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Published byMike Claydon Modified over 9 years ago
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Many Americans believe the Sixteenth Amendment, the so- called income tax Amendment, is the constitutional provision that allows the federal government to impose taxes on the people of the several States. Many Americans believe the Sixteenth Amendment, the so- called income tax Amendment, is the constitutional provision that allows the federal government to impose taxes on the people of the several States.
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Thomas Jefferson on 10 th Amendment
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Corporate Welfare: offer of special favors- cash grants, loans, guarantees, bailouts and special tax breaks – to specific industries or firms. Fiscal 2006………………………………………………………….……….….$92B Fiscal 2009 ……………………………………………………….………..….$200B Stimulus Bill …………………………………………………….……………..$80B for Clean Energy Other Recent Outlays Auto Industry Cash for Clunkers Toxic Mortgages Examples of Corporate Welfare (Power of Lobbyists, Weakness of Lawmakers) Supersonic Transport ……………………….…………….….$2B Carter’s Synthetic Fuel Fuels Corporation ………………...$2B Fannie Mae & Freddie Mac……………………………..……$142B Ethanol Subsidies………………………………………..……$6B/year Broadband …………………………………………….…..…..$9.5B Farm Subsidies……………………………………….….……$20B/year Loans to Car Manufacturing Companies Nissan/Ford/Tesla Motors……………………….……$10B Clean Energy Research…………………………….…….…..$18B Solar Energy Loan Guarantees……………………….…….. $40B Uranium Enrichment Loan Guarantee……………….………$2B Export-Import Bank Loan Guarantees……………………….$14.5B Boeing ($6.4B) GE ($1.0B) Caterpillar ($.4B) On and on
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