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Common Sense Cuts—$900 billion in savings over 10 years

The time has come for Congress to begin a serious discussion about how it is going to correct the current budgetary path into deeper and...

TCS reaction to Sen. Manchin (D-WV) Statement on Coal Subsidies

We all know that lawmakers are allowed the occasional stretching of the truth, but at a Senate Energy and Natural Resources...

TCS Recommended Budget Cuts for the 112th Congress

The time has come for Congress to begin a serious discussion about how it is going to correct the current budgetary path into deeper and...

Third Quarter Results are in and still the same story: Billions in profit, billions more in subsidie

Total SA made $3.2 in the third quarter; Shell: $3.5; Chevron: $3.8; Exxon: $7.4; and most telling of all, BP has emerged back into the...

Green Scissors 2010

Taxpayers for Common Sense joined a number of environmental and consumer groups and a bipartisan slate of Representatives today in...

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....

Details on the President’s Proposed Fossil Fuel Cuts

In keeping with President Obama’s call to end fossil fuel subsidies, the latest budget proposal includes several significant cuts to oil,...

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. ...

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....

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...

Engineering Boondoggles

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