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

Upcoming Administrative Actions on Methane

February 26, 2015

Upcoming Administrative Actions on Methane In January, the White House announced a series of actions aimed at reducing emissions from methane, a potent greenhouse gas, including a goal... Read More

Letters & Testimony

Joint Letter to the Senate Urges Renewable Fuel Standard Reform

February 26, 2015

Joint Letter to the Senate Urges Renewable Fuel Standard Reform Today, TCS joined 34 other organizations in support of a new measure to reform the failed Renewable Fuel Standard (RFS)... Read More

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

Letters & Testimony

Diverse Coalition Calls for RFS Reform in Letter to the House

February 04, 2015

Diverse Coalition Calls for RFS Reform in Letter to the House Today, TCS joined 34 other organizations in support of a bill introduced in the House to finally reform the failed Renewable Fuel Standard (RFS)... Read More

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

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

CBS This Morning Questions Essential Air Service, Vexes Devils Lake Officials

February 25, 2015 | Grand Forks Herald

Devils Lake officials are a bit perturbed by a CBS This Morning report Tuesday that featured the city.   The story questioned the... Read More

Is Essential Air Service Wasting Taxpayer Money?

February 24, 2015 | CBS News

The Essential Air Service (EAS) program began in 1978 to ensure commercial flights to small and remote communities. There are more than 100... Read More

Renewable Fuel Standard Reform Closer to Reality than Ever

February 18, 2015 | Morning Consult

An unlikely coalition of legislators, environmental groups and oil and gas companies are poised to take down a resilient and unpopular policy:... 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

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

Weekly Wastebasket

Our weekly reality-check for federal spending. View All

February 06, 2015

Put a Fork In It - FutureGen Edition

Finally. This week, the Department of Energy pulled the plug on the massive clean coal project known as... Read More