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

Fiscal Conservative Coalition Tells Congress to Scrap OCO Deadline Gimmick

July 12, 2016

Fiscal Conservative Coalition Tells Congress to Scrap OCO Deadline Gimmick On Tuesday, Taxpayers for Common Sense joined with 17 other fiscal conservative organizations in sending a letter to all members of Congress... Read More

Letters & Testimony

TCS VP Testifies at House Hearing on Water Settlements

May 24, 2016

TCS VP Testifies at House Hearing on Water Settlements Today, Vice President of Taxpayers for Common Sense, Steve Ellis, is at the House Committee on Natural Resources testifying on a deal... Read More

Letters & Testimony

TCS Urges the House to Support Flood Insurance Bill

April 26, 2016

TCS Urges the House to Support Flood Insurance Bill On Tuesday, TCS sent a letter to the House of Representatives voicing its strong support for H.R. 2901 - the Flood Insurance Market Parity and... Read More

Letters & Testimony

Letter to House: “National Catastrophe Fund” Would Be Financially Catastrophic

April 21, 2016

Letter to House: “National Catastrophe Fund” Would Be Financially Catastrophic On Thursday, Taxpayers for Common Sense and six other oganizations sent a letter to the House of Representatives voicing the coalition's... Read More

Our Take

Peabody Declares Bankruptcy, Could Leave Clean-Up Costs to Taxpayers

April 14, 2016

Peabody Declares Bankruptcy, Could Leave Clean-Up Costs to Taxpayers The largest U.S. coal company declared bankruptcy Wednesday, potentially leaving $1.4 billion in clean-up costs to taxpayers.... Read More

Statements

TCS Statement: Peabody Declares Bankruptcy, Taxpayers On The Hook

April 13, 2016

TCS Statement: Peabody Declares Bankruptcy, Taxpayers On The Hook Today, the largest U.S. coal producer, Peabody Energy, which currently holds $1.4 billion in self-bonded clean-up or reclamation... Read More

More in-depth material from TCS in Avoid Unnecessary Liabilities
101

Just the Facts: The Federal Crop Insurance Program

May 13, 2016

Of the many federal subsidies for the agriculture sector, the federal crop insurance program is the most expensive. To help policymakers... Read More

Reports & Data

Disaster Spending Data Resources

January 28, 2016

To increase transparency and facilitate oversight of disaster-related relief spending, TCS has collected all, or most, of the publicly... Read More

Fact Sheets

Coal Bonding: Time to Revisit Self-Bonding Requirements

November 09, 2015

For centuries, coal producers in the U.S. regularly abandoned their mines when on-site operations ended, leaving tens of thousands of... Read More

Fact Sheets

Better Targeting Conservation Spending: The 2014 Farm Bill

September 30, 2015

Taxpayer dollars must be managed in a manner that produces measurable outcomes and the best return on investment. The United States Department... Read More

TCS appearances in the media in Avoid Unnecessary Liabilities

Urge Representatives to Reform Flood Insurance Program

November 17, 2016 | The Des Moines Register

The Nov. 7 editorial "All Iowans should have flood insurance option” highlighted the need for more Iowans to obtain flood coverage through the... Read More

Down on the Farm

August 15, 2016 | National Review

Small farmers face regulatory burdens, negative stereotypes, and children fleeing the family business. Lucy and Joe Lourenco emigrated from... Read More

SLSOT Using Data to Better Communicate with Surplus Line Market Stakeholders

August 04, 2016 | Insurance Journal

Surplus lines may not be the most widely understood segment of the property/casualty insurance industry but for risk managers of large... Read More

The Weather Channel Interviews Steve Ellis to Talk about Flood Insurance

July 27, 2016 | The Weather Channel

Maria LaRosa is LIVE with Steve Ellis to talk about Insurance for natural disasters. Steve has great knowledge with the flooding last month... Read More

Ellis: After Flood, Congress Must Adjust Disaster Policies

July 05, 2016 | Charleston Gazette-Mail

West Virginia’s devastating floods are a stark reminder that storms have become increasingly unpredictable, dangerous and deadly. This tragedy... Read More

Weekly Wastebasket

Our weekly reality-check for federal spending. View All

February 12, 2016

Budgeting for the Last Time

The final budget of President Obama’s tenure was released this week. Coming out on Fat Tuesday was appropriate... Read More

TCS Rated 4-Star Charity!