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.
Explore the Rein in Deficits Program-
National Security
Defense Savings Strengthen Our Economic Security
Congress can help protect our nation’s economic security by pursuing a minimum of $50 to $100 billion in annual Pentagon budget savings...

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Increase Transparency
TCS Statement on the Fiscal Cliff Deal
Congress and the President went bungee jumping off the cliff and are going to be in the same position in just a few short months ...

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Letters & Testimony | Budget & Tax
Use Common Sense to Rappel the Fiscal Cliff
Read our letter to President Obama, Speaker Boehner, and Leader Reid: We write to offer specific suggestions for how to move forward...

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Reports & Data | National Security
Spending Even Less, Spending Even Smarter
Details nearly $700 billion in savings over the next ten years, including cuts to wasteful weapons systems. ...

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
Defense Savings Strengthen Our Economic Security
February 06, 2013
February 6, 2013
Dear Member of Congress,
On behalf of the undersigned organizations and...
TCS Moderates Congressional Briefings on Reforming the Renewable Fuel Standard
February 05, 2013
Big Oil Boasts High Profits; Subsidies Continue
February 01, 2013
Oil and gas companies continue to boast substantial profits while reaping billions in taxpayer-backed subsidies. As of February 1st, four...
It’s Official: 2012 Drought Cost Taxpayers a Record $14 Billion
January 16, 2013
This week, the U.S. Department of Agriculture (USDA) confirmed what taxpayers have feared for months. After tallying losses from last year’s...
House Science Subcommittee Debates Oil Shale Subsidies
December 12, 2012
The House Science, Space, and Technology Subcommittee on Energy and Environment held a hearing November 30th to discuss the development of...
Fiscal Conservatives: Taxpayers Won’t Harvest Farm Bill Savings
December 07, 2012
Taxpayers for Common Sense sent a joint letter today urging Congress to reject a five-year farm bill as part of a deficit reduction package....
Energy Tax Breaks Catch Ride on Fiscal Cliff Train
January 03, 2013
At the 11th hour lawmakers and the White House agreed to a deal on the fiscal cliff. While the deal was crafted to address urgent tax hikes...
Sliding Past Sequestration: $2 Trillion in Common Sense Cuts to Avoid the Fiscal Cliff
October 01, 2012
In the summer of 2011, Congress sent the President a bill that acknowledged failure. Instead of swallowing hard and coming up with trillions...
Congress’ Tortured Math in MAP-21 (Trans. Reauthorization)
September 27, 2012
The just-passed MAP-21 (transportation omnibus) is paid for! It reduces the debt over 10 years!
By $16.3 billion,if CBO is to be...
Turning a Drought into a Fiscal Disaster
July 24, 2012
Politicians on both sides of the aisle are trying to take advantage of the drought crisis to foist a trillion-dollar farm bill on...
Budget Review: Leading Policy Priorities for Sustained Growth
February 14, 2013 | National Journal
With the release of the House Republican’s Fiscal Year 2013 budget resolution, budgetary issues are roaring back to the front burner. This...
How to Make Democrats and Republicans Agree on a Sequester Deal
February 13, 2013 | U.S. News
As we look ahead to the sequestration set to take effect at the end of the month, we are already hearing the voices from all sides offering...
Truth-O-Meter: Marco Rubio says sequester was Obama’s idea
February 13, 2013 | PolitiFact
Florida Sen. Marco Rubio delivered the Republicans’ response to the State of the Union address, criticizing President Barack Obama on policy...
Defense cuts a necessary step to control deficit
February 13, 2013 | POLITICO
In a couple of weeks we will have a chance to revisit the holidays and immerse ourselves in all things “sequestration.” The deal brokered...
State Of The Union: Obama Renews Call For Elimination Of Some Corporate Tax Loopholes
February 13, 2013 | Huffington Post
Solving the never-ending budget crisis and reducing the deficit will require corporate tax reform, Obama said.
Obama called for tax reform...

February 5, 2013
CONTACTS:
Steve Ellis, 202-546-8500 ext...