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How much does corporate welfare cost you?

 
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How much does corporate welfare cost you?

According to a new study by the Open Books Institute, the federal government spent more than $1.2 trillion on direct payments to big corporations between 2000 and 2012. (Hat Tip: The Advocates for Self-Government). Stephen Moore of National Review provides more details: ……But corporate welfare has strong claimants: deep-pocketed business interests that rely on federal […]


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Foreign Aid: It’s (General) Electric

Last week, I blogged about President Obama’s decision to increase “security cooperation” and make “significant new investments in African peacekeeping” following the U.S.-African leaders summit.  President Obama also announced that the federal government would be spending an “additional” three million dollars on the “Electrify Africa” program.  This program provides taxpayer-backed loans to electricity projects in […]


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Travel Promotion Authority case study in how Congress lobbies K Street

Tuesday the House of Representatives passed legislation renewing the Travel Promotion Authority. The Travel Promotion Authority is a public-private “partnership” formed in 2009 to encourage people from other countries to visit the United States. The Travel Promotion Authority runs the “Brand USA” program which funds advertising to promote tourism. It is funded by voluntary contributions […]


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OPIC reauthorization passes; GOP leader gloats

Earlier this week, I blogged about the Electrify Africa Act which, in addition to sending taxpayer money overseas to finance African “electrification” projects for the benefit of the large corporations which finance, build, and profit from these projects, reauthorizes one of the US Government’s biggest corporate slush funds: the Overseas Private Investment Corporation (OPIC). Yesterday, […]


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Local governments “safety” regulations strangling economic opportunity

Campaign for Liberty members are well-aware of how many federal regulations serve to benefit powerful corporate interests at the expenses of smaller competitors and consumers. For example, the regulations outlawing incandescent light bulbs just happen to force us to use a product manufactured  by General Electric, while so-called “consumer safety” legislation passed to “product the […]


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