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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.
		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.
		Corporate welfare is a symptom of regulatory capture.
	en.wikipedia.org /wiki/Corporate_welfare (681 words)

	Cutting Corporate Welfare by Ralph Nader
		Corporate welfare-the enormous and myriad subsidies, bailouts, giveaways, tax loopholes, debt revocations, loan guarantees, discounted insurance and other benefits conferred by government on business-is a function of political corruption.
		Perhaps still the largest corporate welfare expenditure of all time-ultimately set to cost taxpayers $500 billion in principal and interest-the SandL bailout is in large part a story of political corruption, the handiwork of the industry's legion of lobbyists and political payoffs to campaign contributors.
		What is the conceivable rationale for a corporate welfare profligacy that spends hundreds of millions on luxury-box-equipped, amenity-filled stadiums designed for the comfort of the wealthy spectators while fiscal constraints force the shut down of participatory high school sports activities.
	www.thirdworldtraveler.com /Nader/CutCorpWelfare_Nader.html (3625 words)

	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.
		Corporate Welfare practices are typically defended politically by wealthy interests.
	www.vdare.com /misc/050127_burns_welfare.htm (1031 words)

	CORPORATE WELFARE
		The issue of concentration of power and the growing conflict between the civil society and the corporate society is not a conflict that you read about or see on television.
		At the federal, state and local levels there is no c oparison between the corporate welfare and poverty welfare programs We have 179 law schools and probably only 15 of them (and only recently) offer a single course or seminar on corporate crime.
		The corporate addictor has a very important role here, since it has been shown in recent months that the tobacco companies try to hook youngsters into a lifetime of smoking from age 10 to 15.
	www.lightparty.com /Economic/CorporateWelfare.html (1834 words)

	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.
		The rationale to curtail traditional welfare programs, such as Aid to Families with Dependent Children and food stamps, and to impose a lifetime limit on the amount of aid received, was compelling: the old system didn't work.
		Corporate executives, after all, have a fiduciary duty to squeeze every dollar they can from every locality waving blandishments in their face.
	www.cnn.com /ALLPOLITICS/time/1998/11/02/corp.welfare.html (1652 words)

	Nader's Testimony on Corporate Welfare
		It is important to understand the political underpinnings for ongoing Pentagon welfare and the failure to crack down on waste, because it illustrates the importance of competition and economic decentralization in curbing corporate welfare, and because it presents a case where outrageous corporate welfare benefits helped consolidate the political influence of narrow business interests.
		With corporate welfare so pervasive at all levels of government and so deeply entrenched thanks to the political maneuvering of beneficiary corporations and allied bureaucracies and legislators, the campaign against corporate welfare must be strategically savvy, multi-pronged and able to both create momentum and to take advantage of external events.
		Such legislation would not propose a permanent ban on corporate welfare, which in any case would always be vulnerable to subsequent legislative action, but would require proponents of particular programs to mobilize support for the affirmative re-commencement of their favored subsidies under both procedural safeguards and reciprocal obligations.
	www.nader.org /releases/63099.html (19148 words)

	Common Cause Urges an End to Corporate Welfare (Site not responding. Last check: 2007-10-22)
		Corporate welfare programs have been detailed and analyzed by a number organizations, including the Congressional Budget Office, CATO Institute, the Progressive Policy Institute and a coalition of groups who authored the "Green Scissors" reports.
		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.
	www.ccsi.com /~comcause/news/corwel.html (2143 words)

	Corporate Welfare (Site not responding. Last check: 2007-10-22)
		Whereas social welfare is concerned with the needs of children, the elderly, and those in society who cannot fully care for themselves, corporate welfare cares for businesses and industries that are often not only developed, but actually stable and quite self-sufficient.
		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.
	www.omsys.com /jeremy/corpwelf.htm (2767 words)

	eRiposte Economy - Tax : Corporate Welfare
		Second, since complaints from some Conservatives seem to be are that the poor in America "live on welfare" and represent a drain on society, it is instructive to examine how much welfare America's big corporations get.
		Corporate taxes in the United States are essentially near multi-decade lows.
		Corporate welfare is astonishing high and represents ~3 times the welfare for poor individuals.
	www.eriposte.com /economy/tax/corporate_welfare.htm (550 words)

