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Testifying against Corporate Welfare

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My colleague Chris Edwards testified before the House Budget Committee this morning on “Removing the Barriers to Free Enterprise and Economic Growth.” The first half of Chris’s testimony focused on the problems with corporate welfare spending, which costs taxpayers almost $100 billion annually and is the topic of my forthcoming study.

The following are a few of the fundamental problems with business subsidies that we addressed in the written testimony:

  • Business subsidies undermine the bedrock American value of equality under the law. Subsidies advantage certain businesses at the...
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