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.
Inflation Is the Most Miserable Tax of All
It was government policy that caused the inflation of the 1970s, and it’s government policy that is bringing inflation back today.
Coalition Letter On Expensing
Coalition letter on behalf of taxpayer, free-market, and consumer advocacy organizations, asking lawmakers to prioritize and pass a number of tax relief measures this year that will aid in America’s economic recovery from the COVID-19 pandemic.
Thank You, Mr. Brady
Kevin Brady can retire with the knowledge that he accomplished his number one policy goal: fundamental tax reform.
World's Richest Man Wants Higher Tax Rates His Company Will Likely Avoid
The world’s richest man who leads mega-powerful Amazon publicly supports Joe Biden’s plan to raise taxes on corporations but that support comes after the tax-avoiding company was called out by name by the president just days ago.
Janet Yellen Wants to Raise Corporate Tax Rates--on the World
Biden wants to raise the U.S. corporate tax rate AND establish a global corporate tax floor in order to discourage U.S. companies from fleeing to lower-tax countries.
Is Reviving Earmarks a Smearmark for Congress?
Democrats propose ending the Senate filibuster to push through their far-left agenda. Some of them want to bring back earmarks for the same reason.
Even in a Pandemic, Here Is a Tax That Texas Republicans Can Cut
It’s time for Texas legislators to cut the video franchise fee. It is paid by Texas video customers and makes their bills higher than necessary. For 16 years Texas consumers have been footing the bill for a political payoff.
Everything Is Seemingly Spinning Out of Control
In FY2020, federal revenues were $3.42 trillion, but federal spending was $6.5 trillion. In other words, the federal government spent almost TWICE what it took in. That’s not sustainable.
Right on Cue, Here Come the New Taxes
Blowout Democratic spending is the prerequisite for claiming the country MUST raise taxes on the rich.
Obama Tried to Tax the Rich, Biden Tries to Make Them Richer
While Democrats complain the pandemic has disproportionality hurt the poor, Biden's stimulus plan makes the rich just a little richer.
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