The Tax and Fiscal Policy Task Force develops policy to reduce excessive government spending and lower the overall tax burden. Its legislative members have been at the forefront of developing sound, free-market tax and fiscal policy. The Task Force has developed budget reform policies, tax and expenditure limitations, supermajority requirements for tax increases, dynamic revenue forecasting, and legislation opposing Internet taxes. The Task Force has three subcommittees that explore various issues in detail, including the Internet Subcommittee, the Tax Reform Subcommittee, and the Tax and Expenditure Limitation (TEL) subcommittee.

A recent survey of members indicated that tax policy was their top concern. In the most recent legislative session, over 500 bills to lower the tax burden and curb excessive government spending were introduced by ALEC members.