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Taxes directly affect Americans by compelling them to surrender part of their income to the government, and indirectly since the taxing power can positively or negatively affect economic growth.

In the U.S., our tax regimes are in serious need for reform, both at the state and federal level. Our tax code fails to sufficiently incentivize investment, the primary driver of economic growth. And it hobbles U.S. companies as they compete internationally.

IPI believes that the purpose of taxes is to raise the revenue necessary to fund the legitimate functions of government while imposing the least possible impact upon the functioning of the economy. We therefore believe that taxes should be simple, transparent, neutral, territorial and competitive.

Because of its tremendous potential to stimulate real long-term economic growth, tax reform should be a top priority of policymakers.

January 31, 2017

Pass Tax Reform, Then an Import Tariff Only if Needed

The Trump tax reform plan would encourage companies to be bring their production to the U.S., likely mitigating any perceived need for imposing an import tariff.

January 25, 2017

Big, Credible Tax Reform

Republicans should not trap themselves within the strait jacket of revenue neutrality--the goal is economic growth.

January 24, 2017

Trump Needs to Cut $10 Trillion in Federal Spending

President Trump is reportedly considering a plan that cuts up to $10 trillion in federal spending over 10 years; and if he gets his tax cuts passed, he'll need every penny to balance the budget.

January 12, 2017

Philadelphia's Entirely Predictable Soda Tax Backlash

Here’s hoping Philadelphia’s bad example is at least a helpful object lesson to other cities that may have been considering a similar tax measure.

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.

January 5, 2017

And the Realtors Fling Themselves Against the Tax Reform Wall

Increasing the standard deduction will be a welcome tax break and tax simplification for millions of Americans, and it is no threat to those who itemize and claim the mortgage interest deduction.

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.”

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.


Total Records: 430



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