Forge a Bipartisan Approach to End Corporate Welfare

Forge a Bipartisan Approach to End Corporate Welfare

January 23, 2009

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One of government’s primary current undertakings is the transfer of wealth—including through such mechanisms as financial and industry “stimulus” packages, bailouts, and infrastructure “investments.” This money all must come from somewhere. If current taxpayers do not pay the costs for such boondoggles, their descendants will. Well before the economic crisis and the government’s responses to it, direct subsidies to agribusiness and other favored enterprises were pervasive and well known as corporate welfare.