Tax Subsidies to Corporate Giants

From the Washington Post:

The low wages paid by businesses, including some of the largest and most profitable companies in the U.S. – like McDonald’s and Wal-Mart – are costing taxpayers nearly $153 billion a year.

After decades of wage cuts and health benefit rollbacks, more than half of all state and federal spending on public assistance programs goes to working families who need food stamps, Medicaid, or other support to meet basic needs. Let that sink in — American taxpayers are subsidizing people who work — most of them full-time  (in some case more than full-time) because businesses do not pay a living wage.

[Actually, it’s worse than that.  Living wage means enough to live on now, while working. Nothing about putting aside enough, or paying back, for the years you don’t work, can’t work, aren’t allowed to work.]

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