Tax and Budget Policy
Cato scholars examine federal, state, and local spending and tax issues from a limited government perspective. They explore the benefits of lower-rate tax systems, the distortions caused by government spending, and the dangers of rising debt. A guiding principle for budget policy is federalism, the idea that federal activities should be limited and that most government activities are better handled by the states.
Featured Content
Food Stamp Shutdown Reveals the Fragility of Federal Welfare
SNAP’s centralization in Washington leaves millions vulnerable when Congress stalls.
How Should Libertarians Think About Property Taxes?
Property taxes can be compatible with limited government but only if they operate alongside firm spending constraints, not as an easy engine for state expansion.
Reimagining Social Security: Global Lessons for Retirement Policy Changes
Join us on October 30 for the official launch of Reimagining Social Security: Global Lessons for Retirement Policy Changes by Romina Boccia and Ivane Nachkebia.
How Congress Can Reclaim Control over Emergency Spending
The purpose of reforming the emergency spending process is not to eliminate emergency spending wholesale but to return it to its original purpose. Restoring congressional budgeting and oversight today is the most effective way to ensure a fiscally responsible response to the next major emergency.
Dems’ Shutdown Demand Won’t Lower Healthcare Costs
Democrats think the best way to lower healthcare costs is to direct more funding to insurance companies. This idea could not be more wrong.
Visual Feature
Social Security’s Financial Crisis: The Trust Fund Myth Uncovered
Most people misunderstand the Social Security trust fund. They believe it holds real financial assets that ensure future benefits—the equivalent of a piggy bank stuffed with dollar bills. But there’s a big problem: the piggy bank is empty.
Learn more in our latest interactive visual feature.
Meet Our Experts
Chris Edwards
Scott Lincicome
Vice President, General Economics and Stiefel Trade Policy Center