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
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

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

Our Take

Prohibitions and Limitations and Contingencies, Oh My!

November 05, 2015

Prohibitions and Limitations and Contingencies, Oh My! The “final” version of the Pentagon policy bill is making its way, step by painful step, through the Congress this week. Why are we putting... Read More

Our Take

Bipartisan Budget Agreement Harvests Crop Insurance Savings

October 28, 2015

Bipartisan Budget Agreement Harvests Crop Insurance Savings It looks like crop insurance special interests are trying to scuttle one of the only provisions in the Bipartisan Budget Agreement of 2015... Read More

Our Take

Bipartisan Budget Agreement of 2015 - TCS Analysis

October 27, 2015

Bipartisan Budget Agreement of 2015 - TCS Analysis Oct. 30, 2015 - 10:00am On Wednesday night, the House passed an amended version of the Bipartisan Budget Agreement (BBA) that increases the... Read More

Our Take

The Rules Don’t Apply to Us

October 07, 2015

The Rules Don’t Apply to Us That may well be the rallying cry of the Pentagon budgeteers in the last dozen or more years. And they’ve been aided and abetted in this point... 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

Memo to Defense: Budgets Aren’t Bottomless

February 02, 2016 | U.S. News & World Report

It's been just a couple of months since the Bipartisan Budget Act of 2015 was passed by the Congress and signed by the president. Spending... Read More

From the Front Lines of a $1.8 Trillion National Budget Deal

January 21, 2016 | PR Week

Steve Ellis, VP of Taxpayers for Common Sense, talks about his work on the budget deal - the good, the bad, and the ridiculous... Read More

CBO: Act Now on the Budget Deficit Or Else

January 21, 2016 | Capital Insider

The Congressional Budget Office released a sobering report on Tuesday. It finds this year's budget deficit will rise to $544 billion -- an... Read More

Editorial: To Lessen Waste, Hold Bureaucracy Accountable

January 19, 2016 | Lockport Union Sun & Journal (NY)

Thousands of recommendations that could save taxpayers tens of billions of dollars are gathering dust, according to the U.S. Government... Read More

Understanding How Oil Companies Pay Taxes

January 13, 2016 | Investopedia

Large oil companies in the United States pay taxes at a significantly lower rate than the statutory federal effective tax rate (ETR) of 35%... Read More

Weekly Wastebasket

Our weekly reality-check for federal spending. View All

February 05, 2016

Final Budget Countdown

The final budget of the Obama Administration hits the street on Tuesday. It’s a week late and marks the sixth... Read More

TCS Celebrates 20th Anniversary

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