Thursday, October 10, 2013

Oregon Corporate Welfare System

How much do we pay corporations just to stay here?  The information is fragmented all over the place, but the NY Times has pulled it all together and listed the names of the top recipients of corporate welfare over the entire US, broken down by State.  By national standards Oregon is a middle of the road corporate welfare state, spending only $850 Million a year or $226 per capita yearly.  That is $226 for every person in the State, every year, and that doesn't even include the tax breaks we gave to Nike last year, the top name on the list is Intel.

Nationally the NY Times estimates $80 Billion a year is given to corporations, which works out to about $256 bucks a year for everybody, babies and retired included.  Corporations know how to play the system for free handouts, and they do it every day with the cities and States begging them to relocate.

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