Add It Up: The Average American Family Pays $6,000 a Year in Subsidies to Big Business
Last edited Thu Sep 26, 2013, 11:04 AM - Edit history (1)
http://www.commondreams.org/view/2013/09/23
Add It Up: The Average American Family Pays $6,000 a Year in Subsidies to Big Business
by Paul Buchheit
Published on Monday, September 23, 2013 by Common Dreams
That's over and above our payments to the big companies for energy and food and housing and health care and all our tech devices. It's $6,000 that no family would have to pay if we truly lived in a competitive but well-regulated free-market economy.
The $6,000 figure is an average, which means that low-income families are paying less. But it also means that families (households) making over $72,000 are paying more than $6,000 to the corporations.
~snip~
Overall, American families are paying an annual $6,000 subsidy to corporations that have doubled their profits and cut their taxes in half in ten years while cutting 2.9 million jobs in the U.S. and adding almost as many jobs overseas.
This is more than an insult. It's a devastating attack on the livelihoods of tens of millions of American families. And Congress just lets it happen.