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we've been talking a lot lately and we will talk later today with conservative
activist phyllis schlafly
about welfare benefits for or lower-middle-class and and
lower-income individuals there's a really
really good article on Huffington Post by Bill Quigley who is a law professor
at Loyola University in New Orleans
and also CCR associate legal director
and he outlines very succinctly and very specifically
sum up the welfare benefits that rich people and corporations are entitled to
in this country
and he talks about state and local subsidies to corporations we've heard
about these
extensively countless big corporations that paid no effective tax at all
we've talked about direct federal subsidies to corporations the cato
institute estimates that federal subsidies
*** cost taxpayers around a hundred billion dollars
every year federal tax breaks for corporations
federal tax breaks listen to this for wealthy hedge fund managers which allow
them to pay
only a 15 percent rate while the people they earned the money for usually pay
something like
35 percent on their earnings %ah
subsidies for the fast food industry mortgage deduction
which is ok or something that cost taxpayers seventy billion dollars and is
skewed significantly
towards wealthier individuals who own property
billions that be are are involved in the bailout of Wall Street
major pieces of legislation containing new welfare for example
the emergency tax legislation passed by Congress in early 2013
huge corporations that are basically allowed to
do things that are legal but there is a blind I turn to them as we see very few
people ever prosecuted for
for Wall Street type high-level ride corruption crime
and then all these tiny little tax breaks and extra things that are
available subsidies for
corporate jets talk about something that really is just for the wealthy
and the funny thing lewis's are we drug testing as a matter of policy big
corporations and rich people
before giving them these welfare benefits no we're not
are we saying that these welfare benefits are hurting the economy because
their point was spending
no are we saying the recipients are lazy and saying why do they deserve
a tax break on the corporate jet we're not saying that
and the bottom line also when we think about the economic effect is
is a tax break on a private jet
s stimulative as putting that same amount of money into food stamps
obviously not what what should we be calling this Louis maybe
welfare that's a pretty good one
yeah I just like corporate welfare to you that's got a nice ring to it
I I can't even fathom the amount of money
that that we would I don't know how s save I guess if it
these corporations in these wealthy people were taxed
I in a way that makes sense I think our financial woes would be
pretty minimal and there's no reason to drug test any of them because of course
really rich people with access to whatever they want
they never used drugs Louis do that I think it'd be a pretty shocking amount
to have but
*** abuse that you discover it you were if you were to start saddam
drug testing all those banksters