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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Press Releases

Budget Watchdog Documents Low Federal Effective Tax Rates for Large Oil and Gas Companies

July 31, 2014

Effective Tax Rates of Oil and Gas Companies: Cashing in on Special Treatment report finds variety of special tax provisions allows companies to defer billions in taxes... Read More

Our Take

USEC Bankruptcy Filing Approved: Company to Proceed With Debt Restructuring Plan

July 14, 2014

USEC Bankruptcy Filing Approved: Company to Proceed With Debt Restructuring Plan Over the past two weeks, the value of the United States Enrichment Corporation’s (USEC) stock has fluctuated significantly, rising from... Read More

Our Take

New CBO Report: Biofuels are a Failed Promise

June 27, 2014

New CBO Report: Biofuels are a Failed Promise Yesterday, the nonpartisan Congressional Budget Office (CBO) released a new report entitled “The Renewable Fuel Standard (RFS): Issues for... Read More

Letters & Testimony

Joint Letter Supporting Elimination of Ethanol Blender Pump Funding

June 11, 2014

Joint Letter Supporting Elimination of Ethanol Blender Pump Funding TCS joined 33 other organizations supporting a House Agriculture Appropriations amendment to ensure no taxpayer dollars are spent on ethanol blender pumps.... Read More

Letters & Testimony

Support Pro-Taxpayer Amendments in Agriculture Appropriations

June 11, 2014

Taxpayers for Common Sense urges support for common sense amendments to the House Agriculture, Rural Development, Food and Drug Administration, and Related Agencies Appropriations bill, H.R. 4800... Read More

Our Take

USEC Posts First Quarter Loss Following Bankruptcy Filing; Company’s Future Uncertain

June 04, 2014

USEC Posts First Quarter Loss Following Bankruptcy Filing; Company’s Future Uncertain The United States Enrichment Corporation (USEC) ended its first quarter $50.8 million in the red, according to the company’s most recent... Read More

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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... Read More

Fact Sheets

Updated: Repowering Assistance Program Fact Sheet

June 20, 2014

Updated: Repowering Assistance Program  Fact Sheet The Repowering Assistance Program, administered by U.S. Department of Agriculture’s (USDA) Rural Development office, reimburses... Read More

Policy Briefs

Water Resources Reform and Development Act of 2014: Commentary and Analysis

May 19, 2014

The Conference report on H.R. 3080 is a missed opportunity to reform management of our nation’s infrastructure in a fiscally responsible... Read More

Fact Sheets

Medicine Bow CTL Plant: Timeline of Taxpayer Concerns

April 21, 2014

Medicine Bow CTL Plant: Timeline of Taxpayer Concerns 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

TCS appearances in the media in Eliminate Corporate Welfare

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

Government-Subsidized Air Service Stymies Private Bus Service

June 23, 2014 | The Heartlander

It seemed simple enough. Just expand. That was the vision Jake Winkler had for his family’s business, Illinois-based Peoria Charter Coach... Read More

Vogtle loan guarantee fee spurs debate on nuclear risk

May 19, 2014 | SNL

The recent revelation that the U.S. Department of Energy gave developers of the under-construction Vogtle reactors in Georgia $6.5 billion... Read More

The Pentagon’s budget

May 15, 2014 | Capital Insider

Ryan Alexander, president of Taxpayers for Common Sense, talks about actions taken by the House Armed Services Committee rejecting modest... Read More

Weekly Wastebasket

Our weekly reality-check for federal spending. View All

June 27, 2014

Extinguish the Ex-Im Bank

With the August recess looming, Congress is quickly running out of time to knock a few items off its to-do... Read More