The Department of Commerce is home to the Census Bureau and the Patent and Trademark Office. It is also home to unneeded programs that subsidize businesses and fund local development projects. In addition, the department administers misguided foreign trade policies aimed at boosting exports and restricting imports.
The department will spend $14 billion in 2019, or $110 for every U.S. household. Commerce employs 44,000 workers, administers more than 80 subsidy programs, and has more than 250 offices worldwide.
- Economic Development Administration. This agency provides subsidies to state and local governments for activities that are not proper federal responsibilities.
- International Trade Administration. While trade is important to the U.S. economy, the ITA’s activities can distort trade and lead to political favoritism and corruption.
- Business Subsidies. A number of the department’s programs subsidize business activities, which creates an unfair burden on taxpayers.
- Chris Edwards, Director, Tax Policy Studies
- Daniel Ikenson, Director, Trade Policy Studies
Adam Smith, Wealth of Nations, 1776