Magazine article Insight on the News

Slapping the Outstretched Corporate Hands

Magazine article Insight on the News

Slapping the Outstretched Corporate Hands

Article excerpt

If we give them a right, and if we give them a left, we could score a knockout punch in the first fight against corporate welfare," said National Taxpayers Union Executive Vice President David Keating at the first press conference in late January of the Stop Corporate Welfare Coalition. He was just one member of several policy groups spanning the political spectrum that have united to fight massive federal subsidies to private businesses in a move that could save taxpayers an estimated $11.5 billion over five years.

Conservative groups such as Americans for Tax Reform and the Competitive Enterprise Institute joined forces with consumer activist Ralph Nader and liberal organizations such as Public Citizen and U.S. Public Interest Research Group, or U. S. PIRG, to make the case for abolishing a "dirty dozen" corporate subsidies.

Coalition organizer Rep. John Kasich, an Ohio Republican, and supporter Rep. Robert Andrews a New Jersey Democrat. stressed that because Congress passed welfare reform, it's only fair to move corporation off the dole as well.

The targeted expenditures include subsidies for plutonium processing that benefit the nuclear industry, timber roads in national forests that the coalition believes should be fully funded by the companies and tourists that use them, International Monetary Fund bailouts of foreign governments and fossil-energy research and development that the groups believe should be funded and conducted by the oil companies themselves, among others. …

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