Ben Swann: Corporate Welfare is Almost Double Social WelfareSubmitted by barracuda_trader on Mon, 11/25/2013 - 08:14
Often at BenSwann.com we have headlines about the abuse of social welfare programs. Make no mistake, there is much abuse of social welfare programs. But the form of welfare the receives much less discussion… corporate welfare.
According to a new report, the federal government spent $59 Billion on social welfare programs in 2006. While that number is high, it is nearly half of the taxpayer dollars given to assist corporations. That number, a staggering $92 Billion.
Huge, and likely profitable corporations, were able to get tax breaks for themselves, as well as some receive direct spending from the Federal Government.
According to the report, Think by Numbers, the definition of corporate welfare isn’t even lucrative no-bid contracts for defense contractors, but just the massive subsidies offered by the Feds to industries such as coal, wind, ethanol and oil.
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