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

Fiscal Conservatives Urge Adherence to Budget Control Act

February 27, 2015

  Representative Tom Price, Chairman Committee on Budget U.S. House of Representatives 207 Cannon House Office Building Washington, DC... Read More

Letters & Testimony

TCS and 46 Other Organizations Support FOIA Reform

February 06, 2015

TCS and 46 Other Organizations Support FOIA Reform On Thursday, TCS joined with 46 other organizations to send a letter to Congress in support of recent efforts to reform the Freedom of... Read More

Statements

Taxpayers for Common Sense Statement on the end of FutureGen

February 04, 2015

Statement of Ms. Ryan Alexander, President, Taxpayers for Common Sense on the end of FutureGen. “After wasting hundreds of millions of tax... Read More

Our Take

Congressional Scorekeeper Releases Budget Outlook

January 26, 2015

Congressional Scorekeeper Releases Budget Outlook Today the Congressional Budget Office (CBO) released its annual report on the federal government’s budget and economic outlook, and the text... Read More

Our Take

Top 10 Tax Cherries On Top of the CROmnibus

December 17, 2014

Top 10 Tax Cherries On Top of the CROmnibus Fresh off their $1.1 trillion CROmnibus high, the Senate approved a bill providing dozens of tax breaks to special interests. The tax... Read More

Letters & Testimony

Letter to Congress: Tax Extenders Extend Deficits

December 03, 2014

Letter to Congress: Tax Extenders Extend Deficits TCS letter to the House of Representatives outlining a better approach to tax extenders going forward. ... Read More

More in-depth material from TCS in Budget & Tax
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

Reports & Data

Understanding Oil and Gas Tax Subsidies

April 09, 2014

Understanding Oil and Gas Tax Subsidies is an in-depth look at special provisions written into the tax code over decades that benefit... Read More

TCS appearances in the media in Budget & Tax

Mailing in Their Own Wish Lists, Lawmakers Try to Shape President’s Budget

February 24, 2015 | Environment & Energy

Members of Congress have worked behind the scenes for weeks, if not months, to influence President Obama's fiscal 2016 budget request. Agency... Read More

After Major Congressional Action, Little Change at Army Corps

February 20, 2015 | Environment & Energy

For years, Congress' self-imposed ban on earmarks appeared to deliver a death blow to lawmakers' say on water resources. To fiscal... Read More

Taxpayers Getting an Education? Obama Student Loan Forgiveness Program Swells by $22B

February 12, 2015 | FOX News

The cost of President Obama's student loan forgiveness program has ballooned by nearly $22 billion over initial projections, raising alarm... Read More

Tax Experts Say Holiday on Earnings Is a Bad Idea

February 09, 2015 | San Francisco Chronicle

WASHINGTON — Sen. Barbara Boxer is teaming with potential Republican presidential candidate Rand Paul to promote a plan they say will fix... Read More

What Happened with the GSA in Vegas Stymies Federal Workers

February 09, 2015 | The Washington Post

When federal employees get together for training and meetings, fancy lunches aren’t on the menu anymore. In fact, food of any kind — tuna fish... Read More

Weekly Wastebasket

Our weekly reality-check for federal spending. View All

February 20, 2015

High Risk for Waste

Alert! The Government Accountability Office – the nonpartisan watchdog arm of Congress – has released its “High... Read More

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

Our Take

TCS Analysis of President’s FY2016 Budget

February 02, 2015

Weekly Wastebasket

The Plane That’s Eating the Pentagon

February 27, 2015

Letters & Testimony

Fiscal Conservatives Urge Adherence to Budget Control Act

February 27, 2015

Letters & Testimony

Letter to DOE: Cut Funding for CCS Projects, Like FutureGen

February 27, 2015

Our Take

Upcoming Administrative Actions on Methane

February 26, 2015