Social Welfare Programs Versus Corporate Welfare Programs
There are two major differences between social welfare programs and corporate welfare programs. Social welfare programs are meant to assist the poor, and 100% of all of the money is spent in the U.S. Corporate welfare programs are meant to help ex-patriot U.S. corporations keep Americans unemployed, and 100% of the proceeds are sent and/or kept outside of the U.S.
The use and cost of social welfare programs have increased at the same rate as unemployment, not just nationally, but also regionally. Unemployment has increased with the increased cost of corporate welfare.
With 51% of Americans earning less than $50,000 per year, 1/2 of those live at or below the Federal Poverty Level. Both of those are increases within the last 10 years because of the loss of employment opportunities. If tax paying Americans want more middle class Americans paying taxes, they need to tell Congressional reps to stop sending jobs offshore and stop giving ex-patriot U.S. corporations tax free income.
What is corporate welfare?
Tax breaks, subsidies and exempted fees provided to ex-patriot corporations that are not enjoyed by onshore companies. Assets and/or business entities that are shown to be outside the U.S. that provides no real business purpose or use except to allow tax evasion. Over the next 10 years, the U.S. could be missing out on several trillion dollars of corporate taxes.
What companies get it?
Absolutely every ex-patriot U.S. manufacturer that has any office, contracted facility and even a P.O. Box gets to evade
U.S. taxes. The next time you go to a department store, and look at any product label, that company gets corporate welfare.
Who pays for it?
Households earning less than $250,000 per year and the poor. Middle class Americans pay higher per capita effective tax rates than "wealthier" Americans. Micro, small and macro businesses that do not have offshore assets pay higher effective tax rates on average than ex-patriot U.S. corporations.
If this concerns you, ask your House and Senate Representatives this question and then demand that they revoke these tax
evasion schemes:
Dear Representative/Senator:
Have you ever sponsored, co-sponsored and/or voted in favor of tax breaks for ex-patriot (multinational) U.S. corporations that have fake and/or real operations offshore that onshore corporations do not enjoy?
There is no demonstrated evidence that these tax evasion schemes create jobs in the U.S.; have you made any effort to revoke these tax evasion laws?