corporate welfare

New Paper on Federal Business Subsidies

My new paper, “Corporate Welfare in the Federal Budget,” estimates that the federal government spends almost $100 billion a year subsidizing businesses.

Corporate Welfare Fail in Indiana

Corporate welfare is a bipartisan problem, and it’s a problem at both the federal and state level. Yesterday, I discussed the recent demise of Obama-subsidized Abound Solar and the fact that Indiana Republicans were also involved in helping the company obtain taxpayer handouts. Adding insult to injury is another example of “crony capitalism” gone awry in Indiana.

Senate Saves Corporate Welfare Program from 20% Cut

The Senate’s “vote-a-rama” on amendments to the farm bill continued yesterday. Thus far, almost all of the amendments that would have cut spending have failed. One failed amendment in particular is worth highlighting because it demonstrates the blatant disregard for taxpayers that exists in the Senate.

Jeb Bush at the House Budget Committee

Two op-eds in the Washington Post today (here and here) continue the discussion about Jeb Bush’s recent comments to the House Budget Committee. As a co-testifier with Bush, let me give you my impressions of the hearing.

Republicans Join Democrats to Save Corporate Welfare (Again)

Rep. Tom McClintock (R-CA) introduced three amendments to the recently passed Energy & Water appropriations bill that would have eliminated a slew of business subsidies at the Department of Energy. Unfortunately, House Republicans once again teamed up with their Democratic colleagues to keep the corporate welfare spigot flowing.

Corporate Welfare vs. Entrepreneurship

I testified today to Paul Ryan’s House Budget Committee regarding corporate cronyism and the opposite policy of free-market entrepreneurialism. Also testifying was former Florida Governor Jeb Bush.

Testifying Against Corporate Welfare

My colleague Chris Edwards testified before the House Budget Committee this morning on “Removing the Barriers to Free Enterprise and Economic Growth.” The first half of Chris’s testimony focused on the problems with corporate welfare spending, which costs taxpayers almost $100 billion annually and is the topic of my forthcoming study.

CBO Perpetuates Small Business Administration Myth

A new brief from the Congressional Budget Office discusses the role of small businesses in the economy and how they’re affected by federal policy. The CBO cites the Small Business Administration as one example of how federal policy favors small businesses over larger businesses:

Corporate Welfare: A Bipartisan Love Story

I have previously discussed how multiple levels of government work together to provide businesses with taxpayer money (see here and here). And while Republican policymakers have enjoyed making political hay out of the Obama’s administration’s Solyndra problem, the truth is that both parties are willing partners in the corporate welfare racket.

Obama Proposes New Department of Corporate Welfare

Contrary to what various news outlets are reporting, President Obama is NOT proposing to cut government. The administration is proposing to take four independent federal agencies that specialize in corporate welfare – along with the Office of the U.S. Trade Representative – and combine them with corporate welfare programs at the Department of Commerce to form what I would argue should be called the Department of Corporate Welfare.

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