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
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

Letters & Testimony

TCS Urges Lawmakers to End Ethanol Blender Pump Spending

February 02, 2016

TCS Urges Lawmakers to End Ethanol Blender Pump Spending TCS sent the following letter urging Senators to prohibit the Secretary of Agriculture from spending $100 million on ethanol blender pumps.... Read More

Our Take

Arch Coal’s Bankruptcy Could Leave Millions in Clean-Up Costs to Taxpayers

January 12, 2016

Arch Coal’s Bankruptcy Could Leave Millions in Clean-Up Costs to Taxpayers Arch Coal's $450 million in self-bonded reclamation costs could fall onto taxpayers' backs now that the company has declared bankruptcy.... Read More

Press Releases

Groups Call for Congress to Act on Broken Renewable Fuel Standard

October 30, 2015

Groups Call for Congress to Act on Broken Renewable Fuel Standard TCS and other groups were featured in a print ad in Roll Call on October 28th urging Congress to act on the Renewable Fuel Standard (RFS).... Read More

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Fact Sheets

Royalty Rate Reductions on Federal Coal Leases: 1990-2013

November 18, 2015

BLM has reduced the royalty rates on federal coal leases frequently during the last 25 years.... Read More

Reports & Data

Report: Understanding Federal Subsidies for the Biofuels & Biomass Industries

September 09, 2015

This report examines the subsidies the ethanol industry has received over the last three decades on all steps of the supply chain, and how biofuel and biomass subsidies have allowed the federal government to pick winners and losers, distort energy and agriculture markets, and contribute to expansion and overproduction of certain types of bioenergy.... Read More

101

Shallow Loss Agriculture Programs 101

August 06, 2015

What are “shallow loss” agriculture programs?... Read More

Awards

Golden Fleece: Blinders for Blender Pumps

July 21, 2015

With his creation of a new program to spend $100 million to pay for new gas station pumps that can handle high-blend ethanol fuels, Secretary... Read More

TCS appearances in the media in Eliminate Corporate Welfare

Tim Canova Attacks Debbie Wasserman Schultz’s Record on Big Sugar

July 26, 2016 | PolitiFact

A nasty-looking toxic algae bloom on Florida’s coasts has oozed into political races, including U.S. Rep. Debbie Wasserman Schultz’s... Read More

Big Coal Just Saw One Of Its Favorite Loopholes Closed

July 06, 2016 | Think Progress

The Obama Administration last week took a closely-watched first step in its effort to reform the federal coal program by issuing a rule that... Read More

Green Scissors to Senate Finance Leaders: No Carbon Capture, Please

June 21, 2016 | Politico - Morning Energy

Green Scissors, an advocacy coalition that brings together Friends of the Earth, Taxpayers for Common Sense and The R Street Institute, wants... Read More

Coal’s Costly Compensation

June 09, 2016 | U.S. News & World Report

With more than 50 coal company bankruptcies in the last several years, it is hard not to have heard of the current plight of the coal... Read More

New Balance Close to Win in Buy-America Foot Race for Military

June 06, 2016 | Bloomberg News

New Balance Athletic Shoe Inc. is close to winning an almost decade-long marathon: A buy-American provision in the massive defense policy bill... Read More

Weekly Wastebasket

Our weekly reality-check for federal spending. View All

May 27, 2016

Memorializing Waste

The Memorial Day weekend stretches before us, with promises of hometown parades and weenie roasts. On Memorial... Read More

TCS Rated 4-Star Charity!

Corporate Welfare in Agribusiness

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How US agriculture policy favors corporations over family farms.