Trending claims

Many of those projects turned out to be duds and the company might not have pursued them if it had not received federal aid

Corporate welfare draws talented people into wasteful subsidy activities and away from more productive market-based pursuits

Brown was head of the Democratic National Committee when President Clinton named him Secretary of Commerce in 1993

Problem was starkly illustrated by the Ron Brown scandals of the 1990s

Ethanol production has soared which has harmed consumers because food prices have risen as farmland has been converted to ethanol production

Federal government requires ethanol to be used in fuels provides a tax credit for ethanol producers and imposes a tariff on ethanol imports

Many federal programs duplicate activities routinely provided in private markets such as insurance loans and marketing

Distortion causes resources to flow from higher-valued to lower-valued uses in the economy which reduces the nation's output

Corporate welfare creates at least five other types of damage

Department of Energy spends about $9 billion annually on civilian energy research and subsidies

Federal energy research has poor track record energy industry should fund its own research as other industries do

Burdensome tax and regulatory policies helped push shipping-related industries offshore

Nobody knows where the economy is headed in the future especially not politicians in Washington

More than 1800 federal subsidy programs present a wealth of earmarking opportunities for legislators

If subsidies prop up failing companies it makes no sense because such companies probably have products consumers do not want

Members with safe seats often raise excess campaign money from special interest groups offer it to other members for support on bills

Dairy subsidies had support of members from Maine Pennsylvania and Vermont

Former Rep Joe Scarborough of Florida described logrolling that led to passage of bloated 2002 farm bill

Export-Import Bank helps finance foreign purchase of U S goods has been involved in numerous scandals

Amtrak receives more than $1 billion annually in subsidies