Koch Brothers Timeline

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15. Welfare Queen Koch Brothers Got $88 Million in Government Handouts

Sky Palma
March 4, 2014

A report from the taxpayer watchdog group, Good Jobs First, shows that socialism for the rich is alive and well.

According to the report, some of the wealthiest corporations in the world are propped up by billions of dollars of corporate welfare payments from state and local governments.

The study says that “three-quarters of all the economic development dollars awarded and disclosed by state and local governments have gone to just 965 large corporations,” not to the small businesses that conservatives claim to be in support of.

Entitled “Subsidizing the Corporate One Percent,” the study claims that thanks to its “Subsidy Tracker database,” is it now possible to “estimate the share of total state and local economic development awards going to the largest corporations.”

“We can also for the first time identify which companies have received the most cumulative awards, both in dollar terms and number of awards,” the studies authors write.

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The infamous Koch Brothers bill themselves as free-market libertarians, championing the self-made ideals that supposedly guided them to their present-day success. But they themselves have benefitted from more than $88 million in government handouts.

read more: http://aattp.org/welfare-queen-koch-brothers-got-88-million-in-government-handouts/