Believable?

Do you believe that "State and local governments have awarded at least $110 billion in taxpayer subsidies to business, with 3 of every 4 dollars going to fewer than 1,000 big corporations"?. That's the claim made by David Cay Johnston based on a report by an organization called Good Jobs First.The organization studied state and local government agencies that it believes subsidize companies in ways such as cash giveaways, building and land transfers, tax abatements and steep discounts on electric and water bills. It has developed a database you can access to see just what subsidies have been provided. The five companies receiving the most money are Boeing ($13.2 billion) Alcoa ($5.6 billion), Intel ($3.9 billion), General Motors ($3.5 billion) and Ford Motor ($2.5 billion).