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

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Hearing on Energy Tax Reform The Senate Finance Committee met yesterday to discuss the need for reforming the nation’s outdated energy tax laws as part of the larger tax...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

Our Take

New Loan Guarantee Solicitation for Renewable Energy and Energy Efficiency Projects Issued

August 28, 2014

New Loan Guarantee Solicitation for Renewable Energy and Energy Efficiency Projects Issued On July 3, the Department of Energy (DOE) issued a new, expanded $4 billion solicitation for both renewable energy and energy efficient... Read More

Our Take

Senate Energy and Water Spending Bill Held in Committee

August 06, 2014

Senate Energy and Water Spending Bill Held in Committee In June, the Senate Appropriations Committee scheduled a markup of the chamber’s FY2015 Energy and Water Appropriations bill only to pull it... 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

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

Congress helping farmers reap huge subsidies

October 24, 2014 | Bloomberg News

WASHINGTON - A record U.S. harvest has pushed crop prices so low that taxpayers may pay billions of dollars more to subsidize farmers than... Read More

A Mandate for Higher Prices

September 30, 2014 | U.S. News & World Report

Any day now, the Environmental Protection Agency is expected to announce final volumes of biofuels required to be blended with U.S. gasoline... Read More

A Look at the NFL

September 24, 2014 | Capital Insider

In 2012, the National Football League pulled in more than $9 billion, making it the most lucrative sports organization in the world. So... Read More

Farm-State Democrat Risks Defeat Even After Saving Aid

September 18, 2014 | Bloomberg

U.S. Representative Collin Peterson is banking his re-election on the sugar beet. Peterson has been a reliable friend to the industry,... Read More

Powering a Tax Overhaul

September 17, 2014 | U.S. News & World Report

Even as Congress is racing to get out of town, the Senate Finance Committee is holding an important hearing tomorrow entitled, “Reforming... Read More

Weekly Wastebasket

Our weekly reality-check for federal spending. View All

August 28, 2014

Subsidies Keep the Good Times Rolling

Anybody road tripping through the Corn Belt this Labor Day can’t miss the obvious signs of farm profitability.... Read More

The Unaffordable F-35

Weekly Wastebasket

Subsidies Keep the Good Times Rolling

August 28, 2014

Weekly Wastebasket

Bribing to Subsidize

October 03, 2014