Whoever said "ADFC" is stuck in the 20th century. In 1996 the ADFC program was revised and renamed TANF.
The government provides aid to both individuals in need, and to corporations. Someone already listed some of the programs for individuals: TANF, SNAP, WIC, Medicaid, FHA's housing assistance, etc. But what about corporate welfare?
Here's a paper from the Cato Institute that describes various types of corporate welfare: http://www.cato.org/pubs/pas/PA703.pdf
Examples of corporate welfare described in the paper:
1. Community Development Block Grants.
The Department of Housing and Urban Development’s Community Development Block Grant program funds efforts to develop local communities. A large portion of the funding is channeled to businesses. For example, a craft brewery in Michigan recently received $220,000 to help it expand its brewing capacity. That subsidy might be good for the brewery, but it was paid for by raiding the wallets of federal taxpayers...
2. Rural Subsidies.
The Department of Agriculture’s Rural Business-Cooperative Service provides subsidies to businesses in rural areas of the country. One of its programs, the Value-Added Marketing Grant program, will hand out about $56 million this year to “producers of agricultural commodities” to help them make and market their products. Wineries across the country have recently been receiving these grants.4 Once again, the grants are good for the particular wineries, but they come at a cost to both taxpayers and to wineries that don’t receive federal aid.
3. Farm Subsidies.
Federal farm programs redistribute wealth from taxpayers to a small group of relatively well-off farm businesses and landowners.
4. Small Business Subsidies.
5. Water Subsidies.
For more than a century, the Interior Department’s Bureau of Reclamation has subsidized irrigation in 17 western states. It builds and operates dams, canals, and hydroelectric plants. About four-fifths of water supplied by Reclamation goes to farm businesses, and the agency underprices water to those users the most. These subsidies encourage farmers to grow crops in areas where it is inefficient or unsuitable to do so.
6. High-Speed Rail.
7. Energy Subsidies.
The U.S. Department of Energy (DOE) has been subsidizing the development and commercialization of “alternative” fuels for decades. Successive administrations have attempted to plan for the country’s future energy needs by effectively throwing taxpayer money against a wall and hoping that something will stick. For example, the DOE has been funding “clean coal” research for decades, but it has little to show for the effort.
8. Automaker Subsidies.
The Department of Energy’s Advanced Technology Vehicles Manufacturing (ATVM) Loan Program provides subsidies to companies to develop “greener” automobiles.
9. Maritime Subsidies.
The Federal Maritime Administration’s Title XI program guarantees loans made to companies to purchase vessels constructed in U.S. shipyards.
And that's not all of them. Note that the Cato Institute is a conservative organization. If you look at a more liberal website that lists corporate welfare programs, you'll learn that highly-profitable oil companies receive some corporate welfare from the federal government as well. Google it to learn more.
· 7 years ago