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

Coalition Decries Provision to Relax Pentagon FOIA Rules

August 24, 2016

Coalition Decries Provision to Relax Pentagon FOIA Rules TCS joins 40 organizations from across the political spectrum to decry provisions that would let the Pentagon skirt recently strengthened... Read More

Letters & Testimony

Fiscal Conservative Coalition Tells Congress to Scrap OCO Deadline Gimmick

July 12, 2016

Fiscal Conservative Coalition Tells Congress to Scrap OCO Deadline Gimmick On Tuesday, Taxpayers for Common Sense joined with 17 other fiscal conservative organizations in sending a letter to all members of Congress... Read More

Letters & Testimony

TCS Tells Lawmakers: Oppose Efforts to Limit Tax Reform Options

June 09, 2016

TCS Tells Lawmakers: Oppose Efforts to Limit Tax Reform Options TCS sent the letter below to lawmakers urging them to vote NO on H.Con.Res.89, which would limit tax reform options by keeping a carbon tax off the table.... Read More

Our Take

Senate Considers FY17 Defense Authorization Bill

June 08, 2016

Senate Considers FY17 Defense Authorization Bill Just when we thought some fiscally responsible ideas might be bubbling to the top in the United States Senate, our hopes have been dashed all... Read More

Letters & Testimony

Right/Left Coalition Supports Three Amendments to FY17 NDAA

May 16, 2016

Right/Left Coalition Supports Three Amendments to FY17 NDAA On Monday, 13 organizations spanning the political spectrum sent a joint letter to the House Rules Committee in support of three amendments to... Read More

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

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

4 Ways Congress Can Lead on Tax Reform

August 12, 2016 | U.S. News & World Report

Put tax reform on the table. No matter who's president, Congress can take these four steps to move forward on tax reform.... Read More

US Think Tanks Seek Info on Carbon Capture Tax Credit

August 11, 2016 | Tax News

On August 9, Green Scissors, a coalition between Friends of the Earth, the R Street Institute, and Taxpayers for Common Sense, announced it... Read More

Enviros, Small Government Groups Come Together

August 10, 2016 | Politico - Morning Tax

ENVIROS, SMALL GOVERNMENT GROUPS COME TOGETHER: An alliance going by the name of Green Scissors, consisting of Friends of the Earth, the R... Read More

Carbon Capture: Groups Request Records on Tax Credit

August 09, 2016 | Environment & Energy

Groups opposed to carbon capture subsidies today filed a Freedom of Information Act request to release more details on an existing federal tax... Read More

Coalition Submits FOIA Request to IRS on Clean Coal Subsidies

August 09, 2016 | Morning Consult

A coalition of groups, including Friends of the Earth, Taxpayers for Common Sense and the R Street Institute, has filed a Freedom of... Read More

Weekly Wastebasket

Our weekly reality-check for federal spending. View All

August 05, 2016

Heartburn over Pentagon Spending

Congress is giving Defense Secretary Ashton Carter a bad case of heartburn. Indeed, each year the Secretary of... Read More

TCS Rated 4-Star Charity!

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