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'Corporate socialists' take heat from both sides of the aisle amid bailouts
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With Democrats and Republicans haggling over the latest massive coronavirus relief package, House members from both parties have expressed distaste for federally funded corporate windfalls.
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Last week, Rep. Anna Eskamani, D-Fla., authored a scathing op-ed in the Orlando Sentinel in which she accused Republicans of hypocrisy for blasting leftists as “socialists,” while distributing handouts to big businesses.
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“Our governor and his enablers are proud corporate socialists, the creators and defenders of a system that uses public taxpayer money to pad private corporate profits — particularly for those corporations with the most lobbyists or the biggest campaign contributions,” Eskamani wrote.
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Eskamani focused on state payments to companies like Walmart and Amazon for building facilities in the name of “economic development.”
But criticism of the government giving large sums to major corporations is not only coming from the left. Rep. Thomas Massie, R-Ky., stands firmly against federal corporate bailouts. In a phone interview with FOX Business, he spoke out against legislation bailing out the airline industry. He said that public companies like airlines can ultimately provide for themselves.
“They should make public offerings of stock because they have assets, they have markets,” Massie said, noting that while companies are currently experiencing a down time, they will earn profits in the future, as will their stockholders.