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.

Explore the Budget & Tax Program Explore Budget & Tax Close
All the latest content from TCS in Budget & Tax
Our Take

Congress Making Defense Slush Fund Slushier

March 25, 2015

Congress Making Defense Slush Fund Slushier In the House and Senate budget resolutions, lawmakers are funneling $38 billion more into the Pentagon's slush fund than the Pentagon... Read More

Our Take

Senate Budget Committee Holds Hearing on The Benefits of a Balanced Budget

March 23, 2015

Senate Budget Committee Holds Hearing on The Benefits of a Balanced Budget At a March 11th Senate Budget Committee hearing on the benefits of a balanced budget, lawmakers discussed government waste, corporate welfare,... Read More

Our Take

DOI Budget Hearing: Lawmakers Discuss Coal Royalties, Methane, and Oil and Gas Leasing

March 20, 2015

DOI Budget Hearing: Lawmakers Discuss Coal Royalties, Methane, and Oil and Gas Leasing March 5th House Natural Resources Committee hearing on DOI’s FY2016 budget request... Read More

Our Take

House Appropriations Interior Subcommittee questions USFS Chief on FY2016 Budget Request

March 20, 2015

House Appropriations Interior Subcommittee questions USFS Chief on FY2016 Budget Request On March 3rd, the House Appropriations Interior Subcommittee held a hearing to examine the U.S. Forest Service (USFS)’s FY2016 budget request.... Read More

Our Take

Forest Service FY2016 Budget Request Examined by Senate Energy and Natural Resources Committee

March 19, 2015

Forest Service FY2016 Budget Request Examined by Senate Energy and Natural Resources Committee Senate Energy and Natural Resources Committee held a hearing to examine the U.S. Forest Service (USFS)’s FY2016 budget request... Read More

Our Take

Secretary Jewell discusses DOI FY16 Budget Request with House Appropriations Interior Subcommittee

March 19, 2015

Secretary Jewell discusses DOI FY16 Budget Request with House Appropriations Interior Subcommittee On February 25th, Department of the Interior (DOI) Secretary Sally Jewell and Deputy Secretary Mike Connor testified before the House... 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

Hous GOP Approves Budget to Hike Defense, Slash Safety-Net Programs

March 27, 2015 | The Los Angeles Times

House Republicans pushed past their internal divisions to approve a budget blueprint Wednesday, putting the new Congress on track to notch a... Read More

Patrick Murphy Voted for Free Lifetime Health Care for Congress, GOP Group Says

March 27, 2015 | Politifact

The 2016 Senate race in Florida officially kicked into high gear March 23 when U.S. Rep. Patrick Murphy, D-Jupiter, became the first major... Read More

5 Gimmicks in the GOP’s “Gimmick-Free” Budget

March 18, 2015 | The Fiscal Times

The new House GOP budget for fiscal 2016 declares that “we do not rely on gimmicks or creative accounting tricks” to slash spending by $5.5... Read More

The House Republican Budget Is an Imperfect Step Forward

March 18, 2015 | Rare

Tuesday morning, the House Budget Committee released its 2016 Budget Resolution. The resolution is much better than the President’s most... Read More

House GOP Wants to Give Pentagon a Boost

March 18, 2015 | National Journal

here are plenty of ways Republicans could lose this year's massive intraparty fight over the budget. But so far there is at least one big... Read More

Weekly Wastebasket

Our weekly reality-check for federal spending. View All

March 27, 2015

Unsustainable Growth

Just before leaving for a two-week recess, the House passed a bill aimed at permanently solving a long-standing... 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