WELFARE, WELFARE, WELFARE.
Posted on: December 8, 2017 at 15:03:22 CT
tigerdb MU
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A recent examination of the federal tax code by the Cato Institute’s Tad DeHaven found that each year corporate welfare in the tax code cost taxpayers nearly $100 billion. In some cases, corporate welfare is used by the federal government to fund activities that would not otherwise occur in the private sector, simply because these activities are not economically viable without government subsidies. Not all examples of corporate welfare fit into this category however, as some corporate tax breaks are also designed to subsidize activities that would occur naturally, without government assistance. For either case, corporate welfare is nothing more than the government choosing winners and losers in the private sector.