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WELFARE REFORM
Welfare Reform
Corporate welfare is premised on the fact that businesses, especially the large ones, need these
tax breaks and subsidies for them to operate well in the economy. However, it is important to
discuss the overall impact that such funds have to the recipient. There is a negative perception in
the American economy that businesses pay too much tax and that they are heavily regulated in
the US. A major differences between social and corporate welfare is the impact that each has on
society. While corporate welfare is largely unregulated, the recipients of social welfare will often
get reminded that such benefits are conditional and that there are some responsibilities that come
with it. Companies that continue to benefit from corporate welfare will continue spread their
business risks with the welfare but do not share any profits they make. Although there are many
social benefits when people get welfare assistance, there is little to no direct benefits that neither
the government nor the politicians receive. Furthermore, social welfare is largely documented
but the government does not reveal any information about the individual recipients of corporate
welfare and the effects that it has on businesses. The corporations fund the politicians to allow
them lobby for different environmental, political or even financial policies or legislations which
favor their businesses.
