How corporate welfare hurts you

You often hear Trump and Republicans in Congress railing against socalled “welfare programs” - by which they mean programs that provide health care or safety nets to ordinary Americans.

But you almost never hear them complaining about another form of welfare that lines the pockets of wealthy corporations.

We must end corporate welfare. Now.

There are several ways corporations get rich on the taxpayer’s dime. The most obvious comes through subsidies or tax breaks for certain businesses or industries.

Consider the fossil fuel industry, one of the most profitable and privileged sectors of the economy. Every year, oil companies get to deduct millions of dollars from their tax bills for the cost of new wells, oil exploration, and other drilling and mining expenses.

 

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