The Orlando Sentinel reports that the Republican-controlled legislature passed a tax cut of $500 million that will apply only to the state’s biggest corporations, excluding 99% of all businesses.

The tax bill was quietly passed last year in response to intense lobbying by the state’s biggest corporations. At the time, it’s sponsors said the cuts were small and wouldn’t amount to much.

But $500 million would be enough to double the state’s funding of pre-kindergarten programs, which consistently rank among the bottom 10 in the nation. It’s more than the state spends to combat toxic algae bloom, which threatens the state’s fisheries; more than it spend to combat the opioid crisis; more than it spends buying conservation land and building beaches—combined.

The Republicans who control Florida’s government would rather reward the powerful than to invest in the future.