“However, Eisenhower’s administration thought that instead of subsidizing big businesses, the government should subsidize small businesses. In 1953, Congress created the Small Business Administration, which was initially “as partisan for the Republicans as the RFC had been for Democrats.”12 This unneeded small business subsidy machine remains in operation seven decades later.
In the decades since the 1950s, Congress has put many industries on the federal dole, including energy, ethanol, automobiles, aviation, urban transit, broadband, semiconductors, housing development, and manufacturing. There has been bipartisan support for most of these expansions in corporate welfare. These subsidy efforts, along with trade protections, are often called industrial policy.”
https://www.cato.org/policy-analysis/corporate-welfare- federal-budget-0#modern-era-corporate-welfare
Corporate Welfare should be our focus on cutting costs.
Why do we still subsidize businesses that are making outrageous profits?
In the decades since the 1950s, Congress has put many industries on the federal dole, including energy, ethanol, automobiles, aviation, urban transit, broadband, semiconductors, housing development, and manufacturing. There has been bipartisan support for most of these expansions in corporate welfare. These subsidy efforts, along with trade protections, are often called industrial policy.”
https://www.cato.org/policy-analysis/corporate-welfare- federal-budget-0#modern-era-corporate-welfare
Corporate Welfare should be our focus on cutting costs.
Why do we still subsidize businesses that are making outrageous profits?