Corporate Welfare

Watch Stossel Tonight & Tomorrow (Very Special Episode)!

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As Reason regulars know, John Stossel's Fox Business Network show runs every week at 10pm ET. Stossel also runs several specials a year and his next airs tomorrow night at 10pm ET on Fox Business.

The subject? Freeloaders.

Want to know who the country's biggest freeloaders are? Here's a snippet:

Some of America's biggest [welfare] recipients of handouts are rich people.  The biggest corporate freeloaders may be the biggest industrial corporation in the world:  General Electric.

General Electric CEO Jeffrey R. Immelt is super-close to President Obama. The president named Immelt chairman of his Council on Jobs and Competitiveness. Before that, Immelt was on Obama's Economic Recovery Advisory Board. He's a regular companion when Obama travels abroad to hawk American exports. (Why does business need government to do that?)

Stossel reveals his own freeloading.  Federal flood insurance is a freebie for those of rich enough to have waterfront property, Stossel collected on that.  People like Bon Jovi and Bruce Springsteen take advantage of tax benefits that are supposed to help farmers.

Is America becoming a nation of freeloaders? Tune in tomorrow night (Friday) at 10pm ET.

More here.

I appeared on Stossel last week, talking government redundancy and waste with the host and Rep. Jeff Flake (R-Ariz.). Take a look:

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