search query: @indexterm welfare / total: 396
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| Author: | Bovard, J. |
| Title: | Corporate welfare fueled by political contributions |
| Journal: | Business and Society Review
1995 : SUMMER, 94, p. 22-29 |
| Index terms: | WELFARE POLITICS COMPANIES |
| Language: | eng |
| Abstract: | The Archer Daniels Midland Corporation (ADM) has been the most prominent recipient of corporate welfare in recent U.S. history. ADM and its chairman Dwayne Andreas have lavishly fertilized both political parties with millions of dollars in handouts and in return have reaped billion-dollar windfalls from taxpayers and consumers. Thanks to federal protection of the domestic sugar industry, ethanol subsidies, subsidized grain exports, and various other programs, ADM has cost the American economy billions of dollars since 1980 and has indirectly cost Americans tens of billions of dollars in higher prices. |
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