight - McDonald\'s spends over $2 billion a year broadcasting their glossy image to the world; this is a small space for alternatives to be heard | | | Project - Foreign-based corporations could directly sue governments for huge settlements through an unaccountable tribunal |
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http://www.buildfreedom.com/portal/category.php/127
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| | CorporateWelfare1 |
| | Under his leadership, the budget for corporate welfare has remained as high as ever--about $87 billion a year, according to the Cato Institute in Washington. | | | .When Republicans won control of Congress back in 1994, they talked about slashing corporate welfare, which many of them saw for what it was: a fiscal extravagance and a presumptuous interference with the normal functioning of a market economy. | | | Although his budget director once said it is "not the federal government's role to subsidize, sometimes deeply subsidize, private interests," President Bush has proposed only piddling cuts. |
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http://www.politics-bushwhacking.com/CorporateWelfare1.html
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| | :: Society :: Issues :: Business :: Corporate Welfare |
| | Corporate Welfare Search Engine - Search engine specializing in corporate welfare, government waste, pork barrel spending, and corruption. | | | Web Search for Society Issues Business Corporate Welfare - News search for Society Issues Business Corporate Welfare - encyclopedia entries for Society Issues Business Corporate Welfare - | | | :: Society :: Issues :: Business :: Corporate Welfare |
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http://www.localadsearch.com/Society/Issues/Business/Corporate_Welfare
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| | Ending Corporate Welfare |
| | On the other hand, a multinational corporation can receive billions of dollars in federal aid for "job creation" while, at the same time, laying off thousands of workers - with no questions asked. | | | We should also be providing federal support to those businesses and worker-owned enterprises that want to invest in the United States and create good-paying jobs here, rather than move to China. | | | The American people should not be providing billions in corporate welfare to the same companies that are throwing American workers out on the street. |
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http://www.opednews.com/sanders040804_corporate_welfare.htm
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| | Soft Money & Corporate Welfare ! |
| | Return on Investment : The Hidden Story of Soft Money and Corporate Welfare ! | | | Companies now wealthier than Countries - The rise and rise of the Transnationational Corporations | | | Philip Morris Corporate Imbalance Sheet - Check Book Democracy |
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http://www.betterworldlinks.org/book90h.htm
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| | BlogWood: Mel Sembler: Corporate Welfare Daddy |
| | And rest assured: odds are good that many of Mel’s other projects benefit from corporate welfare in the form of tax breaks or incentives or other government subsidies. | | | Now, besides being the King of Anti-Drug Crusading Corporate Welfare Daddies, Mel also has a knack for slapping up ugly strip malls, specializing in providing retail space for Eckerd’s. | | | If Corporate Welfare Daddy Supreme Mel Sembler had an ounce of compassion, if he cared one iota about the community as a whole, he would let the city of the hook and take his losses in Centro Ybor just like an average investor who made a bad choice would have to. |
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http://www.blogwood.com/archives/000576.html
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| | On Power: The Independent Institute |
| | The result is ever increasing state power, which endures long after each crisis has passed--fostering extensive corporate welfare and pork, raising taxes, and undermining civil and economic liberties and economic growth. | | | Is such growth inherent in the nature of government, because of some greater societal need, or are there other causes? |
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http://www.onpower.org
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| | War Is A Racket, by Major General Smedley Butler, 1935 |
| | The Sixty-Fifth Congress, reporting on corporate earnings and government revenues. | | | In 1916 a profit of $6,000,000 was recorded. | | | Considering the profits of 122 meat packers, 153 cotton manufacturers, 299 garment makers, 49 steel plants, and 340 coal producers during the war. |
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http://www.ratical.org/ratville/CAH/warisaracket.html
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| | End Corporate Welfare |
| | Join Us - Become part of the reason that our government separates itself from big business. | | | End Corporate Welfare Chairman, Sean Concannon, has been interviewed by Channel 9 Eyewitness News of Orlando concerning this. | | | Paid for by the End Corporate Welfare PAC |
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http://endcorporatewelfare.com
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| | Ron Brown's Corporate Welfare Scam |
| | The General Accounting Office recently blamed Cheney's firm for being "the primary source of $327 million in budget overruns for the Bosnia operation." Brown and Root has made $260 million for barracks construction in Somalia, Rwanda, Haiti, and Italy--on top of the $500 million it will rake in from Bosnia. | | | Brown and his party of traveling CEOs were doing in the Balkans when their plane crashed was assuring that select American businesses, i.e. | | | The stupid notion of "nation building" in places like Haiti, Somalia, and Bosnia is simply a smokescreen for the dispensing of corporate welfare to politically connected businesses. |
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http://www.mises.org/freemarket_detail.asp?control=182&sortorder=authorlast
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| | Corporate Welfare Search Engine |
| | Everyone gets upset by government corruption, waste and subsidies. | | | All the top corporate welfare information is right here at your fingertips. | | | If you know of additional pages devoted to this topic, please tell us! |
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http://www.taxpolicy.com/cwsearch
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| | Wired 13.01: VIEW |
| | But the way that governments extend these terms is even more senseless. | | | Rather than limiting this corporate welfare to those works that are commercially exploited (leaving the forgotten to pass into the public domain so libraries and archives can make them available cheaply), governments uniformly extend the duration of copyrights indiscriminately. | | | The Sonny Bono Act, for example, extended terms for works from as far back as 1923, even though, as Supreme Court Justice Stephen Breyer estimated in Eldred v. |
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http://www.wired.com/wired/archive/13.01/view.html?pg=5
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| | The EnviroLink Network |
| | Debate environmental issues in the EnviroLink Forum with other members of the EnviroLink community. | | | A project of EnviroLink, Animal Concerns is the online community for people concerned about the welfare and rights of animals. |
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http://www.envirolink.org
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| | TIME Cover: Corporate Welfare Download Page |
| | You can access TIME's four-part series on corporate welfare from this page -- either read the report on TIME.com or download the text version to your computer. | | | Read the series on TIME.com or download it to your computer |
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http://www.time.com/time/magazine/corpwelfare
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| | Tim Worstall: Can You Say Corporate Welfare? |
| | And this is all based on the questionable assumption that 'organic' has any meaning at all. | | | Listed below are links to weblogs that reference Can You Say Corporate Welfare? | | | A quite naked plea for corporate welfare here: |
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http://timworstall.typepad.com/timworstall/2005/09/can_you_say_cor.html
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| | triticale - the wheat / rye guy: Corporate Welfare |
| | triticale - the wheat / rye guy: Corporate Welfare | | | Owen has a post on how a Wisconsin politician is telling the farmers he did it all for them. | | | Posted by triticale at March 8, 2005 07:15 AM |
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http://triticale.mu.nu/archives/070519.php
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