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
Our Take

Costs for Agricultural Shallow Loss Programs Run Deep

January 29, 2015

Costs for Agricultural Shallow Loss Programs Run Deep Just this week, CBO released an updated Farm Program baseline estimating that new agricultural income entitlement programs will cost taxpayers... Read More

Our Take

House Committee Asks Wrong Questions on Federal Subsidies for Nuclear Energy

December 16, 2014

House Committee Asks Wrong Questions on Federal Subsidies for Nuclear Energy Members of the Subcommittee on Energy of the House Committee on Science, Space and Technology met with the Department of Energy (DOE) and... Read More

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Hearing on Energy Tax Reform The Senate Finance Committee met yesterday to discuss the need for reforming the nation’s outdated energy tax laws as part of the larger tax...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

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

Terrorism Risk Insurance Program

January 27, 2015 | Capital Insider

The initiative was created after the tragic events of September 11, 2001. The program expired at the end of December, but its back... Read More

Will 2015 Be the Year for Tax Reform? It Could Happen

January 23, 2015 | The GPS News

WASHINGTON— The similarities between Rep. Paul Ryan’s (R-Wis) and President Obama’s proposals to expand the earned income tax credit to... Read More

Federal Bucks Reap a Bumper Crop of Farmers Markets

January 16, 2015 | The Washington Times

Know your farmer, know your food , but most importantly, know where your tax dollars are going. As part of first lady Michelle... Read More

Will Congress Sack the NFL?

January 12, 2015 | Washington Examiner

The NFL was tarnished by one ugly stain after another in 2014. (AP Photo/Tom Puskar)   Football is approaching its annual crescendo, with... Read More

U.S. House Approves Terrorism Risk Insurance

January 08, 2015 | The CT Mirror

Washington – To the relief of the property and casualty insurance industry, the U.S. House on Wednesday approved legislation that would... 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