I am speaking on behalf of this amendment today because I believe subsidizing large corporations represents corporate welfare. Large multinational companies simply should not receive special treatment from the Federal Government. I ran for Congress with the hope of reducing the size and scope of the Federal Government. But how can we ask one sector to accept cuts in Federal subsidies if we are not applying this practice fairly? Like the special interest groups, big business has to wean itself off the Federal dole as well. In order to successfully reduce the size of government, every single line item that the Federal Government funds needs to be reviewed. These items need to meet three criteria: First, is the Federal program achieving its goal? Second, does it represent a true Federal priority? And, third, does it duplicate other existing Federal or private initiatives? The Overseas Private Investment Corporation does not meet these criteria. To begin with, the program is not meeting its intended goals.
Jeff Miller: “I am speaking on behalf of this amendment today because I believe subsidizing large corporations represents corporate…”
Editor's note · Context
Speaking in support of an amendment to reduce OPIC's administrative expenses.
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