(In 1994) a House of Representatives investigative team discovered that federal environmental cleanup and defense contractors had been milking federal taxpayers for millions of dollars in entertainment, recreation, and party expenses. Martin Marietta Corporation charged the Pentagon $263,000 for a Smokey Robinson concert, $20,000 for the purchase of golf balls, and $7,500 for a 1993 office Christmas party. Ecology and Environment, Inc., of Lancaster, New York, spent $243,000 of funds designated for environmental cleanup on "employee morale" and $37,000 on tennis lessons, bike races, golf tournaments, and other entertainment. Such activities give new meaning to the term "corporate welfare." (Preceding from the Cato report, which I linked to in previous post.)
Right. The less taxes these corporations pay, the better off America is. |
