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

Residents Recognize Medicine Bow Plant Isn’t Worth Their Support

December 22, 2014

Residents Recognize Medicine Bow Plant Isn’t Worth Their Support Last week, it was welcome news to hear that citizens of Hanna, Wyoming are skeptical about the proposed construction of a $2 billion coal to... Read More

Our Take

Billions in Taxpayer-Backed Loans Slated for Risky Nukes

December 10, 2014

Billions in Taxpayer-Backed Loans Slated for Risky Nukes Today the Department of Energy issued a $12.5 billion nuclear loan guarantee solicitation. More of a kitchen sink approach this time around,... Read More

Press Releases

Green Scissors Coalition Releases New Subsidy Database

November 17, 2014

Green Scissors Coalition Releases New Subsidy Database New, interactive database identifies environmentally-harmful government waste... Read More

Letters & Testimony

TCS Submits Comments on Draft Nuclear Energy Loan Guarantee Solicitation

November 04, 2014

TCS Submits Comments on Draft Nuclear Energy Loan Guarantee Solicitation In September, the Department of Energy (DOE) published a Draft Advanced Nuclear Energy Loan Guarantee Solicitation. If finalized, the... Read More

Our Take

Expanded Draft Solicitation for Nuclear Energy Loan Guarantee Released

October 08, 2014

Expanded Draft Solicitation for Nuclear Energy Loan Guarantee Released On September 30, the Department of Energy (DOE) issued a new draft solicitation which, if finalized, would make up to $12.6 billion in loan... Read More

Letters & Testimony

TCS Comments to USDA on New Income Entitlement Programs

August 28, 2014

TCS Comments to USDA on New Income Entitlement Programs TCS sent official comments to the U.S. Department of Agriculture about new crop insurance provisions and shallow loss entitlement programs in the 2014 farm bill. ... Read More

More in-depth material from TCS in Avoid Unnecessary Liabilities
Reports & Data

Superstorm Sandy Spending Report, Two Years Later

October 28, 2014

Wednesday, October 29th marked the second anniversary of Superstorm Sandy hitting the east coast and provided another opportunity to examine... Read More

Fact Sheets

Updated: Biorefinery Assistance Program Fact Sheet

October 03, 2014

The Biorefinery, Renewable Chemical, and Biobased Product Manufacturing Assistance Program (formerly the Biorefinery Assistance Program), administered by the U.S. Department of Agriculture’s (USDA) Rural Development office, is intended to provide grants and loan guarantees to producers of advanced biofuels or heat and power from various bioenergy crops and feedstocks.... Read More

Fact Sheets

Updated: Biomass Research and Development Initiative Fact Sheet

June 20, 2014

The Biomass Research and Development Initiative (BRDI) provides grants to companies, universities, and government research centers to research and develop (R&D) and demonstrate new ways to refine various types of feedstocks and crops into biofuels or biobased chemical and products.... Read More

Fact Sheets

Updated: Biomass Crop Assistance Program Fact Sheet

June 20, 2014 > Updated: July 24, 2014

The Biomass Crop Assistance Program (BCAP), a new program added to the energy title in the 2008 farm bill, was intended to spur development of advanced biofuels derived from non-food and feed crops.... Read More

TCS appearances in the media in Avoid Unnecessary Liabilities

U.S. House Approves Terrorism Risk Insurance

January 08, 2015 | The CT Mirror

Washington – To the relief of the property and casualty insurance industry, the U.S. House on Wednesday approved legislation that would... Read More

Congress Faces TRIA as Opponents Cite Uneventful Dec. 31 Expiration

January 05, 2015 | Congressional Quarterly

Welcome back as the 114 Congress sets up shop this week with one of the early orders of business a legislative leftover from 2014: a renewal... Read More

Fed’s Terrorism Insurance Expires, Leaving Questions

January 05, 2015 | Pittsburgh Business Times

The federal government's terrorism insurance program expired at year's end, leaving questions about whether it will be renewed in 2015, and... Read More

Underwater: Flood Insurance Reform

January 01, 2015 | Earth Island Journal

Claudette D’Arrigo’s residence is located less than a mile from the Atlantic Ocean. When she bought her modest 1,662-square-foot home eight... Read More

Insuring Against Terrorism

December 31, 2014 | U.S. News & World Report

The bickering and stand-offs that the 113th Congress will be remembered for left lots of unfinished business and half-done measures. Rather... Read More

Weekly Wastebasket

Our weekly reality-check for federal spending. View All

January 23, 2015

Dividends of Doing It Differently

Reaction to the President’s State of the Union speech was swift and predictable. Democrats lauded his proposals... Read More