The Hoover Institution’s Fiscal Policy Initiative is dedicated to addressing the pressing fiscal challenges facing the United States. With the federal government's budget on an unsustainable trajectory, the country stands at a crossroads. Projected increases in spending and borrowing could threaten long-term economic growth, crowd out private investment, and jeopardize the nation’s ability to fund critical priorities such as defense, infrastructure, and essential services. The Initiative provides rigorous, policy-relevant research and actionable recommendations to help policymakers navigate today’s fiscal challenges. It focuses on three core objectives:

Research Initiatives: Hoover scholars conduct analyses on taxation, government spending, entitlement programs, and fiscal sustainability. This research helps assess the economic effects of current policies and provides insights into potential reforms.

Policy Development: The Initiative develops and promotes practical, pro-growth fiscal reforms that balance economic opportunity with long-term financial responsibility. This includes proposals on tax policy, Social Security and Medicare reform, debt management, and federal budget restructuring.

Public Engagement & Education: The Initiative seeks to inform policymakers, the media, and the public about the economic consequences of rising debt and unsustainable spending. Through white papers, policy briefs, op-eds, podcasts, and events, it aims to foster a well-informed debate on fiscal responsibility.

The Fiscal Policy Initiative leverages Hoover’s longstanding expertise in economic policy, drawing from scholars with deep experience in both academia and government. As fiscal deadlines loom—ranging from the expiration of tax cuts to the impending insolvency of key trust funds—the Initiative plays a crucial role in shaping policy discussions and advocating for responsible fiscal governance.

By advancing research-driven solutions, the Hoover Fiscal Policy Initiative seeks to ensure that policymakers and the public are equipped to confront America’s fiscal challenges and secure long-term prosperity.