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
Event Summary

TCS Co-hosts Panel on Fair Return for Publicly-Owned Natural Resources

February 08, 2016

TCS Co-hosts Panel on Fair Return for Publicly-Owned Natural Resources TCS and Project on Government Oversight hosted a panel discussion on how the federal government can better manage resources on federal lands.... Read More

Letters & Testimony

TCS Testimony on National Flood Insurance Reform

January 12, 2016

TCS Testimony on National Flood Insurance Reform Today, TCS Vice President Steve Ellis testified at a House Financial Services hearing on “How to Create a More Robust and Private Flood Insurance Marketplace.”... Read More

Press Releases

New Report: States Unprepared for Future Extreme Weather Events

November 18, 2015

New Report: States Unprepared for Future Extreme Weather Events   Press Release     National Summary On Wednesday, a new report was released... Read More

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

More in-depth material from TCS in Avoid Unnecessary Liabilities
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

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

TCS appearances in the media in Avoid Unnecessary Liabilities

Groups Worry Arch Coal Won’t Be Able to Pay for Cleanup

January 13, 2016 | The Wall Street Journal

Arch Coal Inc.’s chapter 11 filing on Monday has left some citizens groups concerned about the company’s ability to clean up pollution at its... Read More

Will Taxpayers Get Stuck With the Bill to Clean Up Strip Mining Coal Sites?

January 10, 2016 | Forbes

The issue of how to pay for mine reclamation is flying below the surface of the general public even though the matter is, literally, above... Read More

Should the Fossil Fuel Industry Be Taxed to Pay for Climate Damage?

January 05, 2016 | Sustainable Brands

More than 60 environmental leaders and organizations have signed The Carbon Levy Project declaration, calling for a tax on fossil fuel... Read More

Winners, Losers on the Hill as Year-End Bills Move

December 02, 2015 | Associated Press

WASHINGTON - It's deal-making time in Congress as lawmakers prepare to plow through a pile of must-pass legislation before heading home for... Read More

States Graded ‘A’ to ‘F’ for Extreme Weather Preparedness

December 02, 2015 | Insurance Journal

Many states across the country are unprepared to face the risks posed extreme heat, drought, wildfires, inland flooding, coastal flooding and... 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 Celebrates 20th Anniversary