Government Spends More on Corporate Welfare Subsidies than Social Welfare Programs | tax cuts | Scoop.it

About $59 billion is spent on traditional social welfare programs. $92 billion is spent on corporate subsidies. So, the government spent 50% more on corporate welfare than it did on food stamps and housing assistance in 2006.

 

Many politically well-connected corporations are also parasitically draining their share of fiscal blood from your paycheck before you ever see it. It’s called corporate welfare. The intent here is to figure out which presents the greater burden to our federal budget, corporate or social welfare programs... [MORE]

 

 

[Perhaps before we think about raising taxes on people--any people--we should first think about stopping subsidies for corporations... -MC]


Via Michael Charney