Subsidy Reform Quotes



Despite developed nation calls for free trade, The US, EEC and Japan maintain an extensive system of agricultural subsidies which are politically difficult to eliminate while expecting developing nations to eliminate their protectionist practices.


At the time there were tax breaks for large yachts but not for small boats that a middle class person might own. It was another example of the tax laws at the time where the poor paid only Social Security taxes, and the rich lobbied for an got very large tax breaks and subsidies and hence the burden was carried by an increasingly stressed middle class .and by cuts in services to the needy. The companies that made the yachts also supported the tax breaks as did the unions and workers in the industry. . See {624984}. .