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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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

Letters & Testimony

TCS & NTU Ask House Rules Committee to Allow Fiscally Responsible Amendments

May 13, 2015

TCS & NTU Ask House Rules Committee to Allow Fiscally Responsible Amendments On Tuesday, TCS and the National Taxpayers Union (NTU) sent a letter urging the House Rules Committee to deem certain amendments in order for... Read More

Our Take

Secretary of Defense Ashton Carter Is Singing Our Song

May 07, 2015

Secretary of Defense Ashton Carter Is Singing Our Song They say imitation is the most sincere form of flattery. If so, the Talking Heads were pleased to see this quote from the Secretary of Defense... Read More

Letters & Testimony

TCS and POGO Urge House to Cut MOX Funding from Energy and Water Bill

May 01, 2015

TCS and POGO Urge House to Cut MOX Funding from Energy and Water Bill On April 30th, TCS and Project on Government Oversight sent the following letter to the House of Representatives urging members to eliminate... 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

Perdue hits the mark on agency’s redundancy

July 28, 2015 | Politifact

Don’t worry if you have never heard of the National Technical Information Service. You can look it up online. That’s a big part of the point... Read More

Another budgetary snafu

July 21, 2015 | Capital Insider

Congress is running out of time to finish debating bills that would fund government programs for 2016. While the House has passed six, with... Read More

David Vitter’s 12 Senate Hearings in Louisiana Aid His Run for Governor

July 06, 2015 | Bloomberg

David Vitter has been criss-crossing Louisiana for the past six months, holding public events about the issues at the core of his campaign for... Read More

Stabenow Seeks Tax Sweeteners for NASCAR Track Operators

July 02, 2015 | Roll Call

Sen. Debbie Stabenow, D-Mich., is teaming with Senate Appropriations Chairman Thad Cochran, R-Miss., and other senior Republicans in pressing... Read More

Santorum charter flights cost taxpayers more than $400K

July 02, 2015 | USA Today

Former senator Rick Santorum, R-Pa., launched his presidential campaign in May by emphasizing his blue-collar roots and promising to "take... 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