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Argument: Existence of corporate subsidies helps justify progressive taxes

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Michael Parenti notes the "whole basketful of handouts” given to the business class "from federal, state and local governments…[B]illions of dollars in start-up capital, research and development funding, equity capital, bailout aid, debt financing, low-interest loans, loan guarantees, export subsidies, tax credits, and other special favors."[1]

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