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To: Skeeter Bug who wrote (94914)	4/16/2001 8:41:30 PM
From: Les H	Read Replies (2) \| Respond to of 436258

eitc also cuts into the FICA tax receipts so that people are getting SS and medicare credits for little or no contribution. cisco's cash flow statement is a poster child for corp welfare.

To: Skeeter Bug who wrote (94914)	4/16/2001 8:44:51 PM
From: Ilaine	Respond to of 436258

The type of corporate welfare you describe is on a state and local level, not federal. One common example is the owner of a sports franchise demanding state and local concessions to keep the team where it is. Another common example is a large corporate employer demanding concessions in order to locate there. It's up to the locals to decide whether that makes good sense and it's a business decision. EITC is federal - it's designed to encourage low income workers to stay off the welfare rolls. Apples and oranges.