	FMN: Policy Spotlight, Feb-March 1997, Corporate Welfare
		Ending Corporate Welfare as We Know It discusses why corporate welfare is bad for the free market and looks at President Clinton's record on the issue.
		Brian Doherty writes that corporate welfare is not always defined correctly and that tax breaks should not be included in the definition.
		John Kasich (R-Ohio) is the chairman of the House Budget Committee and is leading the fight against corporate welfare to balance the budget.
	www.hazlitt.org /spotlight/9702.html (1393 words)

	NPRI Op-Ed: It’s Time to Cut Off Corporate Welfare Queens
		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.
		Polls show most Americans oppose corporate welfare, and a truly eclectic group of advocacy organizations—from the free-marketers at the Competitive Enterprise Institute to the kooky arch-leftists at Ralph Nader’s Public Citizen—joined together a few years ago to form the Stop Corporate Welfare Coalition.
		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.
	www.npri.org /op_eds/op_ed97/071497.html (707 words)

	Surge in Corporate Welfare: CTJ Analysis
		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.
		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.
		In just the most recent two years for which data are available, these ten companies got $29 billion in tax welfare, and paid a mere 5.9 percent of their profits in federal income taxes.
	www.ctj.org /html/corp0402.htm (745 words)

	Citizen Works - Issues
		At a time when the national GDP is soaring but one in five children live in deep poverty, one might expect that a public effort to curtail welfare would focus on big handouts for rich corporations, not small supports for poor individuals.
		These senators are standing up not for their states' best economic interests -- these giveaway mines create few jobs and massive environmental problems with high economic costs in foregone tourist and recreational revenues and uses -- but for the mining companies, which pour millions in campaign contributions into the Congress.
		The first step is to eliminate the corporate tax loopholes - which drain more than $76 billion from the federal treasury in fiscal year 1999, according to conservative estimates by the Office of Management and Budget.
	www.citizenworks.org /issues/democracy/demo-issuepapers-corp-welf.php (458 words)

	Corporate Welfare Controversy (Morgana's Observatory) (Site not responding. Last check: 2007-10-22)
		Corporate welfare has never been viewed as debilitating.
		Nobody talks about imposing worker requirements on corporate welfare recipients or putting them on a program of "two years and you're out." Nobody talks about aid to dependent corporations.
		At the local community level, in cities that can't even refurbish their crumbling schools -- where children are without enough desks or books -- local governments are anteing up three, four, five hundred million dollars to lure very profitable baseball, football and basketball sports moguls who don't want to share the profits.
	www.dreamscape.com /morgana/lysithea.htm (1308 words)

	Corporate Welfare
		Corporate welfare is an encompassing term that means a lot of things to a lot people.
		But we can break this anonymity and see who really owns corporate America and is the beneficiary of corporate welfare?--The top 20%, particularly the top 10% of the wealthiest families in America-which the Jubilee Amendment would tax-are almost exclusively the beneficiary of corporate welfare.
		The fact is that corporations have unjustly benefited from government largesse and we must look to the owners who have benefited from their earnings.
	www.jubileeinitiative.org /welfare.html (1116 words)

	SFBG News \| 33rd Anniversary Issue \| October 6, 1999 (Site not responding. Last check: 2007-10-22)
		NOT SURPRISINGLY, some of the biggest beneficiaries of corporate welfare in San Francisco are the companies with which the city has exclusive, no-bid contracts.
		However, because welfare laws don't recognize how necessary English-language skills are to navigating the system and getting a decent job, many of these people are falling through the cracks.
		ANTHONY AND FREETTA Holmes, a married couple who have been on welfare for more than a decade, were being honored for their outstanding performance in a course designed by the Renaissance Entrepreneurship Center, a group that contracts with the PIC to provide job training for low-income people.
	www.sfbg.com /News/34/01 (866 words)

