A startling surge in corporate tax welfare is expected to drive corporate income taxes over the next two years down to only 1.3 percent of the gross
domestic product. That will be the lowest level since the early 1980s—and the second lowest level in at least six decades.
For a couple of reasons we should also examine how America's corporations are faring tax-wise. Firstly, one of the things we hear is how it would
help the economy and help businesses if we reduce their tax burden. Second, since complaints from some Conservatives seem to be are that the poor in
America "live on welfare" and represent a drain on society, it is instructive to examine how much welfare America's big corporations get. Our
findings are that:
a. Corporate taxes in the United States are essentially near multi-decade lows.
b. Corporate welfare is astonishing high and represents ~3 times the welfare for poor individuals.
Fact I : 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).
(Ref. 3: This year's corporate welfare figures are ~
Fact II: 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)
welfare is about 3 times more than individual welfare. (See statistics and sources above).
What most people don't think about is that most of the welfare recipients are children
. I don't know about you, but I have no problem
contributing some of my taxes to feed, clothe, house, educate and shelter poor children, they are after all, our nation's greatest resource and the
future of our nation. I'd much rather do that than send these same children off to war 10 years after they're grown, to be blown up, maimed or
The vast majority of people on welfare have been helped by it. They get an education, work hard and are able to raise their children decently.
The welfare budget has historically been between 1% and 5% of the federal budget. Compare that to the over 50%
spent on the military and the
spent on corporate welfare, from the federal budget.
I think you need to do some research first before automatically blaming the poor children of our country for our financial problems. This viewpoint
was first espoused by Ronald Reagan, when he became gov. of California back in the early '60's. A study was done on welfare fraud. Only ONE person
was found to be on welfare, driving around in a Cadillac. ONE person. Yet, the story soon became known as "The Welfare Queens" story.