The federal Government spent $92 billion in direct and indirect subsidies to businesses and private corporate entities “corporate welfare” . Ex:Boeing, Xerox, IBM, Motorola, Dow Chemical, GE, and farmers.
The mortgage interest deduction is one of the largest federal tax expenditures, $108 billion a year. Goal of expanding home ownership, yet the beneficiary is the banks.
SNAP (Food Stamp Program) benefits costs $76.4 billion in 2013 and supplied roughly 47.6 million Americans with an average of $133.08 per month in food assistance. Not much money, but it is spent quickly on inflated prices on vegetables and food items.
Wal-Mart reported ".......cuts in food stamp support for the poor weighed on US sales and would hit earnings for fourth quarter 2013.
McDonald’s, Wal-Mart and Target together employ several million Americans. While these companies' profits have grown in recent years, most of their workers continue to earn low or minimum wages. Due to low wages, some of the employees are getting government support for housing, Healthcare, etc.
The money is recycled back to various large corporation. Corporate welfare, and Businesses influence have the largest share of the money and tax benefit.
So plan not to get SNAP, but instead go for corporate welfare. It is much generous.
Just a thought.
Yet
the mortgage deduction has evolved into the second-most expensive tax
subsidy in the behemoth code, costing the federal government $99.8
billion in missed revenues in fiscal 2011 alone - See more at:
http://www.thefiscaltimes.com/Articles/2011/06/03/The-Hidden-Costs-of-Cutting-the-Mortgage-Deduction#sthash.ARgkGMM7.dpuf
But
a diverse group of economists say cutting the deduction would have only
a short-term negative effect on the housing market, and would have
little or no affect on lower-income taxpayers from buying homes. That’s
partly because only about two-thirds of the nation’s 52 million
homeowners with a mortgage now take the deduction, according to IRS
data. - See more at:
http://www.thefiscaltimes.com/Articles/2011/06/03/The-Hidden-Costs-of-Cutting-the-Mortgage-Deduction#sthash.w1HUKoON.dpuf
http://www.huffingtonpost.com/bill-quigley/ten-examples-of-welfare-for-the-rich-and-corporations_b_4589188.html
the
behemoth code, costing the federal government $99.8 billion in missed
revenues in fiscal 2011 alone. - See more at:
http://www.thefiscaltimes.com/Articles/2011/06/03/The-Hidden-Costs-of-Cutting-the-Mortgage-Deduction#sthash.LOvjDHUI.dpuf
Yet
the mortgage deduction has evolved into the second-most expensive tax
subsidy in the behemoth code, costing the federal government $99.8
billion in missed revenues in fiscal 2011 alone - See more at:
http://www.thefiscaltimes.com/Articles/2011/06/03/The-Hidden-Costs-of-Cutting-the-Mortgage-Deduction#sthash.ARgkGMM7.dpuf
Yet
the mortgage deduction has evolved into the second-most expensive tax
subsidy in the behemoth code, costing the federal government $99.8
billion in missed revenues in fiscal 2011 alone - See more at:
http://www.thefiscaltimes.com/Articles/2011/06/03/The-Hidden-Costs-of-Cutting-the-Mortgage-Deduction#sthash.ARgkGMM7.dpuf
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