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

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

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

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

Fighting Crop Insurance Cronyism

March 05, 2015 | The American Conservative

“I don’t have super high hopes it’ll go anywhere,” says Lori Sanders, outreach director and senior fellow for The R Street Institute. She’s... Read More

Senators Introduce Bill to Cut Crop Insurance

February 18, 2015 | AgWeek Magazine

Sens. Jeff Flake, R-Ariz.; Jeanne Shaheen, D-N.H.; and Rep. John Duncan, R-Tenn., on Feb. 12 introduced companion bills that would eliminate... Read More

Taxpayers Getting an Education? Obama Student Loan Forgiveness Program Swells by $22B

February 12, 2015 | FOX News

The cost of President Obama's student loan forgiveness program has ballooned by nearly $22 billion over initial projections, raising alarm... Read More

Tax Experts Say Holiday on Earnings Is a Bad Idea

February 09, 2015 | San Francisco Chronicle

WASHINGTON — Sen. Barbara Boxer is teaming with potential Republican presidential candidate Rand Paul to promote a plan they say will fix... Read More

The College Loan Bombshell Hidden in the Budget

February 05, 2015 | Politico Magazine

n obscure data tables buried deep in its 2016 budget proposal, the Obama administration revealed this week that its student loan program had a... 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