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 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

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

Letters & Testimony

Cut Back Needless Fossil Subsidies in Energy and Water Bill

July 10, 2014

Cut Back Needless Fossil Subsidies in Energy and Water Bill The Green Scissors coalition urges support for the amendment offered by Rep. Jackie Speier to reduce the Fossil R&D account to FY 2014 levels.... Read More

Letters & Testimony

Support common sense amendments to the Energy and Water Appropriations bill

July 09, 2014

Support common sense amendments to the Energy and Water Appropriations bill Taxpayers for Common Sense recommends an “aye” vote on the following amendments.... Read More

Our Take

New CBO Report: Biofuels are a Failed Promise

June 27, 2014

New CBO Report: Biofuels are a Failed Promise The nonpartisan Congressional Budget Office (CBO) released a new report entitled “The Renewable Fuel Standard (RFS): Issues for 2014 and Beyond” confirming what TCS has said for years – that the RFS and corn ethanol are doing more harm than good.... Read More

Our Take

White House Releases More Details on Pentagon Slushfund Account

June 26, 2014

White House Releases More Details on Pentagon Slushfund Account Today, after months of delay, the Administration put some flesh to the bones of its Overseas Contingency Operations (OCO) request for fiscal... Read More

More in-depth material from TCS in Cut Subsidies

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

Fact Sheets

Shallow Loss Programs May Surpass Cost of Old Subsidy Schemes

August 12, 2014

Shallow Loss Programs May Surpass Cost of Old Subsidy Schemes 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

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

Fact Sheets

Updated: Bioenergy Program for Advanced Biofuels Fact Sheet

June 20, 2014

Updated: Bioenergy Program for Advanced Biofuels Fact Sheet Established by an Executive Order in 1999, the Bioenergy Program for Advanced Biofuels (BPAB) is intended to pay advanced biofuels producers to expand their production levels. Other than corn starch ethanol, nearly every other type of biofuel is eligible for the program, including ethanol, biogas, butanol, or biodiesel derived from cellulose (like perennial grasses or agricultural residues), sugar or starches, waste materials, sugarcane, or woody biomass. ... Read More

TCS appearances in the media in Cut Subsidies

Poll: Americans support highways but not paying more for them

August 06, 2014 | Washington Post

When members of Congress climbed into trains, planes and automobiles for a five-week hiatus from Washington last week, one phrase probably... Read More

What’s fueling the fracking boom? Debt.

August 06, 2014 | Christian Science Monitor

Major oil and gas companies are taking on an increasing share of debt in order to maintain drilling momentum, according to data from the US... Read More

Oil Companies Pay 11.7 Percent Tax

August 03, 2014 | Taxation

WASHINGTON D.C. – US oil and gas companies face an effective tax rate of less than half of the standard rate for corporate income tax in the... Read More

U.S. Energy Firms Rewarded With Tax Deferrals

August 01, 2014 | Wall Street Journal

The U.S. energy boom is producing a little-noticed side effect: American oil and gas companies are paying less in federal income... Read More

Energy Journal: Driller Tax Breaks Support Big Spenders

August 01, 2014 | Wall Street Journal

SPEND NOW, PAY LATER Oil and gas drillers are paying less tax as the shale boom continues, writes The Wall Street Journal’s Daniel... 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