Tag: subsidies

The Return of the Corporate Welfare State

Commentary No one is paying much attention, but Washington is building up a vast new multitrillion-dollar welfare class: corporate America. Deep inside President Joe Biden’s budget are hundreds of billions of dollars of loans, grants, and loan guarantees for corporate America. This Aid to Dependent Corporations is most prevalent in the area of renewable energy….


Biden’s COVID-19 Bill Expands Obamacare Subsidies That Benefit Affluent

WASHINGTON—Democrats are racing to pass President Joe Biden’s economic relief bill by mid-March, amid doubts about the price tag of the package. Buried in the $1.9 trillion stimulus bill is an expansion of Obamacare insurance subsidies, which could provide thousands of dollars to wealthy families who have been least hit by the pandemic, according to critics. Democrats…


US Homeland Security Official Highlights Popular TV Manufacturer’s Ties to Beijing

The U.S. Department of Homeland Security (DHS) Acting Secretary Chad F. Wolf revealed that backdoors had been installed in all the TV sets made by Chinese manufacturer TCL, and that the department was reviewing the company’s activities. Wolf added that the DHS would soon issue a related business advisory to warn against using data services…