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
Press Releases

New report details effective tax rates and various tax breaks used by the Oil & Gas industry

April 10, 2014

Taxpayers for Common Sense's new report, “Understanding Oil and Gas Tax Subsidies,” offers a detailed review of the suite of tax subsidies the oil and gas industry receives. ... Read More

Our Take

Summary of Senate Finance Committee’s Tax Extenders Package

April 03, 2014

Summary of Senate Finance Committee’s Tax Extenders Package On Tuesday, April 1, 2014, Senate Finance Committee Chair Ron Wyden (D-OR) released the version of the tax extenders package that the... Read More

Our Take

Breakdown of Rep. Camp’s Tax Reform Proposal

February 26, 2014

Breakdown of Rep. Camp’s Tax Reform Proposal TCS analysis and commentary on the draft tax reform proposal released by Rep. Dave Camp this week. ... Read More

Letters & Testimony

Letter to Congress:  Oppose the Trillion Dollar Farm Bill Conference Report

January 28, 2014

Letter to Congress:  Oppose the Trillion Dollar Farm Bill Conference Report Today, TCS sent a letter to the House and Senate urging a NO vote on the trillion dollar farm bill conference report.... Read More

Our Take

Farm Bill:  From Bad to Worse

January 27, 2014

According to media reports and Majority Leader Cantor’s floor schedule for this week, the House may rush a farm bill conference report... Read More

Our Take

Congress Gives $62 Million to USEC, Just Weeks Away from Its Bankruptcy

January 16, 2014

Congress Gives $62 Million to USEC, Just Weeks Away from Its Bankruptcy In a move that was as outrageous as it was unsurprising, appropriators included $62 million in the omnibus now being pushed through Congress... Read More

More in-depth material from TCS in Eliminate Corporate Welfare
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A Century of Subsidies for the Oil & Gas Industry

April 18, 2014

The oil and gas industry has been getting subsidies for almost a century. We can't afford special treatment for profitable companies. The time has come to end taxpayer subsidies for the industry.... Read More

Fact Sheets

Finances of DKRW - Medicine Bow Loan Guarantee Applicant

April 18, 2014

Finances of DKRW - Medicine Bow Loan Guarantee Applicant In 2008, Medicine Bow Fuel & Power LLC (MBFP) – a subsidiary of Texas-based DKRW Advanced Fuels LLC – applied for a loan guarantee to build... Read More

Fact Sheets

Updated:  Political Footprint of the Corn Ethanol Lobby

April 16, 2014

Updated:  Political Footprint of the Corn Ethanol Lobby The federal government has in one form or another provided lucrative subsidies to the corn ethanol industry for more than 30 years, wasting... Read More

Fact Sheets

Updated: Taxpayer Supports for Corn Ethanol in Federal Legislation

April 15, 2014

Updated: Taxpayer Supports for Corn Ethanol in Federal Legislation Since its creation of the domestic market for corn ethanol after the energy crisis of the 1970s, the federal government has nurtured and... Read More

TCS appearances in the media in Eliminate Corporate Welfare

Starting a Tax Day Dialogue

April 15, 2014 | US News & World Report

Today is April 15, the one day every year when most Americans think about taxes. So I thought I would take this opportunity to step back and... Read More

Triumph of the Drill

April 14, 2014 | Mother Jones

Over the past century, the federal government has pumped more than $470 billion into the oil and gas industry in the form of generous, never-expiring tax breaks. Once intended to jump-start struggling domestic drillers, these incentives have become a tidy bonus for some of the world's most profitable companies.... Read More

Enough With the Tax Extenders

March 26, 2014 | U.S. News & World Report

Almost everyone in Washington agrees that the time has come to overhaul the tax code. Since the last major reform in 1986, the tax code has... Read More

Good News for Corn, Bad News for You

March 12, 2014 | U.S. News & World Report

This is a good news/bad news story. The good news was found in an unexpected place. We at Taxpayers for Common Sense did not have a lot of... Read More

Republican Congressman to Oil and Gas Industry: ‘No More Subsidies’

March 03, 2014 | GreenTechMedia

Congressman Dave Camp (R-MI), chairman of the House Ways and Means Committee, introduced a tax reform bill earlier this week that removed... Read More

Weekly Wastebasket

Our weekly reality-check for federal spending. View All

April 11, 2014

What’s Your Tax Rate?

Seeing as April 15th is right around the corner, we’ll keep the tax reform ball rolling this week. As... Read More