As T.J. Rodgers said in testimony before the Senate in 1997, and I will submit it for the record, The best way to shut down corporate welfare is to have a yes or no vote on a package of corporate subsidies identified for elimination by an independent commission, as we did in the military downsizing. CEOs would support a fair package proposal to cut corporate subsidies . The best thing government can do to promote economic growth is get out of the way. Let entrepreneurs and the mechanisms of the marketplace determine how the economy s resources will be directed. Terminating corporate welfare programs and reforming the tax code are necessary to level the playing field and reduce government interference.
Private industry can flourish without corporate welfare.
Just as Congress has weaned many families off welfare, it can do the same for corporations. We can stop subsidizing corporations and focus our efforts on real needs.