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

Letter to Energy & Commerce Committee: Support Comprehensive Review of the Renewable Fuel Standard

July 24, 2013

Letter to Energy & Commerce Committee: Support Comprehensive Review of the Renewable Fuel Standard Yesterday, TCS joined 12 other diverse organizations in a letter supporting a comprehensive review of the federal biofuels mandate.... Read More

Our Take

Credit Downgrade Likely For Pending DOE Loan Guarantee Recipient

July 16, 2013

Credit Downgrade Likely For Pending DOE Loan Guarantee Recipient Last Thursday, Moody’s Investor Service released a new credit report finding that Georgia Power Company’s (subsidiary of The Southern... Read More

Our Take

DOE Recommits To Fossil Fuel Loan Guarantees

July 08, 2013

DOE Recommits To Fossil Fuel Loan Guarantees The Department of Energy (DOE) announced last week it would offer an expanded, second solicitation for advanced fossil energy loan... Read More

Press Releases

Another Vogtle Reactor Deadline Passes

July 02, 2013

Another Vogtle Reactor Deadline Passes TCS published a press release today on another deadline passed by DOE to reach an agreement on loan guarantee terms for Southern Company's Plant Vogtle... Read More

Letters & Testimony

Support Common Sense Amendments to Rein in Trillion Dollar House Farm Bill

June 19, 2013

Support Common Sense Amendments to Rein in Trillion Dollar House Farm Bill Today, TCS sent a letter urging the House to support common sense amendments to rein in the trillion dollar farm bill. ... Read More

Letters & Testimony

Joint Letter to the House: Reduce Wasteful Pentagon Spending

June 14, 2013

Joint Letter to the House: Reduce Wasteful Pentagon Spending      June 13, 2013 Dear Representative: We, the leaders of our undersigned organizations... Read More

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

Small Modular Reactors: Federal Subsidies for Mini Nukes

July 23, 2013

Small Modular Reactors: Federal Subsidies for Mini Nukes The Department of Energy (DOE) is asking Congress to provide $452 million in taxpayer subsidies to help license up to two experimental small... Read More

Fact Sheet

Federal Subsidies for the United States Enrichment Corporation

July 08, 2013

Federal Subsidies for the United States Enrichment Corporation The United States Enrichment Corporation (USEC) was established in 1992 as a wholly-owned federal entity until it was privatized in 1998.... Read More

Fact Sheet

DOE Loan Guarantee Program: Vogtle Reactors 3&4

July 02, 2013

DOE Loan Guarantee Program: Vogtle Reactors 3&4 In February 2010, the Department of Energy (DOE) conditionally offered Southern Company and its partners a total of $8.33 billion in... Read More

Fact Sheet

Impact of Ag Subsidies and Record Farm Profits in Farm Country

June 18, 2013

Impact of Ag Subsidies and Record Farm Profits in Farm Country Despite last year’s drought, the agriculture sector recorded its second highest year of profits in a generation, down just three percent... Read More

TCS appearances in the media in Eliminate Corporate Welfare

River Industry Cites Olmsted Failure in Push for Taxpayer Aid

September 16, 2013 | Saint Louis Post-Dispatch

WASHINGTON • For years, the barge industry has complained that aging locks and dams hike the cost of waterborne cargo and pose an... Read More

Should Taxpayers Back Reactors?

September 13, 2013 | Orlando Sentinel

Supporters call it smart energy policy. Critics have dubbed it "Solyndra on steroids." An energy bill that President Bush signed into law... Read More

Government Fees the Key to a Budget Bargain?

September 11, 2013 | Politico

Lawmakers are deadlocked over tax increases and spending cuts, but there’s another way that could nudge them closer to addressing this... Read More

The Next Solyndra? $8 Billion U.S. Loan Guarantee for Nuke Reactors Too Risky

September 11, 2013 | The Tampa Bay Tribune

Think what you want about nuclear power. Maybe it’s the best way to generate electricity, and maybe it’s the worst. If you are a taxpayer,... Read More

Mitch McConnell’s Close Ties with Humana Founder

September 10, 2013 | Politico

In 2005, David A. Jones Sr., founder of health insurance giant Humana Inc., needed help raising money for a Louisville, Ky., parks project... Read More

Weekly Wastebasket

Our weekly reality-check for federal spending. View All

September 06, 2013

Time to Terminate Tax Extenders

Volume XVIII No. 36 Next week, vacation’s over and Congress has to go back to work. Even without the Syria... Read More