This section contains 354 words (approx. 2 pages at 300 words per page) |
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Ten million new jobs were created between 1990 and 1999, mostly in small or medium-sized businesses. Fortune 500 companies, on the contrary, eliminated more jobs than they created, and yet they were the principal beneficiaries of corporate welfare. At what cost? asked Barlett and Steele. "The equivalent of nearly two weekly paychecks from every working man and woman in America—extra money that would stay in their pockets if it didn't go to support some business venture or other." The corporate lobby is rich and powerful, however, sponsoring seminars, publishing journals, and operating trade associations. It has access to city halls, statehouses, Capitol Hill, and the White House. Critics and advocates alike agree that government officials were ultimately responsible for the continuation and expansion of corporate welfare. Charles Horn, an Ohio state senator and a persistent critic of corporate welfare, said in 1998: "We know companies are...
This section contains 354 words (approx. 2 pages at 300 words per page) |
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