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 Groups Support Flake Amendment #3820 to Cut Wasteful Corps Funding

April 26, 2016

Fiscal Groups Support Flake Amendment #3820 to Cut Wasteful Corps Funding TCS and the fiscal groups below sent the following letter urging Senators to support Amendment #3820 to cut wasteful Army Corps of Engineers funding.... Read More

Letters & Testimony

Fiscal Groups Oppose Murray Amendment #3813

April 25, 2016

Fiscal Groups Oppose Murray Amendment #3813 TCS and the groups below sent the following letter to the Senate regarding Amendment #3813 to the FY17 Energy and Water Appropriations Bill.... Read More

Letters & Testimony

Coalition Letter to Support Reform for Miscellaneous Tariff Bills

April 14, 2016

Coalition Letter to Support Reform for Miscellaneous Tariff Bills On Thursday, Taxpayers for Common Sense and nine other groups sent a letter to Rep. Kevin Brady (R-TX), Chairman of the House Ways and Means... Read More

Letters & Testimony

TCS Supports Equal Access to Congressional Research Reports Act of 2016

April 06, 2016

TCS Supports Equal Access to Congressional Research Reports Act of 2016 TCS signed onto the following letters in support of The Equal Access to Congressional Research Reports Act of 2016 (H.R. 4702 and S. 2639).... Read More

Our Take

Lawmakers Question Interior’s FY17 Budget

March 23, 2016

Lawmakers Question Interior’s FY17 Budget Interior Secretary Jewell recently testified at hearings on the Dept. of Interior's FY17 budget request.... Read More

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

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

Congress Is Endangering Military Readiness

April 25, 2016 | The National Interest

House Armed Services Committee chairman Mac Thornberry recently complained about readiness weaknesses across the U.S. military. But he and his... Read More

IRS Referrals for Tax-Fraud Prosecutions Still Falling in State, Nation

April 20, 2016 | Phoenix Business Journal

The number of taxpayers the IRS referred for criminal prosecutions fell last year to the lowest levels of the Obama administration, and the... Read More

Tax Chairmen Seek to Revive Tariff Cuts That Help Companies

April 19, 2016 | CQ News

The top tax writers in Congress are pushing new bipartisan measures aimed at reviving temporary tariff cuts that do not violate the ban on... Read More

Carbon Capture: Groups Slam Tax Credit Proposal

April 15, 2016 | Environment & Energy

A coalition of environmentalists and market-focused groups is urging Congress not to expand tax credits for carbon capture and sequestration... Read More

Local View: New Priorities Needed for a Better, Safer America

April 14, 2016 | Duluth News Tribune

April brings spring flowers. It also brings income tax filing deadlines and gripes about taxes. Whether taxes are too high is subjective. For... Read More

Weekly Wastebasket

Our weekly reality-check for federal spending. View All

April 15, 2016

Shedding Light on Import Levies

Two weeks ago we played an April Fool’s trick on Weekly Wastebasket readers, listing various actions... 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