corporate welfare

1. financial assistance, as tax breaks or subsidies, given by the government to profit-making companies, especially large corporations.

Word History and Origins

Origin of corporate welfare¹

1990–95,

Example Sentences

Texas, a state that has long taken a dim view of Hollywood and what it sees as corporate welfare for liberals, has made a major shift, enacting a law that will provide $1.5 billion in film incentives over the next 10 years.

Read more on Los Angeles Times

The beneficiaries of what can properly be defined as corporate welfare include some of America’s biggest employers, such as Walmart, McDonald’s and Amazon.

Read more on Los Angeles Times

The reason that our system is as broken as it is is because we've allowed the same kinds of corporate welfare policies to abound: whether it's in health care; whether it's in groceries; whether it's in food processing; whether it's in Big Tech and telecommunications.

Read more on Salon

Although he is critical that the tax breaks amount to "corporate welfare" for behemoth companies, Mr Worthington says they are a necessary evil if LA wants to compete - both Australia and the UK now have more lucrative tax breaks than California.

Read more on BBC

Some critics derided the plan as corporate welfare.

Read more on Seattle Times