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Feminist Budget
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Texas Instruments

(Left to Right): William P. Weber, Vice Chairman: William B. Mitchell, Vice Chairman; and Jerry R. Junkins, Chairman, President and CEO

In 1994, Texas Instruments got a $13 million handout from the Defense Department's Technology Reinvestment Project. This money was used in research and development on "Field Emissive Displays"--part of the manufacturing of televisions and computer monitors.

The nation's largest corporations and richest citizens receive more welfare money than our social welfare programs. In 1994, the United States spent $104.3 billion on corporate welfare and $619 billion on the military, while spending only $14.4 billion on Aid to Families with Dependent Children (AFDC.) Federal aid to corporations and wealthy individuals includes bailouts, export promotions, loans, loan guarantees, debt forgiveness, below cost sales, interest free financing and other benefits. The current republican Contract ON America legislation calls for wiping out most of the remaining corporate income tax. These "wealthfare" and military expenditure policies are responsible for straining the federal budget.

Social welfare programs account for a small amount of the national budget. AFDC is less than 1% of the federal budget and, on average, no more than 2% of each state's fund. If AFDC is cut as part of the Contract ON America, 6.3 million people will lose food stamps, 3 million women and children will lose Women Infant And Children (WIC) assistance; and 3 million children will become ineligible for school lunches. These attacks are aimed primarily at poor families, 90% of which are run by single women. AFDC will be turned into block grants, administered at the whim of state governments. States will no longer be required to match federal outlays.

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© 1996, The Feminist Majority Foundation and New Media Publishing Inc.