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Tag: Corporate Welfare

Trump Will Continue to Scam the White Working Class. Here’s How to Stop Him.


Progressives need to sharpen their understanding of why blue-collar Americans voted a billionaire into the White House and find a way to connect with them.

Posted on Feb 16, 2017 READ MORE
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Trump Pick for Treasury Chief Is the ‘Ultimate Wall Street and Government Insider,’ Says GOP Lawyer

Steven Mnuchin got rich with taxpayer money in a legal but “distasteful” corporate welfare scheme in which he used dubious mortgages to foreclose on tens of thousands of families through a failed bank he bought cheap in the 2008 Wall Street crash, says California lawyer Saied Kashani.

Posted on Dec 1, 2016 WATCH & LISTEN

Are Big-Business Subsidies Corporate Welfare or Good for the Economy?


Progressive icon Zephyr Teachout and felonious ex-lobbyist Jack Abramoff failed to convince a Manhattan audience on Wednesday that taxpayer subsidies for corporations should be eliminated. What went wrong?

Posted on Apr 6, 2016 READ MORE

VIDEO: Ending Corporate Welfare Now Is Step 6 in Saving the Economy


Corporations aren’t people, despite what the Supreme Court says, and they don’t need or deserve handouts.

Posted on May 28, 2015 READ MORE

Should Companies Have to Pay Taxes?


360b / Shutterstock.com

Reading companies’ annual reports to the Securities and Exchange Commission is a reliable cure for insomnia. Every so often, though, there is a significant revelation in the paperwork.

Posted on Aug 29, 2014 READ MORE

Stadium Subsidies Financed By Pension Cuts


Pavel L Photo and Video / Shutterstock.com

As states and cities grapple with budget shortfalls, many are betting big on an unproven formula: Slash public employee pension benefits and public services while diverting the savings into lucrative subsidies for professional sports teams.

Posted on Jul 25, 2014 READ MORE

Corporate Welfare Gets a Boost From Democrats


White House/Lawrence Jackson

The Export-Import Bank—a government agency providing taxpayer subsidized loans to multinational corporations—has been called “one of the most egregious forms of corporate welfare.”

Posted on Jul 11, 2014 READ MORE

Jolly Old Elephant









Posted on Dec 10, 2013 ENLARGE

Want Food Stamps? Become a Massive Corporation, Says Stephen Colbert

“The Colbert Report” host has figured out a solution to how poor Americans needing food stamps can get them back after the program was removed from the GOP-controlled House’s recently passed farm bill.

Posted on Jul 18, 2013 WATCH & LISTEN

How Facebook Made a Billion Dollars, Paid No Taxes and Expects a Huge Refund


Flickr/Andrew Feinberg

Despite making $1.1 billion after going public last year, Facebook didn’t pay a dime in state or federal income taxes in 2012. Instead, thanks to the social media company’s use of a single tax break, it anticipates getting a massive refund from the government totaling $429 million.

Posted on Feb 17, 2013 READ MORE

Understanding the Fiscal Cliff (in 2 Minutes 30 Seconds)

Democrats, here are eight principles to guide you in the coming showdown over the fiscal cliff.

Posted on Dec 3, 2012 READ MORE

CEO’s Demand Austerity to Fix Budget, Not End to Corporate Welfare


Flickr/Fortune Live Media

A group of corporate CEOs that contributed to the burgeoning deficit crisis want the poor and elderly to largely pay for the mess the greedy Wall Street fat cats helped create.

Posted on Nov 26, 2012 READ MORE

Jobs Report ‘Truthers,’ Romney Cheating Allegations, and More


A look at the day’s political happenings, including Mitt Romney apologizing to nearly half of America, Justice Scalia weighing in on abortion and gay rights, and the horrendous thing Rick Santorum wants to do to Big Bird.

Posted on Oct 5, 2012 READ MORE

Barack to Mitt: Corporations Run the Economy


Flickr/DonkeyHotey

President Obama should send this open letter to his GOP opponent—pronto!

Posted on Sep 27, 2012 READ MORE

Not a Gaffe, but the Real Romney


Flickr/DonkeyHotey

Hey, Mitt, why start with the 47 percent? Fully 100 percent of the nation’s 500 biggest corporations are dependent on various kinds of corporate welfare – subsidies, giveaways, bailouts, waivers and other dazzling preferences – while many pay no tax at all on very substantial profits.

Posted on Sep 20, 2012 READ MORE

Whose Corporations? Our Corporations!


glennshootspeople (CC-BY)

Historically, corporations were understood to be responsible to a complex web of constituencies, including employees, communities, society at large, suppliers, and shareholders. But in the era of deregulation, the interests of shareholders began to trump all the others. How can we get corporations to recognize their responsibilities beyond this narrow focus?

Posted on Apr 7, 2012 READ MORE

The Difference Between Rhetoric and Reality

President Obama went over to Toledo, Ohio, to thank the workers at a Chrysler plant for the bailed-out auto industry’s newfound profitability, but, as this video attests, the workers of that community are not feeling the love from Obama’s corporate welfare.

Posted on Jun 16, 2011 WATCH & LISTEN

Oil Companies Awash in Subsidies

Deepwater Horizon
AP / Petty Officer 2nd Class Scott Lloyd, U.S. Coast Guard

As the government weighs a tax on petroleum production to help pay for the Gulf spill cleanup—and as oil companies cry foul—a quick analysis of the U.S. tax code shows the oil industry to be one of the country’s most heavily subsidized.

Posted on Jul 4, 2010 READ MORE

Do as I Say, Not as I Pay


Wikimedia Commons

Despite the fact that Washington has forcefully discouraged investment in Iran for the past decade, the federal government has given more than $107 billion in contract payments to companies that dealt with Iran or are doing business there.

Posted on Mar 6, 2010 READ MORE

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