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Tea Party-minded Congressmen and ideological leftists tend to agree that corporate welfare is bad. Hence, conservatives and liberals recently teamed up to oppose adding $40 billion in loan authority to that bastion of crony capitalism, the Export-Import Bank. Unfortunately, the establishment types in both parties combined to push the extra spoils for Ex-Im through to passage.
Now an even bigger corporate welfare bill – the Farm Bill—is moving through Congress, and it’s garnering even broader support.
Every five years, the House and Senate take up a farm bill. The House is still working up details on its version....
Big Agriculture: The Queen of Corporate Welfare