It's freakin' unbelievable that Republicans are crying over feeding some kids, while big Corp receives welfare in the $$$BILLIONS every year in the form of tax breaks & subsidies. ANYBODY want to explain why it's OK to do that with say DOW CHEMICAL, but not with little Johnny in kindergarten?
Federal “Corporate Welfare” Database Now Online
Large corporations dominate federal subsidy awards; banks, foreign-owned energy firms and federal contractors among the biggest recipients.
Two-thirds of the $68 billion in business grants and special tax credits awarded by the federal government over the past 15 years have gone to large corporations. During the same period, federal agencies have given the private sector hundreds of billions of dollars in loans, loan guarantees and bailout assistance, with the largest share going to major U.S. and foreign banks.
These are key findings of
Uncle Sam's Favorite Corporations, a study with accompanying database released today by Good Jobs First, a non-profit and non-partisan research center on economic development accountability which receives support from the Surdna Foundation. They derive from the first comprehensive compilation of company-specific federal subsidy data. The study and database are available at
www.goodjobsfirst.org.
The database, which collects more than 160,000 awards from 137 programs, expands Good Jobs First’s Subsidy Tracker, which since 2010 has posted economic development data from states and localities. The federal data was enhanced with Good Jobs First’s proprietary subsidiary-parent matching system, enabling users to see individual entries linked to more than 1,800 corporate parents, along with each parent’s total subsidies.
“For more than 20 years, so-called corporate welfare has been debated widely with little awareness of which companies were receiving most of the federal assistance,” said Good Jobs First Executive Director Greg LeRoy.
“We now see that big business dominates federal subsidy spending the way it does state and local programs,” said Philip Mattera, principal author of the study and creator of Subsidy Tracker. “Our hope is that the new Subsidy Tracker will serve as a resource in the ongoing debates over federal assistance to business," Mattera added.
Federal “Corporate Welfare” Database Now Online
http://www.goodjobsfirst.org/sites/.../subsidizingthecorporateonepercent.pdf#page=1
http://www.goodjobsfirst.org/sites/.../subsidizingthecorporateonepercent.pdf#page=2