Federal spending is soaring, deficits are chronic, and government debt is reaching all‐​time highs relative to the size of the economy.

The U.S. Department of Agriculture (USDA) spends roughly $30 billion a year on support for farm businesses.

Amtrak was supposed to become self‐supporting after a transition period, but it has never earned a profit and it consumed more than $50 billion in federal subsidies from 1970 to 2020.

The U.S. Postal Service (USPS) is a major business enterprise operated by the federal government with 650,000 workers and $77 billion in revenues in 2021.

Under the U.S. Constitution, the federal government was assigned specific, limited powers, and most government functions were left to the states.

The importance of infrastructure investment to the U.S. economy is widely recognized.

In the new Cato Handbook for Policymakers, I propose cutting the earned income tax credit (EITC).

Did tax increases deepen and extend the Great Depression?

The IRS has released a new estimate of the “tax gap,” which is the amount of federal taxes owed but not paid.

Economists are blaming today’s high inflation on excess federal spending, supply disruptions, and misjudgments by the Federal Reserve.