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
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

Our Take

Military Unfunded (and Unexplained) Priority List

April 01, 2015

Military Unfunded (and Unexplained) Priority List It’s Spring, finally. The promise of cherry blossoms fills the air in Washington. It’s also that time of year in the nation’s capital when a... Read More

Our Take

Senate Budget Committee Holds Hearing on The Benefits of a Balanced Budget

March 23, 2015

Senate Budget Committee Holds Hearing on The Benefits of a Balanced Budget At a March 11th Senate Budget Committee hearing on the benefits of a balanced budget, lawmakers discussed government waste, corporate welfare,... 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

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

Political Footprint of the Oil and Gas Industry - June 2015

June 01, 2015

Profits and political spending of the oil and gas industry remained strong in 2014. According to the financial statements of some of the... 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

Fact Sheets

Updated: Bioenergy Program for Advanced Biofuels Fact Sheet

June 20, 2014

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

Fact Sheets

Updated: Repowering Assistance Program Fact Sheet

June 20, 2014

The Repowering Assistance Program, administered by U.S. Department of Agriculture’s (USDA) Rural Development office, reimburses biorefineries for using biomass sources like wood chips and perennial grasses as a heat and power source instead of fossil fuels.... Read More

TCS appearances in the media in Eliminate Corporate Welfare

Stabenow Seeks Tax Sweeteners for NASCAR Track Operators

July 02, 2015 | Roll Call

Sen. Debbie Stabenow, D-Mich., is teaming with Senate Appropriations Chairman Thad Cochran, R-Miss., and other senior Republicans in pressing... Read More

Iowans must press candidates on tax reform

June 25, 2015 | The Des Moines Register

Iowans are accustomed to presidential hopefuls practically taking up residency in the Hawkeye State every four years. As you know all too... Read More

No Taxpayer Dollars for the ‘Bank of Boeing’

June 03, 2015 | OtherWords

The Ex-Im Bank is a favor factory for politically well-connected corporations trolling for handouts.... Read More

The National Football League

April 30, 2015 | Capitol Insider

The National Football League has decided to drop it's tax-exempt status, calling it a distraction. The decision came after lawmakers... Read More

NFL Will Forfeit Tax-Exempt Status

April 29, 2015 | Sports Illustrated

The NFL will forfeit its tax-exempt status, commissioner Roger Goodell told owners in a memo sent Tuesday.  "[A] change in the tax status... Read More

Weekly Wastebasket

Our weekly reality-check for federal spending. View All

July 02, 2015

Tippling Tax Breaks for the Fourth

For many Americans, the Fourth of July is not just a day to celebrate the birth of our nation, but also to enjoy... Read More

20th Anniversary Celebration

Corporate Welfare in Agribusiness

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How US agriculture policy favors corporations over family farms.