Who is Wolf Giving Your Tax Dollars To?
Next week Gov. Tom Wolf will unveil a “new” budget, with all expectations that it will be just like his first proposal—calling for new taxes on working families. In fact, you can participate in a new contest and guess just how high Wolf’s proposed taxes will be.
But while he’s claiming to need more of your money, Wolf's been busy giving away handouts in the form of corporate welfare.
- In late January, Wolf announced $612,000 in state grants would be given to a company with $5.5 billion in annual revenue.
- Last week, Wolf announced $174,000 in handouts for a corporation with $5 billion in sales—touting “job creation.”
- Yesterday, the state revealed Netflix—valued at $50 billion—would get $18.7 million in subsidies via the film tax credit.
Politicians enjoy issuing press releases when they use taxpayers money to fund projects. We refer to this as “press release economics.” In reality, these corporate welfare programs undermine economic growth—driving up taxes on everyone else, and hindering real jobs creation.
The real question is this: Do we need to ask working families to fork over more of their income while we are doling out hundreds of millions of dollars in corporate welfare?