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.
Explore the Eliminate Corporate Welfare Program
Yesterday, TCS joined 12 other diverse organizations in a letter supporting a comprehensive review of the federal biofuels mandate.... 
Last Thursday, Moody’s Investor Service released a new credit report finding that Georgia Power Company’s (subsidiary of The Southern... 
The Department of Energy (DOE) announced last week it would offer an expanded, second solicitation for advanced fossil energy loan... 
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... 
Today, TCS sent a letter urging the House to support common sense amendments to rein in the trillion dollar farm bill. ... 
June 13, 2013
Dear Representative:
We, the leaders of our undersigned organizations... 
The Department of Energy (DOE) is asking Congress to provide $452 million in taxpayer subsidies to help license up to two experimental small... 
The United States Enrichment Corporation (USEC) was established in 1992 as a wholly-owned federal entity until it was privatized in 1998.... 
In February 2010, the Department of Energy (DOE) conditionally offered Southern Company and its partners a total of $8.33 billion in... 
Despite last year’s drought, the agriculture sector recorded its second highest year of profits in a generation, down just three percent... 
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