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Politics : PRESIDENT GEORGE W. BUSH
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To: ThirdEye who wrote (242344)3/26/2002 4:37:54 PM
From: DuckTapeSunroof  Read Replies (1) of 769670
 
Brilliant Piece. It brings home the true cost of Corporate Welfare to the taxpayers:

Average taxpayers pick up an expensive tab for corporate welfare expenditures. Government spending for corporate welfare programs far exceeds government spending for social programs.

1. Fact: Spending for corporate welfare programs outweighs spending for low-income programs by more than three to one: $167 billion to $51.7 billion (source: Aid for Dependent Corporations, from the Corporate Welfare Project and How Much Do We Spend on Welfare?, from the Center on Budget and Policy Priorities, FY 95 figures)

2. Fact: Total federal spending on a safety net for the poor costs the average taxpayer about $400 a year, while spending on corporate welfare programs costs the same taxpayer about $1400 a year. (source: CBO figures)
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