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Senate Appropriations Committee Passes Energy and Water Bill—Includes $17 billion in Risky Loan Guarantee

On July 22, the Senate Committee on Appropriations passed the Energy and Water Development Appropriations Bill. The $34.97 billion bill...

Oil and Gas Industry: A Decade of Record Breaking Profits

Big Oil has made Big Money over the last decade. In fact, the last five years proved to be some of the most profitable for any U.S....

Mining Companies Enchanted by New Mexico Giveaways

New Mexico is one of the most heavily mined states in the country, producing large amounts of perlite, copper, and other hardrock...

Arizona Public Lands in Mining Company Hands

Arizona is one of the most heavily mined states in the country, producing large amounts of copper, silver and other hardrock minerals....

Obama to Contractors: Don’t Cheat Uncle Sam

It was payback time for President Obama this week when he threw down the gauntlet to tax-dodging contractors.Taxpayers pay contractors...

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...

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. ...

Oil and Gas Industry Profits

Another Huge Year Exxon Mobil likes breaking records. In 2007, it posted the biggest annual profit number reported by any American...

Coal: A Long History of Subsidies

Subsidies to the coal industry began in 1932, when the federal government allowed companies to deduct a portion of their income to help...

TCS Fact Sheet: Coal Industry Profits

In 1932, the federal government began giving subsidies to the coal industry in order to help the industry recover initial capital...

Engineering Boondoggles

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