With federal sequestration triggering a fierce debate over what
government programs should be cut, a fiscal watchdog group proposes
putting energy subsidies on the chopping block.
Unless Congress reaches a deal, there will be automatic across-the-board spending cuts.
“Sequestration is bad. It is irresponsible. It would cut the best and the worst the government has to offer without distinction,” Taxpayers for Common Sense president Ryan Alexander said in a statement.
“And no amount of finger pointing can change the fact that both Congress and the President are responsible for this threat,” she continued.
TCS put together a list of programs that should be cut because they are “an inefficient, ineffective, or wasteful use of taxpayer dollars” and can be safely eliminated, including a wide range of energy subsidies.
In total, TCS identified $2 trillion in cuts that would the federal deficit and “reflect the values of effectiveness and efficiency in managing taxpayer dollars.”
Cutting energy subsidies including to sources like alternative energy, biofuels, coal, nuclear power, oil, natural gas, as well as cutting research and development funding
, would save taxpayers $12.8 billion in 2013, and $123 billion over ten years.
Unless Congress reaches a deal, there will be automatic across-the-board spending cuts.
“Sequestration is bad. It is irresponsible. It would cut the best and the worst the government has to offer without distinction,” Taxpayers for Common Sense president Ryan Alexander said in a statement.
“And no amount of finger pointing can change the fact that both Congress and the President are responsible for this threat,” she continued.
TCS put together a list of programs that should be cut because they are “an inefficient, ineffective, or wasteful use of taxpayer dollars” and can be safely eliminated, including a wide range of energy subsidies.
In total, TCS identified $2 trillion in cuts that would the federal deficit and “reflect the values of effectiveness and efficiency in managing taxpayer dollars.”
Cutting energy subsidies including to sources like alternative energy, biofuels, coal, nuclear power, oil, natural gas, as well as cutting research and development funding
, would save taxpayers $12.8 billion in 2013, and $123 billion over ten years.
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