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

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

Our Take

New Vogtle Delay Highlights Risks of DOE’s Loan Guarantees

February 12, 2015

New Vogtle Delay Highlights Risks of DOE’s Loan Guarantees In a recent filing, Southern Company reported that the construction of two new nuclear reactors at Plant Vogtle, which is partially owned by... Read More

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

More in-depth material from TCS in Avoid Unnecessary Liabilities
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 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

TCS appearances in the media in Avoid Unnecessary Liabilities

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

Army Corps Starts Work on Two Major Beach-Protection Projects at Shore

April 20, 2015 | NJ Spotlight

The U.S. Army Corps of Engineers began work last week on two federally funded construction projects along New Jersey’s coast: a $38.2 million... Read More

Find Some Tax Day Budget Savings

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

Tax day is here again. Whether or not you’ve already spent your refund or will be running to the post office or hitting the submit button at... Read More

Weekly Wastebasket

Our weekly reality-check for federal spending. View All

April 24, 2015

Bracing for the Fiscal Storm

June marks the beginning of the Atlantic hurricane season. While 2014 was a relatively light year for storms,... Read More