Wednesday, September 15, 2021

Corporate Welfare

Today's politicians want to spend more on EVERYTHING: Amtrak subsidies, sports stadium subsidies, green energy subsidies, even fossil fuel subsidies .... President Joe Biden says the handouts will "Put more money in your pocket." House Speaker Nancy Pelosi claims they will "Protect the planet for the children."

Memphis politicians can't lower taxes when they're giving big companies tax breaks.

Such tax breaks are complex, so it's big companies with plenty of tax accountants that generally get them.

Farm Bill supporters claim handouts and special crop insurance deals are needed to guarantee America's stable food supply.

"Only the big guys who have the resources" get subsidies, explains Mercatus Center economist Veronique de Rugy.

The Indiana legislature asked Hawkins and Eshleman to give a presentation on farmer's markets and local restaurants.

What really happened was that bigger, politically connected farms used the legislature to ban competition.

https://townhall.com/columnists/johnstossel/2021/09/15/corporate-welfare-n2595867 

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