Corporate Welfare Information Center

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"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)."

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"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

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Corporate Welfare Basics

• #422: Corporate Welfare
• #396: Unfunded Mandates (tax breaks)

Corporate Welfare Examples

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
  • white paper and its summary
  • Policy Analysis on 1996 Budget and its summary
  • Ending Corporate Welfare As We Know It - 1995 Policy Analysis
• Testimony Before Congress:
  • The Advanced Technology Program And Other Corporate Subsidies (testimony before the Senate Subcommittee On Government Management)
  • The Advanced Technology Program (testimony before the House Subcommittee on Technology Committee on Science)
  • Fiscal Year 1998 Budget Authorization for DOE, EPA R&D, and NOAA (Testimony Before the House Committee on Science, Subcommittee on Energy and Environment)
  • 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

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)