Budget & TaxBudget & Tax

Budgets are about more than numbers, they are a reflection of our priorities. Each year, the President and Congress make decisions about which federal programs to fund. These budget choices should all be transparent and accountable to the nation’s taxpayers. During the 112th Congress, lawmakers ...More

approved significant spending cuts over the next decade. There are many different options Congress will consider as it tackles the $16 trillion national debt that is inhibiting our nation’s overall economic growth.

Tax policy has emerged as one of the few areas that both political parties agree needs considerable reform. Over the years, the nation’s tax code has become littered with special interest tax breaks known as “tax expenditures.” Lawmakers must address the profusion of specialized tax breaks that cost taxpayers more than $1 trillion in revenue every fiscal year. A simpler, flatter, fairer tax code will better serve taxpayers.

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All the latest content from TCS in Budget & Tax
Letters & Testimony

Call for Public Access to CRS Reports

August 25, 2015

Call for Public Access to CRS Reports August 24, 2015   The Honorable Roy Blunt Chairman Committee on Rules and Administration United States Senate The... Read More

Letters & Testimony

Fannie and Freddie Coalition Letter

August 25, 2015

Fannie and Freddie Coalition Letter     August 25, 2015   Open Letter to the House and Senate: Protect Taxpayers from Another Fannie/Freddie Bailout – Enact the Enterprise... Read More

Statements

TCS Statement on the Passing of Mrs. Ellen Proxmire

August 05, 2015

TCS Statement on the Passing of Mrs. Ellen Proxmire Taxpayers for Common Sense was saddened to learn of the passing of our dear friend, taxpayer advocate, Mrs. Ellen Proxmire. Mrs. Proxmire was... Read More

Our Take

Tax Extenders: Senate Finance Committee

July 24, 2015

Tax Extenders: Senate Finance Committee On Tuesday July 21, the Senate Finance Committee approved a $95 billion package of more than 50 tax extenders, which are generally narrow... Read More

Letters & Testimony

Letter: How to Vote for Taxpayers on NDAA Amendments

May 15, 2015

Letter: How to Vote for Taxpayers on NDAA Amendments On Thursday, as the House of Representatives debated the National Defense Authorization Act (NDAA), H.R. 1735, members offered a number of... Read More

Letters & Testimony

TCS Backs NDAA Amendment to Stop a Shipbuilding Slippery Slope

May 15, 2015

TCS Backs NDAA Amendment to Stop a Shipbuilding Slippery Slope On Thursday, TCS wrote the House of Representatives to support an amendment offered by Reps. Earl Blumenauer (D-OR) and Jared Polis (D-CO) to... Read More

More in-depth material from TCS in Budget & Tax
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

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

Just the facts about the Effective Tax Rate for Oil & Gas Companies

April 21, 2014

The effective tax rate (ETR) sounds like it measures what oil companies are paying to Uncle Sam. What a company’s ETR actually measures is... Read More

101

A Century of Subsidies for the Oil & Gas Industry

April 18, 2014

The oil and gas industry has been getting subsidies for almost a century. We can't afford special treatment for profitable companies. The time has come to end taxpayer subsidies for the industry.... Read More

TCS appearances in the media in Budget & Tax

Poorly monitored science research wastes taxpayers’ money abroad

August 28, 2015 | Washington Times

Back when Bill Clinton was still president, the National Science Foundation began doling out millions of dollars to Northeastern University to... Read More

Liberal group blames Bush for raising deficits, credits Obama for lowering them

August 27, 2015 | PolitiFact

During the last four presidencies, deficits disappeared under one Democrat (Bill Clinton), went up under two Republicans (George H.W. Bush... Read More

Congressional vacations, coal, and the F-35

August 20, 2015 | Capital Insider

WASHINGTON — During the August recess, Capitol Hill is relatively quiet, but many lawmakers are traveling abroad. What are they up to? Steve... Read More

Where in the World Is Congress Spending Its Summer Vacation?

August 14, 2015 | The Fiscal Times

An annual rite of summer, Congress takes a recesses for five weeks every August. Some members spend the time in their home districts,... Read More

How Congress Cuts Its Own Budget

August 03, 2015 | National Journal

House committee offices have taken the biggest budget hit in recent years.... Read More

Weekly Wastebasket

Our weekly reality-check for federal spending. View All

July 17, 2015

Budgetary Snafu

Congress once again finds itself at dysfunction junction on finishing the bills that fund government in fiscal... Read More

20th Anniversary Celebration

The President’s Budget for FY2015

The President's proposed budget for fiscal year 2015 is out. Get the facts and see our analysis.

Our Take