8 ) Bonus Depreciation, R&D Tax Credit -- These are well-known corporate boondoggles. The research tax credit was projected to cost $8B for 2010 and 2011, and the depreciation provisions were projected to cost about $110B for those two years, with some of that made up in later years.
And as conservative Congressman Chuck Grassley (R-IA) said of defense contractors in 1986:
They are the new welfare queens, isolated from competition and the consequences of their mistakes and with the government always ready to bail them out".
(Here are some specific examples of welfare handouts to defense contractors, which total many hundreds of billions of dollars per year.)
Next Page 1 | 2 | 3 | 4 | 5 | 6 | 7
(Note: You can view every article as one long page if you sign up as an Advocate Member, or higher).
 27
 
Cutting Corporate Welfare Queens Off from the Dole Would be the Best Way to Cut the DebtBy G Washington (Page 7 of 7 pages) Become a premium member to see this article and all articles as one long page. 1 comment
|
|
 2
 1
 1
Rate It | View Ratings |
G Washington Social Media Pages: 
OpEdNews depends upon can't survive without your help.
If you value this article and the work of OpEdNews, please either Donate or Purchase a premium membership.
If you've enjoyed this, sign up for our daily or weekly newsletter to get lots of great progressive content.
Most Popular Articles by this Author: (View All Most Popular Articles by this Author)
Cheney Admits that He Lied about 9/11
Nuclear Expert: "The Melted Core Cracked The Containment Vessel " There Really Is No Containment" At Fukushima Reactors
9/11 Commission Deceived: An Unintentional Work of Fiction Based on Cheney's (Communist) Torture Program
CIA and FBI Counter-Terrorism Officials: Cheney Lied About 9/11 Hijacker
Action Alert: We Have 1 Week Or Less to Stop Genetically Engineered Foods and Destruction of the Separation of Powers
Cutting Corporate Welfare Queens Off from the Dole Would be the Best Way to Cut the Debt
To View Comments or Join the Conversation:
