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Eliminate Corporate Subsidies

Eliminate Corporate Subsidies

The BriefGet Up To Speed

The auto industry, agriculture, the energy sector. What do they have in common? These industries benefit from government subsidies in the form of loans, tax breaks, regulation, and other preferences. Critics from the left and right say that not only do these subsidies transfer wealth from taxpayers to corporations, they distort the markets and our economy. Proponents say that government has an important role to play in launching innovation via strategic investment, and its support helps American companies thrive. Do we need subsidies, or is this corporate welfare?

For
Conservative billionaire Charles Koch told his ultra-rich friends that they face a “life and death” decision whether to keep lobbying for tax breaks and government subsidies.
Saturday, August 1, 2015
Philip Elliott
It’s that time of year again, when Republicans and Democrats put aside their differences to dole out gifts of corporate welfare to a lucky few.
Monday, November 23, 2015
Marc Short and Andy Koenig
Corporate welfare in the federal budget costs taxpayers almost $100 billion a year.
Wednesday, July 25, 2012
Tad DeHaven
Corporate welfare or crony capitalism is a destructive force that undermines public trust in the institutions of the free market and in government itself.
Wednesday, June 10, 2015
Romina Boccia
Year after year, Congress has renewed a package of temporary tax provisions known as the “tax extenders.” Nearly all of them should be substantially curtailed or allowed to remain expired.
Monday, November 23, 2015
Against
The case for solar isn’t limited to prices and jobs. Consumers want choice. Unfortunately, in most markets around the country, electricity is still one of the few areas where we have virtually no choice over our supplier.
Tuesday, January 5, 2016
Ben Ho
Taxpayer support for shale fracking went far beyond research.
Monday, October 22, 2012
Michael Shellenberg and Ted Nordhaus
If we are to have a productive discussion of fossil fuel subsidies, it is important that participants understand what they are, their intended purpose, and the projected impact of removing them.
Wednesday, April 25, 2012
Robert Rapier
Government efforts are the source of new technological visions for the future.
Thursday, April 24, 2014
Jeff Madrick
The policy rationale for the R&D tax credit and bonus depreciation is abundantly clear; Congress should extend and then make them permanent.
Monday, October 26, 2015
Joe Kennedy
Background
Subsidy Tracker 3.0 is the first national search engine for economic development subsidies and other forms of government financial assistance to business.
Thursday, July 21, 2016
Over the past 15 years, the federal government has provided $68 billion in grants and special tax credits to business, with two-thirds of the total going to large corporations.
Sunday, March 1, 2015
Philip Mattera and Kasia Tarczynska
Fork over taxpayer cash, or the jobs go elsewhere. That’s the threat behind the bidding wars among corporations, states and cities for factories, offices and other investments.
Thursday, January 14, 2016
Brian Chappatta
A searchable database of incentive spending.
Saturday, December 1, 2012
Louise Story, Tiff Fehr and Derek Watkins
Export-Import Bank
Congress let the Export-Import Bank’s lending authority expire after June 30, 2015, but some House Republicans joined Democrats to force a vote in October to bring back the lender.
Wednesday, March 9, 2016
Brian Wingfield
The Ex-Im Bank has actually returned $2 billion more to the Treasury than it has required to cover operating costs and any bad loans over the last five years. And it helps the United States compete with 50+ other nations that have financing mechanisms for their own firms trying to do business abroad.
Saturday, September 6, 2014
Michael O’Hanlon and David Petraeus
The Ex-Im bank subsidizes politically connected firms by providing them with below market loans. This can boost exports, but the bank also subsidizes imports, leaving its direct impact on the trade balance uncertain.
Monday, July 14, 2014
Dean Baker
For the better part of two years, a group of influential business interests spent hundreds of thousands of dollars pressuring lawmakers to renew the credit export agency that, until recently, was a relatively obscure and uncontroversial provider of loans to foreign buyers purchasing U.S.-made goods.
Friday, December 4, 2015
Catherine Ho and Paul Kane
GE has recently said it would shift hundreds of jobs abroad because of the Export-Import Bank's inability to help finance international deals.
Thursday, October 29, 2015
Marilyn Geewax
Background of the Ex-Im Bank, discussion of the international context of the Bank, an analysis of key issues that Congress may consider in a reauthorization debate, and the congressional outlook on Ex-Im Bank.
Wednesday, March 25, 2015
Shayerah Ilias Akhtar
Farm Subsidies
Vincent H. Smith says farmers should stand on their own. W. Robert Goodman says subsidies are important for food security.
Sunday, July 12, 2015
Vincent Smith and W. Robert Goodman
Like so many government programs — what subsidies need is not the ax, but reform that moves them forward.
Tuesday, March 1, 2011
Mark Bittman
The database tracks $322 billion in farm subsidies from commodity, crop insurance, disaster programs and conservation payments paid between 1995 and 2014.
Wednesday, December 31, 1969
Farm subsidies provided by the federal government are supposed to help agricultural producers manage the variations in agricultural production and profitability from year to year - due to variations in weather, market prices, and other factors - while ensuring a stable food supply. In reality, this support is highly skewed toward the five major \"program\" commodities of corn, soybeans, wheat, cotton, and rice.
Wednesday, December 31, 1969
The Federal Crop Insurance Program is administered by USDA's Risk Management Agency (RMA). The program provides producers with two basic options. They can elect to secure an insurance policy that compensates them if they experience a loss in crop yields or if they experience a decline in revenue.
Wednesday, December 31, 1969
State Incentives
Michigan’s corporate-tax incentives helped jump-start the state’s lagging economy, officials say, but now those same curative measures are hurting the state’s budget.
Wednesday, February 11, 2015
Matthew Dolan
A Times investigation has examined and tallied thousands of local incentives granted nationwide and has found that states, counties and cities are giving up more than $80 billion each year to companies.
Saturday, December 1, 2012
Louise Story
Polls
While most Americans may say oil, gas, and coal companies shouldn’t get taxpayer dollars to help run their business, they are willing to make an exception for alternative energy companies.
Thursday, April 17, 2014
Emily Ekins