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

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

Letters & Testimony

TCS and NTU Urge Support for Mulvaney-Van Hollen Amendments

April 30, 2015

TCS and NTU Urge Support for Mulvaney-Van Hollen Amendments In a letter to the House on Thursday, TCS and the National Taxpayers Union (NTU) urged members to support the amendments offered by Rep.s Mick... 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

Budget Gimmicks Are the New Normal

May 20, 2015 | U.S. News & World Report

Budget gimmicks seem to be the new normal in Washington. Straightforward budgeting, where the president proposes and the Congress disposes,... Read More

Does Florida Take Billions More from Washington Than It Gives?

May 18, 2015 | Politifact Florida

The statement "Florida sends $135 billion and D.C. returns $150 billion." Rep. Debbie Mayfield, R-Vero Beach, May 4 on Twitter The... Read More

Odd Couple Asks EPA for Carbon Tax

May 18, 2015 | Washington Examiner

A riddle: A left-wing environmental organization and a free-market policy group enter the Environmental Protection Agency. What do they... Read More

McConnell Pushes Tax Break for Mellowing Whiskey

May 15, 2015 | Congressional Quarterly

Senate Majority Leader Mitch McConnell, R-Ky., makes no secret of his affinity for well-aged bourbon. Now, he's leading a push with his... Read More

Pentagon’s $90 Billion ‘Slush Fund’ Comes Under Attack

May 12, 2015 | The Fiscal Times

An obscure Pentagon account that has powered the U.S. war effort in the Middle East since shortly after the 9-11 attacks is at the center of a... Read More

Weekly Wastebasket

Our weekly reality-check for federal spending. View All

April 17, 2015

Silencing Sequester Scaremongers

Before getting into the substance of this wastebasket, a little history is in order. In the wake of the 2010... 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