Corporate Welfare

Government handouts repeatedly end up in the pockets of giant corporations.Show more

Politicians in Memphis, Tennessee, gave Swedish furniture giant IKEA tax breaks to come to the city and create jobs.

IKEA created fewer jobs than promised, and drove existing small furniture stores -- who still had to pay taxes -- into the ground.

"Where’s our tax break?" business owner Louis Caddell, of "King's Furniture," asked.

Then he went out of business. He couldn't compete with a giant like IKEA that got special breaks.