A. Barton Hinkle on Cutting Corporate Welfare


Credit: WhiteHouse.gov

America's biggest welfare queen is someone you've probably never heard of. She's Hispanic. She's been living off other people's hard-earned tax money for years. And she's gotten rich doing it.

Her name is Iberdrola. She's a Spanish energy company that has invested in U.S. power facilities. And according to the advocacy group Good Jobs First, she's raked in more than $2 billion from Uncle Sam in just the past few years. It's just the latest example, writes A. Barton Hinkle, of why the time has come to cut corporate welfare.