General Discussion

TheNutcracker

(2,104 posts) Tue Mar 17, 2015, 10:36 PM Mar 2015

Uncle Sam's Favorite Corporations: Identifying the Large Companies that Dominate Federal Subsidies

Over the past 15 years, the federal government has provided $68 billion in grants and special tax credits to business, with two-thirds of the total going to large corporations.

An excerpt from the Findings of this report: NextEra Energy, the parent of Florida Power & Light and number two on the list, got about 90 percent of its grants from Section 1603; number three NRG Energy got about 80 percent. Three other companies in the top ten also received large amounts in Section 1603 funds: Tenaska ($132 million), Duke Energy ($473 million) and Exelon ($208 million). Tenaska, however, received an even greater sum from allocated tax credit programs that subsidize coal power projects. Coal grants and allocated tax credits also accounted for most of the funds received by three other top-ten companies: Southern, Summit Power and SCS Energy.

As you see besides the money that Duke Energy stole from its customers for nuclear plants that will never be built and repairs to others they have stolen your tax dollar$ too.

more at link:
http://www.goodjobsfirst.org/sites/default/files/docs/pdf/UncleSamsFavoriteCorporations.pdf
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This is welfare for the richest and most profitable corporations in America. Why don't any of the news outlets make this their top story? Lamestream media...

Thanks, peace and be well...
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