corporate welfare


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corporate welfare

n.
Financial aid, such as a subsidy or tax break, provided by a government to corporations or other businesses, especially when viewed as wasteful or unjust: "critics who say that letting big companies raise private stock on public land amounts to corporate welfare" (Frank Clifford).

cor′porate wel′fare


n.
financial assistance, as tax breaks or subsidies, given by the government esp. to large companies.
[1990–95, Amer.]
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References in periodicals archive ?
Koch said, 'The big banks have been among the biggest proponents of corporate welfare.
In the last 35 years, states, counties, and cities have enacted 240 "megadeals"--amounting to at least $75 million apiece--that dole out corporate welfare in hopes of spurring "economic development.
Corporate welfare describes public policies that directly or indirectly meet the specific needs and/or preferences of private businesses.
A wealth of interesting, but arguably cherry-picked observations about the extent of the welfare state and the effects of taxation are given, but this is refreshingly accompanied by acknowledgement of the extent of corporate welfare.
It is fair for profits and business success to be reflected in pay, but until these financial institutions are no longer being supported by corporate welfare it is wrong to expect the public to directly fund jackpot pay-outs at the same time as labouring under the weight of depression economics and austerity.
Back in 2008, then-Senator Obama denounced the Ex-Im Bank as a government program that should be "cut back" because it had "become little more than a fund for corporate welfare.
Public officials receive pay-for-play campaign donations from team owners, their consultants, and lobbyists in exchange for corporate welfare and support of eminent domain.
Today's action is the worst kind of corporate welfare that does nothing to create jobs.
Corporate welfare is old news, but a dole for distressed CEOs?
Mr Gilmore also called Nama the "biggest corporate welfare cheque ever written".
The call came at a seminar on "Mental Health Challenges at Workplace in the UAE," organised by the Corporate Welfare Department of ETA Ascon Star Group and the Indian Consulate in Dubai on Saturday.
Here is the problem: While Wyden and DeFazio supposedly opposed corporate welfare by opposing the bailout, they both support massive corporate welfare here in Oregon.