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

Senate Budget Committee Holds Hearing on The Benefits of a Balanced Budget

March 23, 2015

Senate Budget Committee Holds Hearing on The Benefits of a Balanced Budget At a March 11th Senate Budget Committee hearing on the benefits of a balanced budget, lawmakers discussed government waste, corporate welfare,... Read More

Letters & Testimony

Joint Letter to the Senate Urges Renewable Fuel Standard Reform

February 26, 2015

Joint Letter to the Senate Urges Renewable Fuel Standard Reform Today, TCS joined 34 other organizations in support of a new measure to reform the failed Renewable Fuel Standard (RFS)... Read More

Our Take

New Vogtle Delay Highlights Risks of DOE’s Loan Guarantees

February 12, 2015

New Vogtle Delay Highlights Risks of DOE’s Loan Guarantees In a recent filing, Southern Company reported that the construction of two new nuclear reactors at Plant Vogtle, which is partially owned by... Read More

Letters & Testimony

Diverse Coalition Calls for RFS Reform in Letter to the House

February 04, 2015

Diverse Coalition Calls for RFS Reform in Letter to the House Today, TCS joined 34 other organizations in support of a bill introduced in the House to finally reform the failed Renewable Fuel Standard (RFS)... Read More

Our Take

Residents Recognize Medicine Bow Plant Isn’t Worth Their Support

December 22, 2014

Residents Recognize Medicine Bow Plant Isn’t Worth Their Support Last week, it was welcome news to hear that citizens of Hanna, Wyoming are skeptical about the proposed construction of a $2 billion coal to... Read More

Our Take

Top 10 Tax Cherries On Top of the CROmnibus

December 17, 2014

Top 10 Tax Cherries On Top of the CROmnibus Fresh off their $1.1 trillion CROmnibus high, the Senate approved a bill providing dozens of tax breaks to special interests. The tax... Read More

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Fact Sheets

Shallow Loss Programs May Surpass Cost of Old Subsidy Schemes

August 12, 2014

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

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

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

NFL’s Tax-Exempt Status Is Again Under Fire in Congress

March 10, 2015 | Reuters

WASHINGTON xx (Reuters) - Congressman Jason Chaffetz insists his bid to overturn the NFL's decades-old tax-exempt status has nothing to do... Read More

Tax Experts Say Holiday on Earnings Is a Bad Idea

February 09, 2015 | San Francisco Chronicle

WASHINGTON — Sen. Barbara Boxer is teaming with potential Republican presidential candidate Rand Paul to promote a plan they say will fix... Read More

Wind PTC Opposition Seeks Skewed Energy Market

February 05, 2015 | The Hill

Former Sen. Don Nickels’ (R-Okla.) piece in The Hill last week, Allowing wind to thrive without the PTC, is just the latest salvo in the... Read More

Swenson: On the Public Dole

February 05, 2015 | The Spectrum

Congresswoman Joni Ernst gave the republican rebuttal to President Obama's State of the Union report and told of her life on an Iowa farm... Read More

Will 2015 Be the Year for Tax Reform? It Could Happen

January 23, 2015 | The GPS News

WASHINGTON— The similarities between Rep. Paul Ryan’s (R-Wis) and President Obama’s proposals to expand the earned income tax credit to... Read More

Weekly Wastebasket

Our weekly reality-check for federal spending. View All

January 23, 2015

Dividends of Doing It Differently

Reaction to the President’s State of the Union speech was swift and predictable. Democrats lauded his proposals... Read More

Corporate Welfare in Agribusiness

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How US agriculture policy favors corporations over family farms.