On the recordMarch 9, 1995
Now, at the same time as we are seeing massive cutbacks in heating programs for low-income senior citizens, cutbacks in drug prevention programs, cutbacks in programs for the homeless, does my friend from New Jersey or California or Virginia happen to notice if there are any cutbacks in the corporate welfare programs that are providing tens and tens of billions of dollars of Federal subsidies and Federal aid and tax breaks for some of the largest corporations in the United States of America? Now, maybe they are there. I happen not to have seen them. I have a list of all of the programs. I did not see them. If I might for one moment, and there is a long list, the Progressive Policy Institute, I might say a conservative Democratic organization, suggested that there were tens and tens of billions of dollars of savings if the Congress had the guts to call for welfare reform on large corporations and wealthy people. we all know that. The savings can take place within the energy industry where there are huge tax subsidies for companies who are extracting oil, gas and minerals.
Source
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