Bosse Puts Corporate Welfare on the Chopping Block

“50 Days, 50 Ways” Hits $8 Billion in Taxpayer Savings

(Hillsboro) Republican Grant Bosse’s 50-day quest to cut the federal budget targets three more corporate welfare programs, saving taxpayers $495 million a year that currently supports private businesses. So far, Bosse’s initiative has offered more than $8 billion in taxpayer savings.

“Yesterday, Paul Hodes said he wanted to spend an additional $8 billion to make up for slower than anticipated gas tax revenues, but he refused to say how he’s pay for it,” Bosse said. “In just 11 days, we’ve already found enough to completely replenish the Highway Trust Fund. Imagine how much more we’ll save over the next month.”

Bosse proposes eliminating the Clean Coal Technology Program, which underwrites $50 million each year for research that could be paid for by coal companies. Tomorrow, Bosse will call for scrapping the Peanut Subsidy first started in 1933, at an annual savings of $140 million. On Thursday, Bosse will target the International Trade Administration’s trade promotion activities, which spend $350 million annually to provide advice to American exporters already available in the private sector.

“We should find cleaner ways to burn coal. I like peanuts. And I want American companies to be able to export their products. But I don’t want taxpayers footing the bill for any of it,” Bosse added. “We need to end corporate welfare, reduce Congressional interference in the marketplace, and let American businesses flourish free from government intervention.”

Bosse has now proposed more than $8 billion is specific cuts to federal spending, and he plans to offer a new program to eliminate every day until the September 9th Republican Primary. To learn more about Bosse’s aggressive grassroots campaign, go to www.Bosse2008.com.