Fact Sheets

2010 Defense Budget Winners and Losers

The day last April when Defense Secretary Robert Gates revealed the Defense Department’s 2010 budget has become known as “Black Monday.”...

Bailout Bank Bio: Eagle Bancorp, Inc.

Eagle Bancorp, Inc. (Eagle Bancorp) is a bank holding company that provides general commercial and consumer banking services through its...

Bailout Bank Bio: GMAC

Founded in 1919 as the General Motors Acceptance Corporation, GMAC is an important company in both the auto and  home finance...

The Percentage Depletion Allowance (PDA): A Double Giveaway for Hardrock Mining Companies

For decades, hardrock mining companies have benefited from generous tax breaks at the expense of taxpayers, all the while extracting...

The Amazing Waste: Hydrogen Fuel Cell Funding

Despite being expensive, inefficient, and ineffective, hydrogen fuel cell technologies have received more than $1.4 billion in federal...

Oil and Gas Royalties: Relief for Oil and Gas Companies, a Fiscal Headache for Taxpayers

Oil and gas companies that drill offshore or on public lands are required to pay for the oil and gas they remove in the form of royalties. However, because of out-dated energy policy and mismanagement of royalty collection, oil and gas companies often pay little to no royalties to the owners of the resources—U.S. taxpayers. At a time when oil companies have experienced five years of record profits, there is no need to subsidize the industry with royalty holidays. With prices at more than $80/barrel, and predicted to increase, the industry has ample incentive to produce more oil without taxpayer subsidies. ...

Department of Energy Loan Program

What are federal loan guarantees? Federal loan guarantees allow borrowers to receive a loan from an independent or federal lender with...

UPDATE: The President’s 2010 Budget: Reining in Oil and Gas Subsidies

The president’s fiscal year 2010 budget repeals several long-standing oil and gas subsidies, saving an estimated $31.7 billion over the next ten years.i In addition, general tax and subsidy reforms will save $108.5 billion, largely from subsidies that benefit the oil and gas industries. For nearly a century, taxpayers have provided billions of dollars in subsidies to the oil and gas industry, this proposal takes the first step toward reining in decades of giveaways....

Bailout Bank Bio: Southwest Bancorp

Southwest Bancorp, Inc., a financial holding company, provides commercial and consumer banking services in Oklahoma, Kansas, and Texas....

Bailout Bank Bio: LCNB Corp.

LCNB Corp. operates as the holding company for Lebanon Citizens National Bank that provides commercial and personal banking services in...

Engineering Boondoggles

While Washington is wringing its hands about the automatic across-the-board budget cuts known as...