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

TCS Joins Letter Supporting an End to the Export-Import Bank

April 21, 2015

Taxpayers for Common Sense joined more than 50 other free-market supportive organizations encouraging Congress to let the Export-Import Bank expire as scheduled.... Read More

Letters & Testimony

Fiscal Conservatives: Maintain Point of Order for Defense Spending (Senate)

April 14, 2015

Senator Michael B. Enzi, Chairman Committee on Budget U.S. Senate 624 Dirksen Senate Office Building Washington, DC 20510 Dear Chairman... Read More

Letters & Testimony

Fiscal Conservatives: Maintain Point of Order for Defense Spending (House)

April 14, 2015

Representative Tom Price, M.D. Committee on the Budget U.S. House of Representatives 207 Cannon House Office Building Washington, DC... Read More

Our Take

Oil and Gas Leasing, Revenue Collection, and Fair Return for Taxpayers Discussed at Senate Hearing

April 13, 2015

Oil and Gas Leasing, Revenue Collection, and Fair Return for Taxpayers Discussed at Senate Hearing On March 17th, the Senate Appropriations Energy and Water Development Subcommittee held a hearing on the FY2016 budget requests for the Bureau... Read More

Our Take

Budget Hearing: Senate Energy and Water Subcommittee discusses DOE’s FY16 budget request

April 13, 2015

Budget Hearing: Senate Energy and Water Subcommittee discusses DOE’s FY16 budget request On March 25th, the Senate Appropriations Energy and Water Development Subcommittee held a hearing on the Department of Energy (DOE)’s FY2016... Read More

Our Take

Military Unfunded (and Unexplained) Priority List

April 01, 2015

Military Unfunded (and Unexplained) Priority List It’s Spring, finally. The promise of cherry blossoms fills the air in Washington. It’s also that time of year in the nation’s capital when a... 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

Why Is Rand Paul Working with Barbara Boxer on a Hated Transportation Policy?

April 23, 2015 | National Journal

In the middle of an April 7 speech announcing his candidacy for president, Rand Paul dropped an unusually specific bit of policy. "We'll... Read More

K St. Swarms on Pentagon’s ‘Wish Lists’

April 16, 2015 | The Hill

The re-emergence of Pentagon “wish lists” to Congress has ignited a fierce lobbying battle among some of the world’s largest contractors, who... Read More

Environmental Group Targets Ohio’s Portman over Clean Air

April 13, 2015 | The Toledo Blade

One of America’s most well-financed and courtroom-savvy environmental groups is going hard after U.S. Sen. Rob Portman (R., Ohio) for a budget... Read More

Without Funding Boost, Navy Shipbuilding Plan Runs Aground

April 09, 2015 | Daily Press

NEWPORT NEWS -- On the surface, the Navy's new 30-year shipbuilding plan looks like smooth sailing for Huntington Ingalls Industries and other... Read More

Fixing Medicare Costs

April 06, 2015 | Capital Insider

Congress has finally decided on a permanent fix for the "sustainable growth rate formula," a major issue facing Medicare re-imbursement. The... 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