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Corporate welfare costs more than pension obligation

Source: The Washington Post

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It's easy to cast about for other big pots of money to raid when these kinds of shortfalls arise, and no politician wants to raise taxes. There is, however, another big expense that tends to get overlooked: The tax breaks states already hand out to corporations, on the theory that they won't stick around without them. In Pennsylvania, they amount to about $3.9 billion per year — several times the $1.4 billion that the state needs to contribute in order to make good on its pension obligations.

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