Post Tagged with: "subsidies"

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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