Robert Reich: Stop Corporate Welfare
on Thursday, July 2, 2015Robert Reich Money Quotation saying government funded corporate tax breaks and financial advantages must end. Robert Reich said:
“We have to demand an end to corporate welfare… No more specialized tax breaks, no more exemptions, or bailouts or special treatment, no more crony capitalism. We must eliminate all corporate handouts and do it now” — Robert Reich
In this quote, Robert Reich is advocating for ending various forms of “corporate welfare” provided by the government. He calls for no more tax breaks, exemptions, bailouts or other special treatment solely for corporations.
Reich also refers to this system as “crony capitalism”, suggesting corporations have undue influence over policymaking. By demanding an end to “all corporate handouts” immediately, he appears to believe businesses have received too much taxpayer-funded support at the expense of ordinary citizens.
Overall, Reich seems to be arguing that corporations should not receive preferential treatment or subsidies from the government, and the current system unfairly benefits businesses over people through this “corporate welfare”.