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.

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

Disaster Reforms for Resiliency

May 21, 2013

Disaster Reforms for Resiliency Over the past decade, extreme weather and storms have become increasingly commonplace – including coastal storms, wildfires, droughts, and... Read More

Letters & Testimony

Support Bipartisan Crop Insurance Reform Legislation

May 15, 2013

Support Bipartisan Crop Insurance Reform Legislation Today, TCS joined 11 other fiscal conservative groups in supporting the Bipartisan Assisting Family Farmers through Insurance Reform Measures Act.... Read More

Letters & Testimony

Fiscal Conservatives Letter on Farm Policy: The “Terrible Twelve”

May 13, 2013

Fiscal Conservatives Letter on Farm Policy: The “Terrible Twelve” Today, TCS joined 10 other fiscally conservative groups highlighting a dozen wasteful farm policy programs. ... Read More

Letters & Testimony

Letter to the Senate: Oppose Fiscally Irresponsible Amendments to S. 601,  Water Resources Development Act of 2013

May 13, 2013

Letter to the Senate: Oppose Fiscally Irresponsible Amendments to S. 601,  Water Resources Development Act of 2013 This bill is irresponsible and we urge you to oppose it and amendments that will make the bill worse.... Read More

Press Releases

Diverse Stakeholders Applaud Renewable Fuel Standard (RFS) Reform

April 10, 2013

Diverse Stakeholders Applaud Renewable Fuel Standard (RFS) Reform Today, a bipartisan set of Representatives introduced a bill to take long overdue steps toward reforming the broken Renewable Fuel Standard... Read More

Our Take

$15 Billion in Taxpayer-Backed Loan Guarantees Likely to Go Out the Door from Flawed DOE Program

March 21, 2013

$15 Billion in Taxpayer-Backed Loan Guarantees Likely to Go Out the Door from Flawed DOE Program The Government Accountability Office (GAO) recently released their annual analysis of the Department of Energy’s (DOE) Loan Guarantee... Read More

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

DOE Loan Guarantees: Overview, Risks, and More

March 18, 2010 > Updated: April 30, 2013

DOE Loan Guarantees: Overview, Risks, and More Created in Title 17 of the 2005 Energy Policy Act, the Department of Energy (DOE) Loan Guarantee Program has received increased scrutiny with the default of a loan guarantee to the solar start-up company, Solyndra.... Read More

Fact Sheet

Biomass Crop Assistance Program Fact Sheet

May 02, 2013

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 Sheet

Biorefinery Assistance Program Fact Sheet

April 30, 2013

Biorefinery Assistance Program Fact Sheet The Biorefinery Assistance Program, administered by the U.S. Department of Agriculture’s (USDA) Rural Development office, was intended to... Read More

Fact Sheet

Department of Energy Loan Guarantees: Biofuels and Biomass

April 30, 2013

Department of Energy Loan Guarantees: Biofuels and Biomass Created as part of the Energy Policy Act of 2005, the Department of Energy’s (DOE) Title XVII Loan Guarantee Program has $34 billion in... Read More

TCS appearances in the media in Avoid Unnecessary Liabilities

Louisiana lawmakers vow to fight again for flood insurance measure

May 15, 2013 | Gannett News Service

WASHINGTON — Louisiana’s two senators vowed Tuesday to continue the battle to delay rate hikes in flood insurance policies after a... Read More

How to Reform the Tax Code

April 24, 2013 | U.S. News

Washington is a town marked more frequently by disagreement than consensus, but there is one point on which almost all parties agree: The... Read More

Homeowner insurance bill hurts taxpayers

April 10, 2013 | The Hill

This month, Rep. Albio Sires (D-N.Y.) reintroduced legislation that would create a federal backstop for disaster insurance, replacing... Read More

Cutting-edge approach needed to revamp flood insurance, flood risk analysis

April 03, 2013 | STL Beacon

WASHINGTON – With the price of flood insurance on the rise and climate change likely to worsen Midwest flooding, a scientific panel wants... Read More

Morning Defense

March 15, 2013 | POLITICO

Biden to welcome Hagel - Senate CR advances - Sequester solutions brewing? - Lawmakers blast AF over sexual assault case - AIA faces... Read More

Weekly Wastebasket

Our weekly reality-check for federal spending. View All

February 08, 2013

Time for a Farm Bill Redo

While much of Washington is bracing for across-the-board cuts, the Agriculture Committees are looking to... Read More