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How Corporate Welfare Hurts You

July 18, 2019

Here’s a fact from Robert Reich’s article that should concern every school board member and public school employee in America: State and local tax breaks for corporations are estimated to cost local schools almost $2 billion a year in lost tax revenue. 

And here’s the concluding paragraphs from Mr. Reich’s article:

Here’s the bottom-line: When corporations get special handouts from the government, it costs the rest of us. We have to pay more in taxes to make up for these hidden tax breaks, subsidies, and loopholes. In turn, there’s less money for good schools and roads, Medicare and national defense, and everything else we need.

So the next time you hear conservatives railing against welfare handouts for the poor, remind them that we should really be cutting corporate welfare – unnecessary and unwarranted aid for dependent corporations.

This article, (and this blog) is full of specific examples of corporate welfare. I would hope by November of 2020 that all voters equate “tax breaks” with “welfare”… they ARE the same thing!

Source: How Corporate Welfare Hurts You

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