The bloc says the U.S. federal government's share of the alleged illegal payments to Boeing included US$18.9 billion in research funds through NASA and Department of Defense grants, tax breaks and reimbursement of development costs since 1990.
It also claims the state of Washington will provide $4 billion in tax exemptions and infrastructure projects for the exclusive benefit of Boeing by the year 2024. Kansas, meanwhile, is to provide the company with US$900 million in tax breaks and subsidized bonds, said the EU
The vast majority of the alleged subsidies are for payments to Boeing for services rendered to the government," Boeing spokesman Charlie Miller said. "These payments represent the value of those services completely consistent with federal guidelines. They are not subsidies."
The Cato Institute's paper on "The Corporate Welfare State" points out the the Export-Import Bank is itself a vehicle for crony capitalism, citing the fact that they provide funding to some of the largest Fortune 500 firms, none of which that would have any problem funding their own projects or ascertaining non-government funding.