Wednesday, December 21, 2005


"The $150 billion for corporate subsidies and tax benefits
eclipses the annual budget deficit of $130 billion.

It's more than the $145 billion paid out annually for the core programs of the social welfare state:
Aid to Families with Dependent Children (AFDC),
student aid,
food and nutrition, and
all direct public assistance (excluding Social Security and medical care)."

"After World War II, the nation's tax bill was roughly split between corporations and individuals. But after years of changes in the federal tax code and international economy,

The corporate share of taxes has declined to a fourth the amount individuals pay,
according to the US Office of Management and Budget." --Boston Globe series on Corporate Welfare