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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Our Take

New GAO Report Recommends Cut in Crop Insurance Subsidies

September 08, 2014

New GAO Report Recommends Cut in Crop Insurance Subsidies Today, the Government Accountability Office (GAO) released a new report providing more evidence that reducing federal crop insurance premium... Read More

Our Take

GAO Report: Renewable Fuel Standard Costs Outweigh Benefits

August 12, 2014

GAO Report: Renewable Fuel Standard Costs Outweigh Benefits A new Government Accountability Office (GAO) report reviewed seven Environmental Protection Agency (EPA) Regulatory Impact Analyses (RIAs) and found... Read More

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 The nonpartisan Congressional Budget Office (CBO) released a new report entitled “The Renewable Fuel Standard (RFS): Issues for 2014 and Beyond” confirming what TCS has said for years – that the RFS and corn ethanol are doing more harm than good.... 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

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Fact Sheets

Shallow Loss Programs May Surpass Cost of Old Subsidy Schemes

August 12, 2014

Shallow Loss Programs May Surpass Cost of Old Subsidy Schemes 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

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 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

Updated: Repowering Assistance Program  Fact Sheet 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

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

TCS appearances in the media in Eliminate Corporate Welfare

End the N.F.L. Tax Breaks

September 04, 2014 | The New York Times

The National Football League is the most lucrative sports organization in the world. Revenues for 2012 were estimated to be $9.5 billion,... Read More

The U.S. Inversion Problem

September 03, 2014 | Capital Insider

U.S. lawmakers and consumers are up in arms over a recent deal to move Burger King to Canada. Many analysts say the deal makes business... Read More

New Oil and Gas Drilling Financed Largely With Debt

August 07, 2014 | OilPrice.com

Major oil and gas companies are taking on an increasing share of debt in order to maintain drilling momentum, according to data from the... Read More

The Surprising Truth About Oil and Gas Tax Breaks

August 06, 2014 | U.S. News & World Report

At Taxpayers for Common Sense, we recently analyzed the federal income taxes paid over the last five years by some of the largest U.S.-based... Read More

Big Oil Companies Pay Just A 11.7 Percent Tax Rate, Report Finds

August 05, 2014 | ThinkProgress

Big oil companies pay 23.3 percentage points less in tax than the rate typically imposed on corporations, according to a new report. The... 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

Corporate Welfare in Agribusiness

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How US agriculture policy favors corporations over family farms.