Congressional Issues 2008
POLITICAL ECONOMY
Corporate Welfare

• terminate programs that provide direct grants to businesses;
• eliminate programs that provide research and other services for industries;
• end programs that provide subsidized loans or insurance to businesses;
• eliminate trade barriers designed to protect U.S. firms in specific industries from foreign competition at the expense of higher prices for American consumers;
• base defense procurement contract decisions on national security needs, not on the number of jobs created in key members’ districts; and
• eliminate the income tax loopholes carved out solely for specific companies or industries and substantially lower the tax rate so that there is no net revenue increase.

For examples of ongoing corporate welfare, see Citizens Against Government Waste. Also, The Club For Growth RePORK Card:

• $325,000 for the Institute for Seafood Studies in Thibodaux, Louisiana.
• $250,000 for the Monroe County Farmer's Market in Tompkinsville, Kentucky.
• $150,000 for the restoration of Tarrytown Music Hall in Tarrytown, New York.
• $100,000 for the Myrtle Beach Conference Center in South Carolina.
• $90,000 for the Commercial Kitchen Business Incubator project in Watsonville, California.
• $1 million for potato research in Idaho, Oregon, and Washington.

Your business should not be taxed to subsidize your competitor.

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For information on the "Paulson Plan" Bailout of Sept/Oct 2008, see our Bailout2008 page. See also the following:

• Why Government Should Allow Businesses to Fail
• How Much Red Ink in a TRILLION Dollar Bailout?
• Interest Rates Should be Higher
• Thinking Biblically about the Banking Crisis
• My Message to Leaders
• Government Caused The Great Depression

From the blog:

• The Bailout Reader
• Lessons for Legislators
• The Danger is Defeat, Not Destruction
• Protecting the Poor and America's 401(k)s
• "Coin Money"
• Enslaving Blacks
• Global Monetary System
• Golden Parachutes
• Ron Paul’s Joint Economic Committee Statement
• How Much is a Trillion?
• New Nigerian Scam?
• Sex Education
• Government is the Problem
• Thinking Biblically about the Banking Crisis
• A Government Bailout Analogy
• Interlocking Lies
• Biden: Patriotic to Pay More Taxes
• Who's to Blame?
• Abolish the Constitution
• "We have made lies our refuge."
• The View from Down Unduh
• Income Inequality: What's the Problem?
• No Taxation Without Representation
• The End of the American Empire

Ozarks Virtual Town Hall

• Click here - September 27th, 2008 - The Bailout: Rescue Plan or Enslavement Plan?
• Click here - September 20th, 2008 - Free Enterprise or Fascist Bailouts?
• Click here - July 19th, 2008 - Energy and Housing

The September-October 2008 trillion-dollar bailout is only the largest and most recent government "bailout" of whiny corporations. All Corporate Welfare is unconstitutional and counter-productive. It benefits only a few special interests, not the general welfare.

• Corporate Welfare Cato
• Uncle Sam: Venture Capitalist
• Cato Handbook for 105th Congress: Corporate Welfare
• SUBSIDIES (lp)
• SUBSIDIES (CalifLP)
• Corporate Welfare (10)
• Airline bailout (fmn)
• "Economic stimulus"
• Businessman, Heal Thyself! - The Acton Institute
• Corporate Welfare - The Acton Institute
• Economic Stimulus Packages
• Full Disclosure for Corporate Welfare
• Corporate Welfare
• Grand theft auto: The immorality of business subsidies
• Subsidies at Home, Suffering Abroad - Acton Institute