Cut Subsidies

The federal government subsidizes economic activities in different ways, including direct spending and tax cuts. Every year these subsidies cost taxpayers billions of dollars, yet the government often fails to monitor them for their effectiveness or necessity. ...More

Subsidies such as preferential tax treatment have been especially prone to lax oversight and underestimating the true cost to taxpayers. Loan guarantees, price guarantees, and disaster insurance are also examples of federal subsidies to private industries. Federal subsidies need to be accurately measured and routinely assessed to ensure that taxpayers receive a fair return on their investment. Profitable, well-established industries should not receive taxpayer subsidies in any form.

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All the latest content from TCS in Cut Subsidies
Letters & Testimony

Letter to Congress: Tax Extenders Extend Deficits

December 03, 2014

Letter to Congress: Tax Extenders Extend Deficits TCS letter to the House of Representatives outlining a better approach to tax extenders going forward. ... 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

Our Take

Senate Finance Committee Holds Hearing on Energy Tax Reform

September 18, 2014

Senate Finance Committee Holds Hearing on Energy Tax Reform The Senate Finance Committee met yesterday to discuss the need for reforming the nation’s outdated energy tax laws as part of the larger tax... Read More

Letters & Testimony

TCS Letter to Senate Finance Committee Urging Reform of Energy Tax Provisions

September 17, 2014

TCS Letter to Senate Finance Committee Urging Reform of Energy Tax Provisions On Tuesday, TCS sent a letter to the Senate Finance Committee ahead of their hearing on energy provisions in the tax code.... Read More

Our Take

New GAO Report Recommends Cut in Crop Insurance Subsidies

September 08, 2014

New GAO Report Recommends Cut in Crop Insurance Subsidies Today, the Government Accountability Office (GAO) released a new report providing more evidence that reducing federal crop insurance premium... 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

More in-depth material from TCS in Cut Subsidies
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: Rural Energy for America Program Fact Sheet

September 24, 2014 > Updated: September 24, 2014

The Rural Energy for America Program (REAP) was created in the 2008 farm bill to provide federal grants and loans to renewable energy... Read More

Fact Sheets

Shallow Loss Programs May Surpass Cost of Old Subsidy Schemes

August 12, 2014

The 2014 farm bill created new income entitlement programs for agribusinesses, referred to as “shallow loss” subsidies. The three programs - Agriculture Risk Coverage (ARC), Supplemental Coverage Option (SCO), and Stacked Income Protection Plan (STAX) – are intended to kick in when revenue drops as little as ten percent from a predetermined level. ... Read More

Reports & Data

Effective Tax Rates of Oil & Gas Companies: Cashing in on Special Treatment

July 30, 2014

From 2009 through 2013, large U.S.-based oil and gas companies paid far less in federal income taxes than the statutory rate of 35 percent.... Read More

TCS appearances in the media in Cut Subsidies

10 Outrageously Pricey Tax Breaks ‘Gifted’ by Congress

December 18, 2014 | The Fiscal Times

The Senate, on its way out at the close of the 113th Congress, approved the extension of more than 50 tax breaks, collectively known as “tax... Read More

Corporate Welfare Boogie

December 17, 2014 | Sky Valley Chronicle

How oil and gas industry has been getting rich off your freebies since 1946... Read More

Scrutinizing Crop Insurance

December 08, 2014 | DTN The Progressive Farmer

With Direct Payments Gone, Insurance Drawing Unwanted Attention... Read More

Giving oil and gas companies royalty-free fuel is a huge waste of taxpayer money

December 05, 2014 | Other Words

Getting something for nothing is a pretty sweet deal — at least if you’re the one getting something. Not so much if you’re the one receiving... Read More

Free For All? Report Says CO Loses Out on Wasted Gas

December 05, 2014 | Public News Service

BUENA VISTA, Colo. - Colorado land is rich in fossil fuels and a new report finds that millions of dollars of that resource is being either... Read More

Weekly Wastebasket

Our weekly reality-check for federal spending. View All

November 26, 2014

Platter Full of Subsidies

As taxpayers busily prepare for their Thanksgiving festivities, we thought it might be a good time to see how... Read More