Federal Subsidies

Subsidies are direct payments that the government hands out to select communities, industries, businesses and individuals.

They prop up a particular economic activity or sector over their competitors.

These handouts take a number of forms, from payments to mega-farms to payments to airline carriers for flights that no one want—to a hundred other examples.

Unsurprisingly, these subsidies usually go to the wealthy or well-connected, even when they’re supposed to go to the needy. For example, the Community Development Block Grant program was developed to support low-income individuals and address immediate threats to community welfare where “no local funding is available.”

In 2012, however, none of the nation’s 10 poorest counties received any funding through the program. Eight of the 10 richest counties did—two of which, not surprisingly, are adjacent to the Washington, D.C. city limit with easy access to Capitol Hill.

That’s unjust. Politicians and bureaucrats have no business picking the economy’s winners and losers—only consumers have that right.

Sep 28, 2015

As Ex-Im Winds Down, Misleading Rhetoric Ratchets Up

Arlington, VA — Export-Import Bank beneficiary General Electric recently announced that it had reached a deal to create 1,000 jobs in the UK, blaming the move on a lack of U…

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Sep 24, 2015

GE Updated Its Ransom Note — But Their Claims Still Fall Flat

Arlington, VA — General Electric announced this morning that it will create 1,000 jobs in the United Kingdom. GE blamed the expiration of the U.S. Export-Import Bank, despite the fact…

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Sep 10, 2015

A New Round of QE Would Be Good for Big Banks, Bad for Taxpayers

When world stock markets took a dive last month, all eyes turned to the U.S. Federal Reserve (Fed). Conversations that had been focused for months on when the Fed will raise…

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Mar 03, 2015

Freedom Partners Applauds Leaders Taking a Stand Against Export-Import Bank Reauthorization

Arlington, VA – Freedom Partners Chamber of Commerce applauds former Governor Jeb Bush, Sen. Ted Cruz, Sen. Rand Paul and Sen. Marco Rubio for taking a strong stand against cronyism by supporting the…

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