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

Report: Kemper Disaster Could Get Billions from Taxpayers in Lame Duck Deal

November 15, 2016

Report: Kemper Disaster Could Get Billions from Taxpayers in Lame Duck Deal WASHINGTON, D.C. — A new report from Friends of the Earth and Taxpayers for Common Sense sounds the alarm on a lame duck tax deal that could... Read More

Press Releases

Gone with the Wind: How Taxpayers Are Losing Millions in Revenue from Wasted Gas

August 11, 2016

Gone with the Wind: How Taxpayers Are Losing Millions in Revenue from Wasted Gas WASHINGTON, DC —Federal taxpayers lost nearly $600 million in royalty revenues during a 10-year period ending in 2015 because of royalty... Read More

Event Summary

Prepping the Ground for Farm Bill Reform

July 29, 2016

Prepping the Ground for Farm Bill Reform Most of the programs created in the trillion-dollar 2014 farm bill are authorized through 2018. Consequently, Congress is unlikely to have a... Read More

Letters & Testimony

TCS Calls for Federal Coal Reform at BLM Hearing in Colorado

June 23, 2016

TCS Calls for Federal Coal Reform at BLM Hearing in Colorado Below are TCS Co-Founder Jill Lancelot's official remarks today at BLM's listening session in Grand Junction, Colorado on reforming federal coal.... Read More

Letters & Testimony

TCS VP Testifies at House Hearing on Water Settlements

May 24, 2016

TCS VP Testifies at House Hearing on Water Settlements Today, Vice President of Taxpayers for Common Sense, Steve Ellis, is at the House Committee on Natural Resources testifying on a deal... Read More

Letters & Testimony

Diverse Coalition Pushes House Committee to Hold RFS Hearing

May 13, 2016

Diverse Coalition Pushes House Committee to Hold RFS Hearing On Friday, TCS joined with 35 other organizations, representing a wide array of interests from poultry farmers and fast food restaurants to... Read More

More in-depth material from TCS in Eliminate Corporate Welfare
Reports & Data

Coal Tax Subsidies: A Boon for Kemper

November 15, 2016

A new report from Taxpayers for Common Sense (TCS) and Friends of the Earth (FOE) sounds the alarm on a lame duck tax deal that could send... Read More

Reports & Data

Reform the Tax Code

September 22, 2016

The U.S. tax code last underwent a major overhaul 30 years ago. Today, it is a confusing thicket of narrow carve-outs, parochial preferences,... Read More

101

Just the Facts About the 2014 Farm Bill Income Entitlements

September 15, 2016

Promises that the 2014 FARM BILL would produce savings for taxpayers are failing to bear fruit. This is because of exploding costs in the... Read More

Reports & Data

Gone with the Wind: How Taxpayers are Losing from Wasted Gas

August 10, 2016

Oil and gas companies drilling on federal lands are losing a significant amount of natural gas. In their drilling operations, they are... Read More

TCS appearances in the media in Eliminate Corporate Welfare

Congress Could Subsidize Kemper Coal Plant

November 15, 2016 | WXXV 25

Mississippi Power’s Kemper County Power Plant could soon be getting a little help from the government. A new report warns that congress could... Read More

Enviros Warn Propping Up Struggling Clean Coal Plants Could Cost Billions

November 15, 2016 | The Daily Caller

Subsidizing failing clean coal could cost billions of taxpayer dollars over the next four decades, according to a report by a Washington,... Read More

Reports Urge More CCS to Avoid Dangerous Warming

November 15, 2016 | E & E News

Two reports are warning today that the world is wildly off course in deploying carbon capture and sequestration technology needed to avoid... Read More

Does the Oil-and-Gas Industry Still Need Tax Breaks?

November 14, 2016 | Wall Street Journal

Those in favor say the incentives have benefited a sector critical to the U.S. economy; those opposed say that by playing favorites, the... Read More

Take a Look! Mega Costs for Kemper Feared

November 11, 2016 | Politico's Morning Energy

Friends of the Earth and Taxpayers for Common Sense are out with a report today warning extending carbon capture and sequestration tax credits... Read More

Weekly Wastebasket

Our weekly reality-check for federal spending. View All

August 12, 2016

Fueling Corporate Welfare

  Congress is out for the summer, but government agencies are still at work. The Department of the Interior is... Read More

TCS Rated 4-Star Charity!

Corporate Welfare in Agribusiness

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How US agriculture policy favors corporations over family farms.