Corporations receive billions of dollars in free stuff from the government every year. Here is a partial list...
- Energy:This sector receives billions annually through tax incentives and grants.
- Fossil Fuels: Historically, oil, gas, and coal have received over $549 billion in direct tax subsidies. Some estimates suggest "implicit" subsidies (avoided costs for environmental damage) reach $62 billion per year.
- Agriculture: Farmers received $9.3 billion in direct subsidy payments for commodity crops in 2024. The most heavily supported crops were corn ($3.2 billion) and soybeans ($1.9 billion).
- Semiconductors & Tech: Recently bolstered by the CHIPS and Science Act, this sector is receiving over $53 billion in new corporate welfare and tax breaks to secure domestic supply chains.
Boeing is the largest recipient of government subsidies in the United States, accumulating approximately
$15.6 billion in state and local assistance as of early 2026. While Boeing also receives billions in federal contracts, which are technically payments for services, its actual "subsidy" profile consists of massive tax breaks, R&D credits, and low-interest federal loans.
Amazon is the second largest recipient of government subsidies in the U.S. As of early 2026,
Amazon and its subsidiaries (like AWS) have secured at least
$14.4 billion in state and local subsidies across the U.S.. These benefits are largely granted by state and local governments competing to host Amazon’s physical expansion.
For the full fiscal year
2025, Amazon reported a record net income of
$77.7 billion, a
31% increase compared to the
$59.2 billion earned in
2024.