	OMB Watch - Facts on Corporate Welfare
		Corporate welfare programs are protected at the expense of the poor and powerless.
		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.
	www.ombwatch.org /article/articleview/428/1/87 (344 words)

	RACHEL's Environment and Health Weekly #422
		The PPI argues that decades of free handouts from Uncle Sam to wealthy corporations should be ended because (a) the money would be more productive if it were invested in retraining the workforce, and (b) free handouts to corporations shield them from competition in the global market, ultimately weakening them.
		Corporate welfare has created a culture of dependency that has encouraged certain industries to live off the taxpayers.
		Another form of corporate welfare is the government's failure to charge reasonable fees or sales prices for mining minerals on publicly-owned land.
	www.ejnet.org /rachel/rehw422.htm (1761 words)

	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.
		Worse still is those firms and their workers which do not receive government grants end up subsidizing their government-supported competitors through their taxes.
		Despite assurances from politicians that subsidies serve an overall industrial policy, there is a growing sense among Canadians that government aid to business is about divvying up pork to favoured and politically connected constituencies.
	www.taxpayer.com /main/news.php?news_id=1954 (760 words)

	Congressman Sanders on US Corporate Welfare Giveaways
		The US federal government is guilty of making huge corporate welfare handouts.
		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.
	www.progress.org /corpw30.htm (904 words)

	Corporate Welfare
		The Other Welfare Queens: read this before you complain about tha lady with the Cadillac who is on Food Stamps.
		Corporate Welfare: Great series from the Boston Globe from July 1996.
		Corporate Welfare Resources from Charlotte's Web, a great collection of links to political and economic resources.
	www.csun.edu /~hfspc002/news/welf.html (320 words)

	TAP: Vol 13, Iss. 8. The Unrelenting Corporate Welfare Lobby. Robert S. McIntyre. (Site not responding. Last check: 2007-10-22)
		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.
		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.
	www.prospect.org /print/V13/8/mcintyre-r.html (811 words)

	corporate welfare (Site not responding. Last check: 2007-10-22)
		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.
		Therefore, however enlightened a corporate head may be, however socially conscious his pronouncements, whatsoever the corporate charities, profit is the sine qua non.
	www.webnetarts.com /socialjustice/corpwelf.html (18976 words)

	Public Citizen \| Corporate Welfare - Corporate Welfare
		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 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.
		Public Citizen is helping to lead a major push to reduce corporate welfare.
	www.citizen.org /congress/welfare/index.cfm (198 words)

	Crikey Website - Corporate welfare - a sweet deal for some (Site not responding. Last check: 2007-10-22)
		Crikey's forthright stand on the Great Sugar bail out brought praise and some bagging, but the situation is worse, there's a large dose of corporate welfare - yet again - from the Howard Government.
		The $444 million sugar industry assistance package, to give it its political name, is certainly a sweet deal for the industry, especially all those government members in marginal seats along the Queensland coast.
		This fits in with the strength the growers and their corporate entities have in some areas of coastal Queensland.
	www.crikey.com.au /articles/2004/04/30-0001.html (1391 words)

	corporate welfare supplement (Site not responding. Last check: 2007-10-22)
		Corporate officials and outside auditors for the once-mighty Enron are now suspected of hiding staggering co. losses in order to pocket $1 billion in stock options.
		The now-fallen giant, until recently the country's 7th largest corporation, marched into risky projects abroad, backed by the "deep pockets" of govt financing and with firm and at times forceful assistance of U.S. officials and their counterparts in intl organizations.
		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.
	webnetarts.com /socialjustice/corpwarch.html (16571 words)

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