Mr. Chairman, the fact is that the way I define corporate welfare is when we are taking money from hard-earning, middle-class Americans and putting it in the hands of corporations through subsidies. Now, that is exactly what we do here. And so, in fact, this is one of the biggest programs we have in the entire Federal Government that takes money out of the pocketbooks of Americans and hands it to big corporations. So, Mr. Chairman, in my view, this is a definitional corporate welfare program. It is certainly a corporate subsidy program. It is certainly an industrial policy program, all the things that I think are bad. The fact is we have had a recent report on U.S. competitiveness in USA Today. In USA Today they in fact say that the best things that we do in this country are when we have entrepreneurship and when we do the job of having better investment, not with huge corporate subsidies.
Scott Walker: “Mr. Chairman, the fact is that the way I define corporate welfare is when we are taking money from hard-earning…”
Editor's note · Context
Discussing corporate welfare and subsidies during a committee meeting.
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