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
Letters & Testimony

Fiscal Conservative Coalition Tells Congress to Scrap OCO Deadline Gimmick

July 12, 2016

Fiscal Conservative Coalition Tells Congress to Scrap OCO Deadline Gimmick On Tuesday, Taxpayers for Common Sense joined with 17 other fiscal conservative organizations in sending a letter to all members of Congress... Read More

Letters & Testimony

TCS Tells Lawmakers: Oppose Efforts to Limit Tax Reform Options

June 09, 2016

TCS Tells Lawmakers: Oppose Efforts to Limit Tax Reform Options TCS sent the letter below to lawmakers urging them to vote NO on H.Con.Res.89, which would limit tax reform options by keeping a carbon tax off the table.... Read More

Our Take

Forest Service Budget Proposal Under Fire from Lawmakers

March 24, 2016

Forest Service Budget Proposal Under Fire from Lawmakers Forest Service Chief Tom Tidwell discussed the FS budget proposal and how it could affect taxpayers with lawmakers at hearings over the last few weeks.... Read More

Our Take

The President’s FY2017 Budget - TCS Analysis

February 08, 2016

The President’s FY2017 Budget - TCS Analysis Ongoing analysis of President Obama's final budget request for FY 2017 and insight into what it all means for taxpayers.... Read More

Our Take

Arch Coal’s Bankruptcy Could Leave Millions in Clean-Up Costs to Taxpayers

January 12, 2016

Arch Coal’s Bankruptcy Could Leave Millions in Clean-Up Costs to Taxpayers Arch Coal's $450 million in self-bonded reclamation costs could fall onto taxpayers' backs now that the company has declared bankruptcy.... Read More

Our Take

FY2016 Taxibus - TCS Analysis Blog

December 16, 2015

FY2016 Taxibus - TCS Analysis Blog Ongoing analysis of the FY2016 Taxibus - the tax extenders and omnibus appropriations package recently released by Congress...... Read More

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

Common Sense Cuts for the 114th Congress

April 15, 2015

Silencing Sequester Scaremongers with $2 trillion in Deficit Reduction... Read More

Reports & Data

Report: Burning Money

November 19, 2014

Taxpayers are losing millions on natural gas extracted from federal land.... Read More

Reports & Data

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

July 30, 2014

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

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

TCS appearances in the media in Rein in Deficits

4 Ways Congress Can Lead on Tax Reform

August 12, 2016 | U.S. News & World Report

Put tax reform on the table. No matter who's president, Congress can take these four steps to move forward on tax reform.... Read More

Outgoing Navy Secretary Still Urging a Base-Closing Round

August 09, 2016 | The CT Mirror

Washington — Secretary of the Navy Ray Mabus said submarines have become more important to the national defense and the Navy has less excess... Read More

A Budget Birthday

August 03, 2016 | U.S. News & World Report

The Budget Control Act of 2011 turned 5 years old today. With several tweaks, modifications and end runs, it remains the law of the land.... Read More

Thoughts On Keeping Congress Afloat

July 06, 2016 | Hill Country News

The good news is the U.S. Navy is getting a new ship in 2017. The bad news is the department of defense doesn’t want it. The new line of... Read More

Groups Urge Lawmakers to Reject OCO Plug for Pentagon

July 05, 2016 | Bloomberg BNA

July 1 — A coalition of anti-federal spending and pro-peace groups sent a letter urging lawmakers to reject using the Overseas Contingency... Read More

Weekly Wastebasket

Our weekly reality-check for federal spending. View All

August 05, 2016

Heartburn over Pentagon Spending

Congress is giving Defense Secretary Ashton Carter a bad case of heartburn. Indeed, each year the Secretary of... Read More

TCS Rated 4-Star Charity!