Post Tagged with: "corporate welfare"

President Barack Obama examines a solar panel with Solyndra CEO Chris Gronet (right) and Executive Vice President Ben Bierman, during a tour of Solyndra. (Photo credit: Lawrence Jackson)

Propping Up Corporate America

Conservatives are quick to criticize public welfare for the poor, pointing out that it often undermines natural consequences and the incentives that flow therefrom. Such criticism is often well founded—poverty frequently becomes multigenerational when “solved” by simply throwing money at the poor. But conservatives should no less vehement in their opposition to corporate welfare, a form of welfare that is running rampant while the taxpayers of our country are dying a slow death of a thousand payouts.

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Ethanol plant in Turner County, South Dakota (Photo credit: Jon Platek)

Corporate Welfare a Drag on Everything

Corporate welfare to favored businesses and industries has swelled in this country. Both sides of the political aisle like it and are equally responsible for it. No matter the consequences or cost to taxpayers, corporate welfare is scattered throughout our nation’s spending record. A report by the Cato Institute found that corporate welfare costs taxpayers almost $100 billion a year. While policy makers think they are doing businesses a favor, often the consequences and repercussions aren’t worth the cost. Remember Solyndra?

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