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.

Explore the Eliminate Corporate Welfare Program Explore Eliminate Corporate Welfare Close
All the latest content from TCS in Eliminate Corporate Welfare
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

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

More in-depth material from TCS in Eliminate Corporate Welfare
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

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

TCS appearances in the media in Eliminate Corporate Welfare

Defense Chief Resists Shoe Requirement for Military Recruits

August 12, 2016 | CNHI

WASHINGTON - A provision of a federal defense bill promoting U.S.-made athletic shoes, touted as a job-creator, is running into opposition... Read More

4 Ways Congress Can Lead on Tax Reform

August 12, 2016 | U.S. News & World Report

Put tax reform on the table. No matter who's president, Congress can take these four steps to move forward on tax reform.... Read More

US Think Tanks Seek Info on Carbon Capture Tax Credit

August 11, 2016 | Tax News

On August 9, Green Scissors, a coalition between Friends of the Earth, the R Street Institute, and Taxpayers for Common Sense, announced it... Read More

Enviros, Small Government Groups Come Together

August 10, 2016 | Politico - Morning Tax

ENVIROS, SMALL GOVERNMENT GROUPS COME TOGETHER: An alliance going by the name of Green Scissors, consisting of Friends of the Earth, the R... Read More

Carbon Capture: Groups Request Records on Tax Credit

August 09, 2016 | Environment & Energy

Groups opposed to carbon capture subsidies today filed a Freedom of Information Act request to release more details on an existing federal tax... 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

Learn More

How US agriculture policy favors corporations over family farms.

Weekly Wastebasket

Shutting Down a Shutdown

September 30, 2016

Our Take

Cutting the Tongass Timber Plan Down to Size

September 27, 2016

Weekly Wastebasket

Learning Lessons from Tax Reform

September 23, 2016