For the first time in decades, budget cutters are taking a meaningful look at federal government programs and trying to identify wasteful and inefficient spending to eliminate. In National Review, CEA President John C. Mozena suggests cutting the hundreds of federal programs that subsidize state governments’ ongoing race to the bottom of subsidized economic development deals:
The evidence is clear that state and local governments will spend every single dollar the federal government is willing to give them to fund economic development deals that do more economic harm than good. If President Trump, Elon Musk, and other federal budget hawks are looking for places to cut wasteful federal spending, getting the federal government out of the zero-sum game of state economic development programs is a great place to start.
