Consider Koch Industries. Despite the Koch Brothers being the biggest financiers of the anti-government right, and despite their billing as libertarian âfree marketâ activists, their company has relied on $88 million worth of government subsidies. http://pando.com/2014/02/26/fortune-500-companies-receive-63-billion-in-subsidies/
Nearly all the "subsidies" sited for Koch industries are tax rebates and credits from states and local governments. So Koch got money off the taxes they paid by creating jobs or improving property. It is not like the government handed the company cash. This hardly qualifies as "welfare". Do you take a deduction for you home's mortgage interest - it's nearly the same thing. If you do then by your definition you are getting a subsidy and basically are on welfare.
He doesn't take an interest deduction because he's just a kid in high school, believing whatever he reads.
Maybe this is how Romney got his "47%". But it is a subsidy nevertheless, it "makes life easier". Anyway, in terms of the budget balance, ceteris paribus, the result is the same