Corporate welfare is an outcrop of Reaganomics, the discredited policy of getting out more by putting in less.

Tax cuts did not increase government revenue. Legalizing and incentivizing the worst practices of greed did not result in shared wealth. Giving away taxpayer’s money to rich investors does not stimulate the economy.

For 50 years, America made great strides with progressive values and Keynesian economic policies. Graduated taxes that rose with one’s ability to pay and responsible public investments in the working people created a large, prosperous and growing middle class.

Rules that favor labor, protect consumers and make people better — with programs and services like free public education and Medicare — return more for our money because they invest in our future.

Reagan’s presidency set up our country for failure. We’re on track for a $37 trillion national debt, the middle class fell from 65% to 40% of our population, and people with two jobs have trouble making ends meet. Forty years of Supply Side lunacy has left us broke and busted.

Corporate welfare is just one aspect of Reaganomics that has disappointed but it is a failure nonetheless. A return to liberal welfare-state policies as exhibited in the New Deal and Great Society programs that made America the richest nation on the planet is the only course of action that makes sense.

Corporate welfare and tax cuts for the rich should go extinct.

Lisa McCormick