Pledging
These are the original issues in this subcategory
  • PRIVATE EQUITY FUNDS
  • FINANCIAL TRANSACTION TAX
  • CORPORATE WELFARE
Winning Issue » CORPORATE WELFARE


Corporate welfare is a nickname that compares government subsidies to corporations with welfare payments to the poor. It is used to describe government subsidies of money, tax breaks or other favorable treatment for selected corporations. Studies show that about $100 billion was allocated in the federal government’s budget for all types of corporate welfare in 2012, not including tax loopholes or trade barriers. Two of the largest recipients of this aid are oil and agricultural corporations. During a time of record oil prices and record profits among oil companies, Congress gave subsidies to oil companies worth $30 billion over the past five years. These companies receive subsidies for oil exploration as well as for the exhaustion of oil and gas wells. Critics say that besides wasting billions in revenue for our Treasury, these subsidies have led to a reckless search for oil in fragile environments like the deep floor of the Gulf of Mexico. They claim the 2010 catastrophe at the Deepwater Horizon oil drilling rig can be directly linked to oil-friendly legislation over the last 20 years.

For many decades, agribusiness corporations have also been receiving corporate welfare. Our government provides unlimited crop insurance subsidies to many large and small farms, guaranteeing payment for damaged crops and low crop prices. Taxpayers pay two thirds of these insurance premiums as well as most of the claims resulting from a disaster. As a result, crop insurance is the most costly and least equitable component of the farm safety net, costing twice as much as direct payments and other subsidies. Some policyholders annually receive more than $1 million in premium support. More than 10,000 policyholders receive more than $100,000 in subsidies each year. Because there are no limits on these subsidies, the largest 1% of policyholders receives about $227,000 while the bottom 80% receives about $5,000 each year.


Pending Legislation:
H.R.1930 - End Polluter Welfare Act of 2015
S.345 - A bill to limit the level of premium subsidy provided by the Federal Crop Insurance Corporation to agricultural producers



Polling Options

  • I oppose reforming corporate welfare policy and wish to defeat H.R.1930 - End Polluter Welfare Act of 2015 or S.345 - A bill to limit the level of premium subsidy provided by the Federal Crop Insurance Corporation to agricultural producers, and also wish to donate resources to the campaign committee of either Rep. Paul Ryan or Sen. Mitch McConnell
  • I support eliminating certain subsidies for oil companies, including loans for fossil-fuel production; closing fossil fuel tax loopholes; ending government-sponsored research on fossil fuels; saving taxpayers over $13 billion annually, and wish to pass H.R.1930 - End Polluter Welfare Act of 2015, and also wish to donate resources to either the campaign committees of Rep. Paul Ryan (WI) and/or Rep. Keith Ellison (MN), or to an advocate group currently working with this issue
  • I support amending the Federal Crop Insurance Act to limit federal crop insurance premium subsidies provided to agricultural producers to $50,000. The limit applies to the total amount of premiums paid by the Federal Crop Insurance Corporation on behalf of a person or legal entity for all policies issued for a crop year, and wish to pass S.345 - A bill to limit the level of premium subsidy provided by the Federal Crop Insurance Corporation to agricultural producers, and also wish to donate resources to either the campaign committees of Sen. Pat Roberts (KS) and/or Sen. Jeanne Shaheen (NH), or to an advocate group currently working with this issue


Winning Option

  • I support eliminating certain subsidies for oil companies, including loans for fossil-fuel production; closing fossil fuel tax loopholes; ending government-sponsored research on fossil fuels; saving taxpayers over $13 billion annually, and wish to pass H.R.1930 - End Polluter Welfare Act of 2015, and also wish to donate resources to either the campaign committees of Rep. Paul Ryan (WI) and/or Rep. Keith Ellison (MN), or to an advocate group currently working with this issue
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Pledge Period - Opening Date
May 28, 2020
Pledge Period - Closing Date
June 10, 2020
Trustee Election - Begins
June 4, 2020


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