Why does the government spend 600 billion on corporate welfare and 100 billion on the peoples welfare?

Answer 1

Bush's purpose in cutting welfare for hungry children, veteran's benefits, education, etc. was in order to have more money for corporate welfare. Those people bought his office for him and are being richly rewarded. What I don't get is why the neocons get so indignant about spending money for food and health care for poor children yet applaud the corporate welfare. I'm talking about the neocons who are too poor to qualify for the corporate welfare.

Answer 2

Do you understand what "corporate welfare" includes? Something such as a tax credit for buying a hybrid car is considered "corporate welfare" because it makes the company selling it more competitive.

This welfare is really the government reducing a corporations taxes by influencing it's behavior.

Answer 3

um where did you get that statistic, if you read the federal budget (not counting state budgets) the Dep. of health and human services spends 350 billion a year for welfare (peoples) and the social security administration spends over 680 billion a year on welfare, while corporate welfare (including grants, tax cuts etc.) is substantially lower than 600B, more on the scale of 150B-200B a year, so mabey you need to get your facts straight

Answer 4

Because the corporations dole out huge sums of cash to political candidates' campaigns. You gotta dance with the one who 'brung ya'.....
I doubt that your figures are accurate, but the fact remains corporate welfare is, indeed, a more egregious waste of taxpayers' money than the relatively small sums we spend on social welfare programs.
Tax abatement's, tax incentives, tax 'breaks' are all rationalized by politicians, claiming such treatment 'creates jobs' and revitalizes the economy.
Such tripe is just one more evidence of how gullible many U.S. citizens are. Corporations are getting tax incentives, then shipping all the jobs to India. WalMart demands tax abatement's from local municipalities, then runs all the independent retailers out of business. The most blatant example of corporate welfare: Halliburton has earned BILLIONS in profits from its war profiteering; it also has an open-ended government contract to build 14 - yes, 14 - permanent U.S. military bases in Iraq; yet, it's moving its corporate headquarters offshore so it can avoid paying U.S. taxes altogether!
Corporate welfare needs to be made illegal. It does not create jobs or boost economies or allow money to 'trickle down'. It steals money from taxpayers, pure and simple, so that corporate executives can pay themselves fat bonuses and fly around in private jets. -RKO- 07/06/07

Answer 5

I heard they spend a trillion on corporate welfare, $0.38 on welfare for people, and 2 trillion on developing a network of underground tunnels for subterrenean go-cart racing.

Answer 6

While I don't doubt the possibility that this information is correct, do you have a link to verify it? I would really like to read this information. I think subsidizing oil companies is the most profoundly stupid thing I can imagine. Using tax payer money to subsidize such a hugely profitable business and then having these companies overcharge Americans for the gas is mind boggling to me. Everything about the Bush administration is odd to say the least.

Answer 7

What is corporate welfare? You mean tax-breaks?
There's a big difference between tax-breaks for corporations (who employee people) and government handouts of tax-payer money to those who refuse to work.

Answer 8

by far the most ignorant question and responses i've seen.not taking a companies money is not welfare, they get tax incentives because they are hiring people and bringing life to the community. it's somehow ok to take productive peoples money and give it to the unproductive ones? that is sick and immoral.

Answer 9

Because corporations provides the people with jobs.

Answer 10

Because corporate campain contributions fund elections and one hand washes the other....it aint like its their money they are giving away anyhow..its ours. There's nothing easier than spending someone elses money.