Corporate Welfare Information Center

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http://www.corporations.org/welfare/

 

Corporate Welfare Information Center

 

" The $150 billion for corporate subsidies and tax benefits

eclipses the annual budget deficit of $130 billion. It's more than the

$145 billion paid out annually for the core programs of the social

welfare state: Aid to Families with Dependent Children (AFDC), student

aid, housing, food and nutrition, and all direct public assistance

(excluding Social Security and medical care). " " After World War II,

the nation's tax bill was roughly split between corporations and

individuals. But after years of changes in the federal tax code and

international economy, the corporate share of taxes has declined to a

fourth the amount individuals pay, according to the US Office of

Management and Budget. " --Boston Globe series on Corporate Welfare

 

Corporate Welfare Basics

RACHEL's Environment & Health Weekly newsletters:

 

* #422: Corporate Welfare

* #396: Unfunded Mandates (tax breaks)

 

Corporate Welfare Examples

Common Cause Reports:

 

* Return on Investment: The Hidden Story of Soft Money, Corporate

Welfare and the 1997 Budget & Tax Deal

* Corporate Welfare Issues Page

 

Green Scissors Campaign - Environmentally-Damaging Corporate Welfare

 

Friends of the Earth -- " Economics for the Earth " Reports:

 

* Green Scissors 2000

* Green Scissors '99 - $51 Billion in anti-environmental corporate

pork

* Green Scissors '98 - $49 Billion in anti-environmental corporate

pork

* Green Scissors '97 - $36 Billion in anti-environmental corporate

pork

* Green Scissors '96 - $38.8 Billion in anti-environmental

corporate pork

* Green Scissors report ('95)

(34 choice examples of environmentally damaging corporate

welfare projects)

* Dirty Little Secrets report

(15 of the most unfair and environmentally damaging tax breaks)

* Road to Ruin Report

($10 Billion Worth of harmful, unneeded and environmentally

damaging new highway projects)

 

Taxpayers for Common $ense -- Publications/Reports

 

* The Waste Basket -- a weekly bulletin of wasteful government

spending

* Road to Ruin II (even more pork barrel highways)

* Fossil Fuel Subsidy Factsheet

* Blank Check: The Cost to U.S. Taxpayers of Creating a New

" Takings " Entitlement

 

Citizens for Tax Justice -- Giveaways to the Rich and Corporations

 

* The Hidden Entitlements: Tax Loopholes from A to Z

 

Citizens for Leaders with Ethics and Accountability Now! (CLEAN)

 

* Sports Stadiums

* HUD Abuses

 

Corporate Welfare Mailing lists

Other Resources on Corporate Welfare

Take the Rich Off Welfare, Odonian Press, Zepezauer and Naiman.

191 pages; costs $9.00; available by calling 1-800-732-5786

 

A couple of the fine statistics covered are:

 

" If you cut 26 percent of the welfare now given to the rich you

have instantly balanced the budget. "

 

" If you cut out weathfare, you could pay off the national debt in

11 years. "

 

Sample Legislation to Reform Corparate Welfare

Getting Business Off The Public Dole: State and Local Model Laws to

Curb Corporate Welfare Abuse

An Act To End Business Welfare Abuse: Proposed State Legislation

 

Reports, Articles and Testimony on Corporate Welfare

Essential Information (Ralph Nader) Press Releases on Corporate Welfare

 

Cato Institute (a libertarian think tank)

 

* Archer Daniels Midland: A Case Study In Corporate Welfare

* Cato Handbook for Congress: Corporate Welfare

* How Corporate Welfare Won: Clinton and Congress Fail to

Eliminate Business Subsidies - 1997 Budget

o white paper and its summary

o Policy Analysis on 1996 Budget and its summary

o Ending Corporate Welfare As We Know It - 1995 Policy Analysis

* Testimony Before Congress:

o The Advanced Technology Program And Other Corporate

Subsidies (testimony before the Senate Subcommittee On Government

Management)

o The Advanced Technology Program (testimony before the

House Subcommittee on Technology Committee on Science)

o Fiscal Year 1998 Budget Authorization for DOE, EPA R & D,

and NOAA (Testimony Before the House Committee on Science,

Subcommittee on Energy and Environment)

o Funding at the National Institute of Standards and

Technology (Testimony before the House Subcommittee on Technology)

 

Environmental Working Group Reports on Agriculture Subsidies:

 

* The Cash Croppers: The Top Two Percent Of America's Farm Subsidy

Recipients 1985-1994

* City Slickers: Farm Subsidy Recipients In America's Biggest Cities

* Faking Takings: Farm Subsidies and Private Property in Perspective

* " Freedom to Farm " : An Analysis of Payments To Large Agribusiness

Operations Big City Residents and the USDA Bureaucracy

* Fox in the Henhouse: Cash, Crime & Conflict of Interest in

Federal Farm Subsidy Programs

 

Common Cause's Position on Corporate Welfare

 

Bye-bye corporate tax revenues (1999 CSM article)

 

Boston Globe's Series on Corporate Welfare:

 

* July 7, 1996: Helping Companies Grab All They Can Get

* July 7, 1996: The $150 Billion `Welfare' Recipients: U.S.

Corporations

* July 8, 1996: Tax code gives companies a lift

* July 9, 1996: Business' clout keeps the government breaks coming

 

Philadelphia Inquirer's Series on Corporate Welfare:

 

* June 4, 1995: How Billions in Taxes Failed to Create Jobs

* June 5, 1995: The Price of Keeping Labs Busy

* June 6, 1995: His Biggest Competitor? The U.S. Government

* June 7, 1995: Plans To Save Textile Jobs: A Wash

* June 8, 1995: High-Tech House That Clout Built

* June 9, 1995: A Successful Program, or Millions Down the Drain?

* June 10, 1995: The Perils of Living Grant to Grant

 

The more corporate welfare received, the more layoffs...

 

This is a list of the 8 corporate welfare recipients that were listed

in the first article of the Inquirer series, comparing corporate

welfare received to the number of people layed off in that time

(1990-1994).

 

Welfare recieved Employment

GM $110,600,000 -104,000

IBM 58,000,000 -100,000

AT & T 35,000,000 -1,077 * #

GE 25,400,000 -80,000

Amoco 23,600,000 -8,300 *

DuPont 15,200,000 -29,961

Motorola 15,100,000 +9,600 *

Citicorp 9,600,000 -15,700

 

* exceptions to the trend

# AT & T layed off 40,000 people shortly after this accounting

 

see also: Tax Subsidies Reward Corporate Downsizers (Citizens for Tax

Justice report)

Articles and letters to the editor about Corporate Welfare:

 

* The Real Welfare Cheats: Corporate America

* The Other " Welfare Queens "

* Now Is Not the Time To Increase Corporate Welfare

 

Corporate Welfare Mailing Lists

There are 2 national email mailing lists (listserves) that deal with

corporate welfare issues.

 

OUCH! - newsletter of Public Campaign (sign up here)

 

The Waste Basket - A weekly bulletin of wasteful government spending

from the Taxpayers for Common $ense.

 

Also, Essential Information (a Ralph Nader group) used to run a low

volume announcement list on corporate welfare. The archives are here.

 

Return to the Corporate Accountability Project

 

Last modified: 18 August 2002

 

http://www.corporations.org/welfare/