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
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

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

Press Releases

Backlog of Roadway Repairs Threatens State Transportation Budgets Nationwide

March 12, 2014

Backlog of Roadway Repairs Threatens State Transportation Budgets Nationwide New national report examines how much states are spending on new roadways versus investing in repairs.... Read More

Letters & Testimony

Letter to the House: Oppose H.R. 3370

March 04, 2014

Letter to the House: Oppose H.R. 3370 Today, TCS sent a letter to the House of Representative, urging lawmakers to oppose H.R. 3370 and reject efforts to extend taxpayer flood insurance subsidies.... Read More

Statements

TCS Statement on Finalizing of $6.5 Billion Vogtle Loan Guarantees

February 19, 2014

TCS Statement on Finalizing of $6.5 Billion Vogtle Loan Guarantees Statement by Ryan Alexander, president of TCS, on the announcement by DOE Secretary Moniz of plans to finalize $6.5 billion loan guarantees Vogtle Nuclear Reactors... Read More

Our Take

Fisker Automotive is Auctioned Off, DOE Fails to Save Millions

February 13, 2014 > Updated: February 18, 2014

Fisker Automotive is Auctioned Off, DOE Fails to Save Millions Update: The Wanxiang Group has won the auction to acquire the assets of Fisker Automotive with a bid of $149.2 million. Hybrid Technologies,... Read More

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

Medicine Bow CTL Plant: Timeline of Taxpayer Concerns

April 21, 2014

Medicine Bow CTL Plant: Timeline of Taxpayer Concerns In 2008, Medicine Bow Fuel & Power LLC (MBFP) – a subsidiary of Texas-based DKRW Advanced Fuels LLC – applied for a loan guarantee to build... Read More

Fact Sheets

Finances of DKRW - Medicine Bow Loan Guarantee Applicant

April 18, 2014

Finances of DKRW - Medicine Bow Loan Guarantee Applicant In 2008, Medicine Bow Fuel & Power LLC (MBFP) – a subsidiary of Texas-based DKRW Advanced Fuels LLC – applied for a loan guarantee to build... Read More

Fact Sheets

Cost Savings Opportunities in Agricultural Conservation Programs

March 17, 2014

Cost Savings Opportunities in Agricultural Conservation Programs Now more than ever, government spending should be scrutinized to ensure that taxpayer dollars are being spent wisely and targeted toward the... Read More

Fact Sheets

Improving Performance Measurement in Agricultural Conservation Programs

March 17, 2014

Improving Performance Measurement in Agricultural Conservation Programs Our nation’s current fiscal situation is causing every federal program to come under public scrutiny. Agricultural conservation programs –... Read More

TCS appearances in the media in Avoid Unnecessary Liabilities

Arch Coal Writes DKRW Advanced Fuels’ Coal Gasification Project as a $57.7 Million Loss

April 23, 2014 | Casper Star Tribune

DKRW Advanced Fuels' proposed $2 billion coal gasification plant near Medicine Bow lost $62 million during the last seven years, financial... Read More

Energy Department Scraps Millions in Fees for Nuclear Loan Guarantee

April 23, 2014 | Washington Examiner

The Energy Department didn't have to pay millions of dollars in fees designed to prevent risk for taxpayers when it approved $6.5 billion of... Read More

The Super Activist That Sandy Made

March 25, 2014 | The Wall Street Journal

TOMS RIVER, N.J.—With coils dangling overhead and tools scattered at his side, George Kasimos spent a recent evening chain-smoking... Read More

Ohio Roadways Getting Worse Report Says

March 21, 2014 | Dayton Business Journal

Like much of the nation, Ohio's roadways are worsening, according to a new report, advocating more road improvements. In 2008, 62 percent... Read More

States Spend Too Much On New Roads, Neglecting Maintenance, Report Says

March 18, 2014 | WAMU - 88.5

Despite “crumbling” road conditions across the country, states’ departments of transportation continue to spend significantly more money... 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