Avoid Unnecessary LiabilitiesAvoid 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

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

Our Take

New Loan Guarantee Solicitation for Renewable Energy and Energy Efficiency Projects Issued

August 28, 2014

New Loan Guarantee Solicitation for Renewable Energy and Energy Efficiency Projects Issued On July 3, the Department of Energy (DOE) issued a new, expanded $4 billion solicitation for both renewable energy and energy efficient... Read More

Our Take

GAO Report: Renewable Fuel Standard Costs Outweigh Benefits

August 12, 2014

GAO Report: Renewable Fuel Standard Costs Outweigh Benefits A new Government Accountability Office (GAO) report reviewed seven Environmental Protection Agency (EPA) Regulatory Impact Analyses (RIAs) and found... Read More

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

More in-depth material from TCS in Avoid Unnecessary Liabilities
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

Fact Sheets

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

June 02, 2014

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

Farm-State Democrat Risks Defeat Even After Saving Aid

September 18, 2014 | Bloomberg

U.S. Representative Collin Peterson is banking his re-election on the sugar beet. Peterson has been a reliable friend to the industry,... Read More

Farm Bill Savings Get Gobbled Up

August 20, 2014 | U.S. News & World Report

It’s only been six months since the president signed the 2014 farm bill into law, but, as we predicted at Taxpayers for Common Sense, the... Read More

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

Weekly Wastebasket

Our weekly reality-check for federal spending. View All

September 19, 2014

FEMA’s Folly

Volume XIX No.38 As the first major Atlantic hurricane Eduardo formed this week, the Federal Emergency... Read More

The Unaffordable F-35

Weekly Wastebasket

Subsidies Keep the Good Times Rolling

August 28, 2014

Weekly Wastebasket

Bribing to Subsidize

October 03, 2014