Corporate Welfare: Hearing Before the Committee on the Budget, House of Representatives, One Hundred Fourth Congress, Second Session, Hearing Held in Washington, DC, March 7, 1996, Volume 4 |
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Administration Advanced Technology Program Agricultural American Beau Boulter benefit bill billion budget offer business subsidies cal Year 1996-Appendix Cato Institute Chairman KASICH Coalition committee CONG CONGRES CONGRESS THE LIBRARY Congressional corporate subsidies corporate welfare costs cut corporate welfare deficit reduction Department Development discretionary due to rounding economic entitlement programs Essential Air Services firms Fiscal Year 1995 flat tax going GREENSTEIN GRES GRESS income industry subsidies issue KOLBE LIBRA LIBRARY OF CONGRESS look low-income programs Marketing Promotion Program Medicare Millions of dollars NOTE.-Unless otherwise indicated Numbers package percent porate welfare Power Marketing Administrations Progressive Policy Institute question RARY Republican RESS SABO Senate Service SHADEGG SHAPIRO sidies SMITH OF MICHIGAN Social Security spending and tax spending programs spending side Steve Moore tax breaks Tax Code tax provisions tax reform tax side tax subsidies taxpayer things total due U.S. Government vote
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Page 22 - STATEMENT OF ROBERT GREENSTEIN, EXECUTIVE DIRECTOR, CENTER ON BUDGET AND POLICY PRIORITIES, WASHINGTON, DC Mr.
Page 1 - silence(s) the contrary interpretations of the past" (Middleton and Edwards, 1990: 8). The Sociology of News Six "prestige papers...
Page 30 - I would like to take this opportunity to thank this committee for the opportunity to testify today...
Page 5 - President to reexamine all industry-specific spending and tax subsidies and phase out those which serve no overriding social or economic purpose. In January 1994, PPI provided a list of such subsidies that we considered proper candidates for reform or repeal, at a savings of some $200 billion over 5 years. At that time, we also proposed that Congress create an independent commission, modeled on the baseclosing commission, empowered to carry put this purpose. Subsequently, PPI has further expanded...
Page 1 - Greenstein, who is the Executive Director of the Center on Budget and Policy Priorities, who has been before this committee numerous times.
Page 4 - ... economic prospects by placing every unsubsidized sector and firm at a disadvantage. From farm supports and tax breaks for oil and gas firms, to taxpayer financing of FAA services for airlines and air travelers, and the business entertainment deduction for professional sports tickets and skybox rentals, these special industry entitlements force taxpayers, consumers and businesses to transfer more resources to influential sectors than markets would otherwise require — and therefore leave less...
Page 4 - ... artificially raise an industry's rate of return, shielding its firms from normal competitive pressures to upgrade their products and production methods. In this context, subsidies and protections ultimately harm those they intend to benefit. Second, industry subsidies weaken our economic prospects by placing every unsubsidized sector and firm at a disadvantage. From farm supports and tax breaks for oil and gas firms, to taxpayer financing of FAA services for airlines and air travelers, and the...
Page 10 - Ending Corporate Welfare as We Know It," indicates that "if all Federal assistance to business were purged from the budget, the budget deficit could be cut in half.
Page 6 - This development has been systemic: It has persisted from business cycle to business cycle; it has affected virtually every sector of the economy; and it has been largely unaffected by changes in policy, even very major ones such as the 1981 tax cuts.
Page 10 - I coauthored a Cato Institute report entitled "Ending Corporate Welfare as We Know It...