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

Who Pays to Take Out the Islamic State?

August 29, 2014 | U.S. News & World Report

At a recent press briefing in the Pentagon, U.S. Secretary of Defense Chuck Hagel and Chairman of the Joint Chiefs of Staff Army Gen. Martin... Read More

Military Equipment for Local Police Questioned Amid Ferguson Violence

August 20, 2014 | CNN

Joe Johns looks at a federal program that provides heavy equipment to police forces like Ferguson. JOE JOHNS, CNN SENIOR WASHINGTON... Read More

Billy Long’s bill a symptom, symbol of gridlock

August 12, 2014 | Gannett News Service

WASHINGTON – It has a catchy name — the Taxpayer Transparency Act — and it's pretty simple. Sponsored by Springfield GOP Rep. Billy Long, the... Read More

Biosimilar Naming Debate Expands As Groups Jump In, Push Shared Names

August 08, 2014 | Inside Health Policy

A handful of consumer groups focusing on economics policies are piping up in the biosimilar debate and asking FDA not to be distracted by... Read More

New Oil and Gas Drilling Financed Largely With Debt

August 07, 2014 | OilPrice.com

Major oil and gas companies are taking on an increasing share of debt in order to maintain drilling momentum, according to data from the... Read More

Weekly Wastebasket

Our weekly reality-check for federal spending. View All

August 28, 2014

Subsidies Keep the Good Times Rolling

Anybody road tripping through the Corn Belt this Labor Day can’t miss the obvious signs of farm profitability.... Read More