Sheldon Richman on the Burden of Corporate Welfare

387d13585437555642 Sheldon Richman on the Burden of Corporate Welfare

Manipulating the tax code to benefit particular
interests has obvious appeal for politicians—it’s a source of power
and influence—and a code that did not permit such manipulation
would be much less attractive to them. Outright cash subsidies from
the taxpayers, while not unheard of, smacks too much of cronyism
and is more likely to alienate taxpayers. But complicated
exceptions written into the tax laws can be presented as creative
governance on behalf of the public interest. But, writes Sheldon
Richman, it is cronyism as offensive as outright subsidies.View this article.

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Sheldon Richman on the Burden of Corporate Welfare

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