You are right, that is crony capitalism. As far as the corporate welfare, that is a term used by the left to get people angry at businesses in general, and then get specific, like - Big Oil, Big Pharma, Big Insurance, etc. They claim to want to close "loopholes" but what they really mean is, don't let them write off legitimate business expenses.
oh I didn’t know that. I have no issue with writing off business expenses. Thank you for the explanation.