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

TCS Analysis of President’s FY2015 Budget

March 04, 2014

TCS Analysis of President’s FY2015 Budget TCS staff will be combing through the President's budget over the next several hours and days.... Read More

Our Take

Summary of Senate Finance Committee’s Tax Extenders Package

April 03, 2014

Summary of Senate Finance Committee’s Tax Extenders Package On Tuesday, April 1, 2014, Senate Finance Committee Chair Ron Wyden (D-OR) released the version of the tax extenders package that the... Read More

Our Take

Energy Tax Extenders in Senate EXPIRE Act

April 03, 2014

On Tuesday, April 1, 2014, Senate Finance Committee Chair Ron Wyden (D-OR) released the version of the tax extenders package that the... Read More

Press Releases

Backlog of Roadway Repairs Threatens State Transportation Budgets Nationwide

March 12, 2014

Backlog of Roadway Repairs Threatens State Transportation Budgets Nationwide New national report examines how much states are spending on new roadways versus investing in repairs.... Read More

Our Take

The Lost Cause of Clean Coal

March 05, 2014

The Lost Cause of Clean Coal A recent congressional hearing (“DOE Oversight: Status of Clean Coal Programs”, House Energy & Commerce Committee, Subcommittee on Oversight... Read More

Letters & Testimony

Letter to the House: Oppose H.R. 3370

March 04, 2014

Letter to the House: Oppose H.R. 3370 Today, TCS sent a letter to the House of Representative, urging lawmakers to oppose H.R. 3370 and reject efforts to extend taxpayer flood insurance subsidies.... Read More

More in-depth material from TCS in Budget & Tax
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 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

Fact Sheets

Just the Facts about the Mortgage Interest Deduction

March 12, 2014

The mortgage interest deduction (MID) allows homeowners to deduct from their taxable income the interest payments on home mortgage balances... Read More

Fact Sheets

Just the Facts about the Domestic Production Activities Deduction

March 12, 2014

The domestic production activities deduction provided under Section 199[1] of the Internal Revenue Code (IRC) is a poorly-targeted policy... Read More

TCS appearances in the media in Budget & Tax

Paying Uncle Sam

April 17, 2014 | WJLA News Channel 8

Millions of Americans have filed their federal and state income taxes. Where is all of that money going? Ryan Alexander, president... Read More

Starting a Tax Day Dialogue

April 15, 2014 | US News & World Report

Today is April 15, the one day every year when most Americans think about taxes. So I thought I would take this opportunity to step back and... Read More

First on CNN: Tax-writing lawmakers’ tax issues—do as I say…

April 15, 2014 | CNN

Washington (CNN) -- The House Ways and Means Committee is the oldest, and arguably the most powerful, in Congress with members... Read More

GOP Lawmakers Balk When Spending Cuts Turn Real

April 09, 2014 | Associated Press

When House Republicans pass Rep. Paul Ryan's budget for a fourth year in a row this week, they'll go on record again in favor of big... Read More

Congress Does Something-Pushes $127 Billion in Tax Breaks

April 07, 2014 | The Fiscal times

in a clear sign that Congress remains light years away from tax reform, the Senate Finance Committee on Thursday approved a bill to renew a... Read More

Weekly Wastebasket

Our weekly reality-check for federal spending. View All

April 11, 2014

What’s Your Tax Rate?

Seeing as April 15th is right around the corner, we’ll keep the tax reform ball rolling this week. As... 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.

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