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

GAO Report: Inadequate Bonding Requirements for Wind and Solar Projects

July 02, 2015

GAO Report: Inadequate Bonding Requirements for Wind and Solar Projects Last week, the Government Accountability Office (GAO) released a new report on the Bureau of Land Management (BLM)’s bonding requirements for... Read More

Our Take

Another $1.8 Billion in Loan Guarantees for Troubled Nuclear Project

June 29, 2015

Another $1.8 Billion in Loan Guarantees for Troubled Nuclear Project   Reactors 1&2 at Plant Vogtle in Burke County, Georgia Last week, the Department of Energy (DOE)... Read More

Statements

Statement on EPA Proposed Biofuels Standards

May 29, 2015

Statement on EPA Proposed Biofuels Standards Today, two federal agencies failed taxpayers on biofuels policy.... Read More

Letters & Testimony

TCS and POGO Urge House to Cut MOX Funding from Energy and Water Bill

May 01, 2015

TCS and POGO Urge House to Cut MOX Funding from Energy and Water Bill On April 30th, TCS and Project on Government Oversight sent the following letter to the House of Representatives urging members to eliminate... Read More

Press Releases

Coalition Releases Report to Make Federal Disaster Policy Better, Cheaper

April 21, 2015

Coalition Releases Report to Make Federal Disaster Policy Better, Cheaper TCS and the SmarterSafer coalition release a report calling for reform of the nation’s disaster policies ... Read More

Our Take

Budget Hearing: Senate Energy and Water Subcommittee discusses DOE’s FY16 budget request

April 13, 2015

Budget Hearing: Senate Energy and Water Subcommittee discusses DOE’s FY16 budget request On March 25th, the Senate Appropriations Energy and Water Development Subcommittee held a hearing on the Department of Energy (DOE)’s FY2016... Read More

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

Recommendations for an Alternative, Accountable Farm Safety Net

August 07, 2015

August 2015 The current farm safety net is a complex web of overlapping and expensive subsidies that rewards special interests and large... Read More

Reports & Data

How To Reform U.S. Disaster Policy To Prepare For A Riskier Future

April 21, 2015

Taxpayers for Common Sense joined fellow fiscal groups, consumer advocates, environmental organizations, and insurance interests in the... Read More

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, Renewable Chemical, & Biobased Product Manuf. 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

TCS appearances in the media in Avoid Unnecessary Liabilities

The Pentagon Can Make Ends Meet

July 15, 2015 | U.S. News & World Report

There's nothing like the specter of troop reductions to bring out short-term thinking in Congress.... Read More

Another Year, Another Failure

July 09, 2015 | U.S. News & World Report

Congress will again fail to pass its annual appropriations bills on time.... Read More

Louisiana Travels Down Road of Neglect

May 11, 2015 | The News Star - Gannett

Crumbling and congested roads cost the average Louisiana driver hundreds of dollars a year, and there are no easy answers on how to fix... Read More

Congress Keeps Funding Overbudget Plutonium Site with No Real Customers

May 08, 2015 | The Washington Times

This week the House approved over $300 million for a Mixed Oxide Fuel Fabrication Facility at Savannah River in South Carolina as part of U.S.... Read More

Why Is Rand Paul Working with Barbara Boxer on a Hated Transportation Policy?

April 23, 2015 | National Journal

In the middle of an April 7 speech announcing his candidacy for president, Rand Paul dropped an unusually specific bit of policy. "We'll... Read More

Weekly Wastebasket

Our weekly reality-check for federal spending. View All

June 12, 2015

Patently Absurd Tax Policy

Writing a simpler, fairer tax code just sounds good. Who can argue with simpler and fairer? In Washington, that... Read More

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