Chris Edwards
Federal Spending Up 40 Percent Since 2019
Federal spending jumped from $4.45 trillion in 2019 to $6.21 trillion in 2023, according to the Congressional Budget Office.
Let There Be Tax Reform
The low‐income housing tax credit hands out $11 billion a year in tax subsidies, which are supposed to flow to tenants in lower rents.
Deficits Caused by Broad‐Based Spending Increases
Today’s soaring federal deficits are a looming disaster and were sadly avoidable.
A Century of Federal Spending, 1925–2025
President Biden’s new budget confirms that we are in the midst of a historic ratcheting up of government spending.
President Biden’s Historic 2024 Budget
The Biden administration has proposed its federal budget for 2024.
Biden’s Billionaire Tax
We should reward work and wealth by not overtaxing them.
Cutting Federal Spending
Federal spending is soaring, deficits are chronic, and government debt is reaching all‐time highs relative to the size of the economy.
Agricultural Policy
The U.S. Department of Agriculture (USDA) spends roughly $30 billion a year on support for farm businesses.
Amtrak
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.
U.S. Postal Service
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.