Congressional Issues 2012
- terminate programs that provide direct grants to businesses;
- eliminate programs that provide research and other services for industries;
- end programs that provide subsidized loans or insurance to businesses;
- eliminate trade barriers designed to protect U.S. firms in specific industries from foreign competition at the expense of higher prices for American consumers;
- base defense procurement contract decisions on national security needs, not on the number of jobs created in key members’ districts; and
- eliminate the income tax loopholes carved out solely for specific companies or industries and substantially lower the tax rate so that there is no net revenue increase.
For examples of ongoing corporate welfare, see Citizens Against Government Waste. Also, The Club For Growth RePORK Card:
- $325,000 for the Institute for Seafood Studies in Thibodaux, Louisiana.
- $250,000 for the Monroe County Farmer's Market in Tompkinsville, Kentucky.
- $150,000 for the restoration of Tarrytown Music Hall in Tarrytown, New York.
- $100,000 for the Myrtle Beach Conference Center in South Carolina.
- $90,000 for the Commercial Kitchen Business Incubator project in Watsonville, California.
- $1 million for potato research in Idaho, Oregon, and Washington.
Your business should not be taxed to subsidize your competitor.
It is important to consider the question of how much of defense spending is simply corporate welfare for the defense industries.
For information on the "Paulson Plan" Bailout of Sept/Oct 2008, see our Bailout2008 page. See also the following:
From the blog:
Ozarks Virtual Town Hall
- Click here - September 27th, 2008 - The Bailout: Rescue Plan or Enslavement Plan?
- Click here - September 20th, 2008 - Free Enterprise or Fascist Bailouts?
- Click here - July 19th, 2008 - Energy and Housing
The September-October 2008 trillion-dollar bailout is only the largest and most recent government "bailout" of whiny corporations. All Corporate Welfare is unconstitutional and counter-productive. It benefits only a few special interests, not the general welfare.
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