High Quality Content by WIKIPEDIA articles! Corporate welfare is a pejorative term describing a government`s bestowal of money grants, tax breaks, or other special favorable treatment on corporations or selected corporations. The term compares corporate subsidies and welfare payments to the poor, and implies that corporations are much less needy of such treatment than the poor. The Canadian New Democratic Party picked up the term as a major theme in its 1972 federal election campaign.Ralph Nader, an American critic of corporate welfare, is often credited with coining the term.