This is the Cato Daily Podcast for Tuesday, January 2nd, 2018.

I'm Caleb Brown.

Most American taxpayers got a tax cut,

so where are the best avenues for spending reductions

and privatization that Congress should be undertaking

this year?

Chris Edwards, editor of Downsizing Government.org, discusses some of the prime

cuts in federal spending for 2018.

The Republican plan to cut taxes for the broad majority of American taxpayers and many corporations

didn't receive a single Democratic vote and in 2018 now, in thinking about spending cuts that ought to be undertaken, it almost

seems like a bridge too far.

So where are the areas where you believe there could be a bipartisan agreement on reducing or eliminating a lot of spending.

Well, spending cuts are certainly on the agenda in 2018.

Now the tax reform is off the agenda.

I think Republicans in Congress will focus on a number of spending reforms. I'll give you a few examples.

Farm subsidies. Congress will pass a big farm bill this year.

The last big bill was in 2014 and the current bill expires this year.

So there will be a big battle over farm subsidies.

President Trump and his budget last year proposed cuts to farm subsidies and I think that there's a good chance

that we could get some cuts this year. President Trump has also proposed

reforms and cuts to the Social Security disability insurance program.

This is a $150 billion program

...