Federal Crop Insurance Wastes a Billion Dollars on Corporate Welfare

By: Thursday April 12, 2012 11:19 am

The Government Accountability Office took a look at the federal government crop insurance program and the result isn’t pretty. We effectively waste $1 billion a year providing corporate welfare to very large agribusiness operations. From the GAO: If a limit of $40,000 had been applied to individual farmers’ crop insurance premium subsidies, as it is [...]

Nuclear Power’s Existence Dependent on Multiple Forms of Corporate Welfare

By: Wednesday March 16, 2011 3:15 pm

While there is rarely a large sector in our economy that doesn’t tend to get some form of corporate welfare, nuclear power is unique in that it benefits from almost every scheme ever designed by the government to directly or indirectly subsidize an industry. Nuclear power receives direct subsidies, loan guarantees, special tax breaks, government [...]

New Markets Tax Credits: Billions for Big Buildings and Bigger Corporations

By: Wednesday February 9, 2011 12:22 pm

In 2000, Congress approved a program called the New Market Tax Credits with the intent to provide subsidies for development in low income areas–but by gaming the system and using very out-of-date demographic data, huge corporations are getting millions in government money to build high-end hotels and condos. Bloomberg has the story, and I strongly [...]

Ending Government Waste, Corporate Welfare Should be Progressive Priorities

By: Wednesday December 1, 2010 5:25 am

With Washington in the grips of a new wave of deficit hysteria and people in power feeling at this moment an overwhelming desire to make the less advantaged among us sacrifice in the name of austerity, it is normal for progressives to sound defensive around the cackle of deficit chickenhawks. While it is critical that [...]

Bailouts Unlimited: Republicans Demand Corporate Welfare for Oil Companies

By: Wednesday May 19, 2010 9:49 am

Republican Senators support bailouts, handouts and state-provided insurance–for big oil companies. Senators from Oklahoma and Alaska are fighting the effort to lift the puny corporate liability cap of $75 million for disasters like the Gulf of Mexico oil explosion.