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 ?
Tory Controller Chris Grayling's signalling of a couple of billion for a pair of runaway tycoons is wealthfare for a super-rich few - with the many picking up the tab.
The list was endorsed by the Coalition on Human Needs, the National Education Association, the Center for Community Change, the Community Nutrition Institute, Common Cause, Tax Watch, and the Corporate Wealthfare Project, among others.
Shields is a researcher and coordinator of the Corporate Wealthfare Project & TaxWatch.
Even within categories we cite figures for, there are often additional wealthfare expenses we haven't been able to nail down.
Wealthfare can't stand the light of day; once it's seen for what it is, there's enormous pressure to eliminate it.
In short, wealthfare presently amounts to three-and-a-half times more than the $130 billion spent on welfare for the poor, and a mere reduction of the pork by 26 percent would allow Congress to eliminate the deficit without further exacerbating homelessness and poverty.
Wealthfare for the well-off has escaped austerity, with subsidies to private landlords doubling to PS9.