Rein in Deficits

The federal government usually runs an annual budget deficit, which is measured by the difference between the amount of money it spends and it receives in a given year. Each year’s deficit is added to the total amount the government owes to creditors, known as the national debt. ...More

In some instances it makes good economic sense to run a short-term deficit. But consistent and growing deficits and national debt can hurt the economy. Our Constitution mandates that Congress pass a federal budget every year. It is up to Congress to cut spending and raise revenue in order to stop running a deficit year after year. Over the next few years, lawmakers must begin reducing the national debt and put in place a credible long-term plan to keep the federal budget in balance.

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All the latest content from TCS in Rein in Deficits
Press Releases

Budget Watchdog Documents Low Federal Effective Tax Rates for Large Oil and Gas Companies

July 31, 2014

Effective Tax Rates of Oil and Gas Companies: Cashing in on Special Treatment report finds variety of special tax provisions allows companies to defer billions in taxes... Read More

Letters & Testimony

Letter to Senate Appropriations Committee: Reject more funding for F-35

July 17, 2014

This week the Senate Appropriations Committee began its consideration of H.R. 4870, the appropriations bill for the Department of Defense... Read More

Letters & Testimony

Cut Back Needless Fossil Subsidies in Energy and Water Bill

July 10, 2014

Cut Back Needless Fossil Subsidies in Energy and Water Bill The Green Scissors coalition urges support for the amendment offered by Rep. Jackie Speier to reduce the Fossil R&D account to FY 2014 levels.... Read More

Letters & Testimony

Support common sense amendments to the Energy and Water Appropriations bill

July 09, 2014

Support common sense amendments to the Energy and Water Appropriations bill Taxpayers for Common Sense recommends an “aye” vote on the following amendments.... Read More

Our Take

TCS Analysis of President’s Supplemental Budget Request

July 08, 2014

TCS Analysis of President’s Supplemental Budget Request Today the Administration submitted to the Congress an emergency supplemental request for $4.3 billion. Here's our ongoing analysis.... Read More

Our Take

White House Releases More Details on Pentagon Slushfund Account

June 26, 2014

White House Releases More Details on Pentagon Slushfund Account Today, after months of delay, the Administration put some flesh to the bones of its Overseas Contingency Operations (OCO) request for fiscal... Read More

More in-depth material from TCS in Rein in Deficits
Reports & Data

Effective Tax Rates of Oil & Gas Companies: Cashing in on Special Treatment

July 30, 2014

Effective Tax Rates of Oil & Gas Companies: Cashing in on Special Treatment From 2009 through 2013, large U.S.-based oil and gas companies paid far less in federal income taxes than the statutory rate of 35 percent.... Read More

Fact Sheets

$58 billion “Emergency” Overseas Operations Spending equals 5th Largest Federal Agency

June 30, 2014

$58 billion “Emergency” Overseas Operations Spending equals 5th Largest Federal Agency At Taxpayers for Common Sense, we don’t advocate cutting federal spending in one department or agency and moving it to another. But... Read More

Fact Sheets

Pre-cursor Earmarks (?) in the Defense Bill

June 12, 2014

Pre-cursor Earmarks (?) in the Defense Bill Taxpayers for Common Sense combed through the National Defense Authorization legislation, as it was passed by the House of Representatives,... Read More

Fact Sheets

Just the facts about Border “Security” and Immigration Reform

May 27, 2014

Just the facts about Border “Security” and Immigration Reform Immigration reform is a perennial topic at the forefront of the political discourse in Washington. The media reports that there is movement... Read More

TCS appearances in the media in Rein in Deficits

U.S. Export-Import Bank at heart of debate over federal role

July 31, 2014 | World-Herald Bureau

WASHINGTON — Shipping millions of dollars worth of popcorn to an overseas buyer is a risky proposition. Nebraska-based Preferred Popcorn... Read More

Christmas in July for Coal Companies

July 29, 2014 | US News & World Report

Tomorrow morning, the Bureau of Land Management will hold another lease sale of federally owned coal. And it’s going to be a lousy deal for... Read More

Golden Hammer: U.S. squandered $34 million on failed Afghan soybean project

July 25, 2014 | Washington Times

Call it the great American soybean heist, the latest tale of U.S. taxpayer abuse to emanate from Afghanistan. Despite clear evidence... Read More

The Road to Budget Gimmicks

July 24, 2014 | US News & World Report

Earlier this month, I wrote about the looming crisis with the Highway Trust Fund in the wake of the Congressional Budget Office announcing... Read More

The Congressional to-do list and your money

July 24, 2014 | WJLA ABC 7

With an August break just two weeks away, Congress is facing a long to-do list with bills covering things from highway funds to... Read More

Weekly Wastebasket

Our weekly reality-check for federal spending. View All

July 25, 2014

Van Halen Port Policy

Panama! Panama-ah-ah-ah! The lyrics from the eponymous Van Halen song from the 1980s could just as easily be... Read More