The federal government is spending too much, running large deficits, and heading toward a financial crisis. If government spending is not cut, average working families will face huge tax increases that dwarf anything seen in decades. Tax increases would damage the economy and be strongly resisted by the public. As a consequence, policymakers need to begin identifying programs in the federal budget that can be cut, terminated, transferred to the states, or privatized.

More on Federal Budget Policy

Commentary

There’s Nothing Cruel About Trump’s ‘Medicare Cuts’

By Michael D. Tanner. New York Post (Online). March 13, 2019.

Why the U.S. Can’t Afford a Green New Deal

By Jeffrey Miron and Laura Nicolae. CNN.com. February 24, 2019.

Alexandria Ocasio-Cortez’s Green New Deal Is a Radical Front for Nationalizing Our Economy

By Ryan Bourne. USA Today. February 11, 2019.

Cato Studies

Restoring Responsible Government by Cutting Federal Aid to the States

By Chris Edwards. Policy Analysis No. 868. May 20, 2019.

Diverging Trends in National and Local Concentration

By Esteban Rossi-Hansberg, Pierre-Daniel Sarte, and Nicholas Trachter. Research Briefs in Economic Policy No. 151. February 20, 2019.

The Budgetary Effects of Ending Drug Prohibition

By Jeffrey Miron. Tax and Budget Bulletin No. 83. July 23, 2018.

Articles

The Benefits of Integrating the Personal and Corporate Tax Codes

Ike Brannon. Bloomberg BNA: Daily Tax Report. December 4, 2017.

Infrastructure Investment

Chris Edwards. Policy Priorities for the 114th Congress. 2015.

Forget the Fiscal Cliff and the Fear the Debt Crisis

Doug Bandow. The Wainwright Perspective. February 21, 2013.

Public Filings

Restructuring the U.S. Postal Service

By Chris Edwards. Testimony. April 30, 2019.

Trump Administration Efforts to Reform and Cut the Government

By Chris Edwards. Testimony. September 13, 2017.

Department of Energy Loan Programs

By Chris Edwards. Testimony. February 15, 2017.

Cato Reviews & Journals

Can We Cut Government Spending?

Ryan Murphy. Regulation. Summer 2018.

Regulation and Big-Firm Capitalism

Bruce Yandle. Regulation. Fall 2017.

32. Cutting Federal Spending

Cato Handbook for Policymakers. Cato Handbook for Policymakers, 8th Edition (2017).

Events

Rethinking America’s Highways

Featuring Robert W. Poole Jr., Jonathan Gifford, and Chris Edwards. September 7, 2018. Capitol Hill Briefing.

Home Stretch for Major Tax Reform?

Featuring Grover Norquist, Alex Brill, Chris Edwards, & Ryan Bourne. October 26, 2017. Capitol Hill Briefing.

Major Tax Reform in 2017?

Featuring J.D. Foster, Jason J. Fichtner, Chris Edwards, Ryan Bourne, & Peter Russo. May 15, 2017. Capitol Hill Briefing.

Downsizing the Federal Government

Economic Development Administration

By Chris Edwards and Tad DeHaven. April 2018.

Energy Subsidies

By Chris Edwards. December 2016.

Privatizing Amtrak

By Chris Edwards. October 2016.