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A growing economy creates jobs, raises living standards, maintains global competitiveness, and thus engenders positive attitudes and optimism about the future.

While many policymakers seem intent on focusing on either economic stimulus or austerity, IPI believes that the economy can grow consistently and at higher rates than we’ve experienced in the last decade, and we reject the idea that economic growth contains within itself the seeds of its own demise through inflation, the business cycle, and erroneous Phillips Curve assumptions. Therefore, economic growth should be elected officials’ primary policy goal at the federal, state and local levels, and it’s the organizing principle of our policy work at IPI.

Whatever limitations may exist on economic growth, they should not be self-imposed through counterproductive tax policy, overbearing regulations, ill-conceived monetary policy, trade protectionism, or hostility toward skilled and ambitious immigration.

January 24, 2017

Trump Pipeline Action Boon to U.S. Job Creation


By advancing the Keystone XL and Dakota Access pipeline projects, President Donald Trump is not only moving to unshackle the energy industry and promote a more secure United States, but is giving the green light to create a wealth of middle class jobs.

January 23, 2017

The Obama Economy: Three Shocking Numbers From Obama's Economic Legacy


IPI expert referenced: Tom Giovanetti

While Obama promised America “hope and change” from a progressive left-of-center dogma, it was more of the “same ol’, same ‘ol” from an economic standpoint.

January 19, 2017

The Fundamental Incoherence in Trump's Economic Policy


If the new Trump administration's tax reform efforts stimulate economic growth, it will ironically frustrate its ill-founded efforts to reduce trade deficits.

January 10, 2017

Republicans' Biggest Challenge: Remaining Small-Government Conservatives


Republicans campaigned on cutting the size of government, but they will face a lot of pressure to abandon those promises and spend like Democrats.

January 9, 2017

Next Big Conservative Challenge: Turning Big Cities Red


If large cities are to return to financial stability and economic growth, they must be run by people who believe in free markets, limited government and a light regulatory burden.

December 27, 2016

Tax Rate Reduction May Be Tied to GDP Growth: UHY


IPI expert referenced: Tom Giovanetti

Giovanetti cautioned that putting more money in people’s pockets so they can spend it is not the purpose of tax reform. “No, cash isn’t enough,” he said. “It has to be invested productively in order to grow the economy. When businesses expand, they hire new workers and create new wealth. And that’s what we want.”

December 18, 2016

Trump Opens The Door To U.S. Energy Independence


President-elect Trump's energy agenda would be a shot in the economic arm. All he has to do is get the government out of the way.

December 9, 2016

Will Jobs 'Make America Great Again?'

According to IPI, even though the unemployment rate has gone from 7.8 percent to just under 0.05 percent, the labor participation rate also dropped — from 65.7 to 62.8 percent, a level not seen since March 1978. Meanwhile, the gross domestic product growth has nearly stalled.

November 22, 2016

It's Not Just Tax Cuts, We Need Spending Cuts


Tax cuts are important but so are spending cuts, and it will take a lot of them if we aren't going to grow the federal debt.

November 16, 2016

How Business Tax Reform Can Stimulate US Economic Growth


Lowering the corporate income tax is the best thing the federal government can do to stimulate economic growth.

 

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