Avoid Unnecessary Liabilities

One way the federal government subsidizes private industry is by assuming future liabilities. For example, Uncle Sam provides disaster insurance for oil companies, putting taxpayers on the hook for the costs of cleaning up oil spills. ...More

Taxpayers subsidize the nuclear power industry by guaranteeing repayment of billions of dollars in loans necessary to construct nuclear power plants.

Liabilities for private industries can be an especially dangerous form of subsidy, because the total cost to taxpayers is not necessarily reflected in the initial price tag. Huge, profitable companies like oil and gas companies do not need taxpayer subsidies, nor should Congress selectively prop up failing private companies by assuming their liabilities.

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All the latest content from TCS in Avoid Unnecessary Liabilities
Our Take

DKRW Again Seeking a Loan Guarantee as a Last Resort

July 18, 2014

DKRW Again Seeking a Loan Guarantee as a Last Resort Recently, executives from DKRW Advanced Fuels have said they plan on visiting officials at the Department of Energy (DOE) in the near future... Read More

Our Take

Government Report: Further Delays May Be In Store for Vogtle Project

July 16, 2014

Government Report: Further Delays May Be In Store for Vogtle Project The project to build two nuclear reactors for the Georgia-based Plant Vogtle, owned by Georgia Power and its partners, faces many challenges... Read More

Our Take

Government Audit: NNSA and Contractor Fail To Control MOX Facility Costs

June 02, 2014

Government Audit: NNSA and Contractor Fail To Control MOX Facility Costs The National Nuclear Security Administration (NNSA) and its contractor MOX Services have failed to control the cost and construction... Read More

Letters & Testimony

Official TCS Comments on Farm Bill Implementation

April 11, 2014

Taxpayers for Common Sense submitted comments to the Federal Register concerning the Department of Agriculture's implementation of the... Read More

Our Take

Medicine Bow Liquid Coal Facility Is Still a Bad Bet

April 09, 2014

Medicine Bow Liquid Coal Facility Is Still a Bad Bet According to recent comments made by Wade Cline, the Executive Vice President and General Counsel of DKRW Advanced Fuels LLC, the company is... Read More

Our Take

Energy Tax Extenders in Senate EXPIRE Act

April 03, 2014

On Tuesday, April 1, 2014, Senate Finance Committee Chair Ron Wyden (D-OR) released the version of the tax extenders package that the... Read More

More in-depth material from TCS in Avoid Unnecessary Liabilities
Fact Sheets

Updated: Biomass Research and Development Initiative Fact Sheet

June 20, 2014

Updated: Biomass Research and Development Initiative Fact Sheet The Biomass Research and Development Initiative (BRDI) provides grants to companies, universities, and government research centers to... Read More

Fact Sheets

Updated: Biomass Crop Assistance Program Fact Sheet

June 20, 2014 > Updated: July 24, 2014

Updated: Biomass Crop Assistance Program Fact Sheet The Biomass Crop Assistance Program (BCAP), a new program added to the energy title in the 2008 farm bill, was intended to spur development... Read More

Fact Sheets

Updated: Biorefinery Assistance Program Fact Sheet

June 19, 2014

Updated: Biorefinery Assistance Program Fact Sheet The Biorefinery, Renewable Chemical, and Biobased Product Manufacturing Assistance Program (formerly the Biorefinery Assistance Program),... Read More

Fact Sheets

Federal Support for the United States Enrichment Corporation (USEC): A Timeline of Taxpayer Concerns

June 02, 2014

Federal Support for the United States Enrichment Corporation (USEC): A Timeline  of Taxpayer Concerns The United States Enrichment Corporation (USEC) was established in 1992 as a wholly-owned federal entity until it was privatized in 1998.... Read More

TCS appearances in the media in Avoid Unnecessary Liabilities

Rep. Hal Rogers races clock on spending bills

June 23, 2014 | The Courier Journal

Passing the annual spending bills that pay for the federal government and its programs has been an infamously slow, partisan and frustrating... Read More

Take Advantage of the Calm Before the Storm

June 13, 2014 | US News & World Report

Several recent press reports have highlighted the all but certain increased costs of more frequent flooding in coastal areas as sea levels... Read More

MIT fusion reactor is focus of power play in Washington

June 13, 2014 | Boston Globe

CAMBRIDGE — Senator Elizabeth Warren placed her hand atop a large red button and pressed firmly, restarting a nuclear experiment that MIT... Read More

At MIT, a power play in every sense of the word;  The school’s prized fusion reactor was dead; its federal funding axed. Then its political allies went to work.

June 09, 2014 | Boston Globe

The dream could not be bigger: produce nuclear power without the radioactive waste or meltdown potential. Generate an unlimited clean source... Read More

Op-Ed: A Gust of Nuclear-Powered Hot Air

May 30, 2014 | Other Words published in Devils Lake Journal (North Dakota), Bristol Press (Connecticut)

Have you heard how nuclear power is a low-carbon solution that could ratchet down climate change? Even former Environmental Protection... Read More

Weekly Wastebasket

Our weekly reality-check for federal spending. View All

November 08, 2013

Ripping Up Reforms, Ripping Off Taxpayers

Volume XVIII No. 45 The tragic storm season of 2005 included not only Hurricane Katrina, but also Hurricanes... Read More