Rich elite companies pay no taxes, get your taxes,
and it costs you 10 times as much as social welfare

RESOURCES

Books:

  • Cutting Corporate Welfare
  • Take the Rich off Welfare
  • Corporate Nation
  • Megabankruptcies
  • S & L Bailout
  • Re-thinking Global Economy
  • Who Really Pays?

    Organizations:

  • Citizens for Tax Justice
  • Corporation Watch
  • United for a Fair Economy
  • Responsible Wealth
  • Cato Institute
  • Corporate Welfare Shame Page
  • Global Exchange
  • Common Cause
  • National Center Policy
  • FAIR

    Time Magazine articles:

  • Corporate Welfare
  • Little Guy gets Crunched
  • Become a Top Banana
  • Empire of the Pigs
  • Durant, Where It All Began
  • Time Warner; we play

    		• Government destroys family farms in favor of big corporations
  • May 14, 2002: Bush signs farm subsidies, "bill will endanger the few remaining family farms because of the massive new support for ...factory farms...to swallow up their smaller neighbors."
    Washington Post, Bush Signs Bill Providing Big Farm Subsidy Increases
  • Aug 17, 2001: Big Hog Farms: "Tax payer dollars...pay for environmental damage...which increasingly benefit the wealthiest growers....hastening the demise of the family farm."
    Washington Post, For Big Hog Farms, Big Subsidies
  • April 22, 2002: Vermont Representative Bernie Sanders
    Save the Family Farm Stop the Corporatization of Agriculture
  • Dec 21, 2006: "The shift in subsidies to wealthier farmers is helping to fuel this consolidation of farmland."
    Washington Post, Federal Subsidies Turn Farms Into Big Business

    Corporations pay no taxes, and get yours?
  • October 20, 2000: "Texaco, for example, received a tax rebate of $67.76 million, which meant that it paid taxes at a rate of negative 37.2 percent..."
    Washington Post, Big Firms Said to Avoid Minimum Federal Tax
  • Nov 7, 2001: How Generous Corporate Campaign Donors Save Billions in Taxes - ITEP, Buy Now, Pay Later
  • Oct 19, 2000: ITEP Surge in tax avoidance
  • Feb 3, 2002: Washington Post, Page 10, "Enron paid no taxes in 2000 and received a $278 million rebate..." by Glenn Kessler
  • April 17, 2002: Corporate Welfare Will Cost Taxpayers More Than $170 Billion This Year, Citizens for Tax Justice
  • Jan 17, 2002: Enron paid no corporate income taxes in four of the last five years, Citizens for Tax Justice
  • Feb 29, 2000: "The Treasury Department yesterday launched a broad regulatory attack on tax schemes that have allowed U.S. corporations to avoid billions of dollars a year in taxes and left individuals shouldering a bigger share of the tax burden."
    By Glenn Kessler, Washington Post Staff Writer, Page A01
  • March 18, 2002: "They have no staff, no offices, and no business activity in these countries, and exist for the primary purpose of shielding income from the IRS. "
    Rep Bernie Sanders: We Must Abolish Off-Shore Tax Shelters
  • February 3, 2003: "To save millions of dollars in property taxes, Walt Disney World has cattle grazing on its property, and SeaWorld Orlando and Universal Orlando are in the pine tree growing business." Coasters, cows and cash in Florida

    You pay their expenses, they keep the profits
  • April 17, 2002: "We have got to stop rewarding big corporations for despoiling the environment, cutting jobs and moving operations overseas." Rep. Bernie Sanders
  • March 7, 2001: "The federal government lost $126 million in 1998 from logging on national forests...The agency spent $672 million to administer timber sales.."
    Anchorage Daily News
  • June 30, 2000: "Once NIH has successfully developed a new drug, funded by U.S. taxpayers, it signs over monopoly commercial rights to big pharmaceutical companies which can - and do - charge American consumers as much as they want." Senator Paul Wellstone
  • H.R. 626, "corporate welfare giveaway of billions of dollars worth of taxpayer-financed intellectual property to huge, profitable pharmaceutical companies." Offered by Reps. Bernie Sanders (I-VT), Dana Rohrabacher (R-CA), Peter DeFazio (D-OR), and Tom Campbell (R-CA)

    Terrorism for profit, here is the latest stimilus package:
    $1.4 billion for IBM, $833 million for General Motors, $671 million for General Electric, $572 million for Chevron Texaco, $254 million for Enron

  • Testimony of Ralph Nader Before the Committee on the Budget U.S. House of Representatives June 30, 1999
  • HOW CORPORATE WELFARE WON: Clinton and Congress Retreat from Cutting Business Subsidies
  • The Other Welfare Queens