Eliminate Corporate Welfare

Corporate welfare can be defined as federal subsidies to profitable, well-established industries that do not need them. These subsidies can take different forms, including direct payments, preferential tax treatment, or government-backed insurance policies. ...More

Some of the most profitable industries in the world, such as oil and gas companies, still receive billions of dollars worth of subsidies from taxpayers every year.

Subsidies such as preferential tax rates for select industries distort free market forces and put Congress in the position of choosing winners and losers. Many industries that receive some form of corporate welfare from the federal government also manage to spend millions on lobbyists and campaign contributions every year to keep these very subsidies in place. Federal subsidies to profitable corporations are a waste of tax dollars and Congress should eliminate them immediately.

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All the latest content from TCS in Eliminate Corporate Welfare
Letters & Testimony

TCS Urges Lawmakers to End Ethanol Blender Pump Spending

February 02, 2016

TCS Urges Lawmakers to End Ethanol Blender Pump Spending TCS sent the following letter urging Senators to prohibit the Secretary of Agriculture from spending $100 million on ethanol blender pumps.... Read More

Our Take

Arch Coal’s Bankruptcy Could Leave Millions in Clean-Up Costs to Taxpayers

January 12, 2016

Arch Coal’s Bankruptcy Could Leave Millions in Clean-Up Costs to Taxpayers Arch Coal's $450 million in self-bonded reclamation costs could fall onto taxpayers' backs now that the company has declared bankruptcy.... Read More

Press Releases

Groups Call for Congress to Act on Broken Renewable Fuel Standard

October 30, 2015

Groups Call for Congress to Act on Broken Renewable Fuel Standard TCS and other groups were featured in a print ad in Roll Call on October 28th urging Congress to act on the Renewable Fuel Standard (RFS).... Read More

Letters & Testimony

Fannie and Freddie Coalition Letter

August 25, 2015

Fannie and Freddie Coalition Letter     August 25, 2015   Open Letter to the House and Senate: Protect Taxpayers from Another Fannie/Freddie Bailout – Enact the Enterprise... Read More

Event Summary

TCS Tells DOI to Ensure a Fair Return for Federal Coal

August 04, 2015

TCS Tells DOI to Ensure a Fair Return for Federal Coal In downtown Washington, D.C. last week, top Department of Interior (DOI) officials hosted the first of several “listening sessions” on the... Read More

Our Take

GAO Report: Inadequate Bonding Requirements for Wind and Solar Projects

July 02, 2015

GAO Report: Inadequate Bonding Requirements for Wind and Solar Projects Last week, the Government Accountability Office (GAO) released a new report on the Bureau of Land Management (BLM)’s bonding requirements for... Read More

More in-depth material from TCS in Eliminate Corporate Welfare
Fact Sheets

Royalty Rate Reductions on Federal Coal Leases: 1990-2013

November 18, 2015

BLM has reduced the royalty rates on federal coal leases frequently during the last 25 years.... Read More

Reports & Data

Report: Understanding Federal Subsidies for the Biofuels & Biomass Industries

September 09, 2015

This report examines the subsidies the ethanol industry has received over the last three decades on all steps of the supply chain, and how biofuel and biomass subsidies have allowed the federal government to pick winners and losers, distort energy and agriculture markets, and contribute to expansion and overproduction of certain types of bioenergy.... Read More

101

Shallow Loss Agriculture Programs 101

August 06, 2015

What are “shallow loss” agriculture programs?... Read More

Awards

Golden Fleece: Blinders for Blender Pumps

July 21, 2015

With his creation of a new program to spend $100 million to pay for new gas station pumps that can handle high-blend ethanol fuels, Secretary... Read More

TCS appearances in the media in Eliminate Corporate Welfare

Understanding How Oil Companies Pay Taxes

January 13, 2016 | Investopedia

Large oil companies in the United States pay taxes at a significantly lower rate than the statutory federal effective tax rate (ETR) of 35%... Read More

Centrifuge Layoff Decision At ‘End Game’

January 09, 2016 | Chillicothe Gazette

The American Centrifuge plant in Piketon Ohio. Credit: Centrus Energy PIKETON — The first 60 to 70 American... Read More

7 Unbelievable Ways the Government Wasted Your Money in 2015

December 23, 2015 | The Fiscal Times

Congress’s approval last week of $1.15 trillion of new spending and $622 billion of special tax breaks before most lawmakers had a chance to... Read More

Federal Tax Measure Benefits State Wind, Solar Manufacturers, Could Be Trouble for Refineries

December 21, 2015 | The Morning Call

Congress put an end Friday to one of Eric Schwartz's end-of-the-year traditions. It passed sweeping legislation lifting a 40-year ban on... Read More

When It Comes To Corporate Tax Breaks, Congress Stops Caring about the Deficit

December 21, 2015 | The Huffington Post

WASHINGTON -- Apparently the deficit hawks flew south for the winter. At least that's the conclusion that could be drawn from looking at the... Read More

Weekly Wastebasket

Our weekly reality-check for federal spending. View All

February 12, 2016

Budgeting for the Last Time

The final budget of President Obama’s tenure was released this week. Coming out on Fat Tuesday was appropriate... Read More

TCS Celebrates 20th Anniversary

Corporate Welfare in Agribusiness

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How US agriculture policy favors corporations over family farms.