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.
But You Can Never Leave
In the example of California’s proposed exit tax, we are watching in real time the tendency of socialist policies to gradually move toward totalitarianism.
California's Attack on Gig Workers
California’s purpose in life seems to be to model bad policy for the benefit of the other 49 states. So we watch and learn from California’s mistakes.
The Taxing Ticket
In 2021 the economy will need pro-growth, not pro-government, policies to enable economic recovery. But the Biden/Harris ticket is promising the opposite.
Whatever Happened to Corporate Inversions?
If the Biden/Harris team wins the election and keeps its promises to raise corporate taxes, U.S. corporations could find themselves right back in the same old tax mess, and looking once again to escape
The Real Looting Has Shifted to Washington
The looting occurring in many major cities pales in comparison to the looting Democrats will inflict on taxpayers.
Don't Mourn for the Payroll Tax Cut
It’s good news that a payroll tax cut has been dropped from discussion about further Covid-19 economic relief. There are far better ways to provide relief and to attempt economic stimulus.
Relief, Stimulus, and the Right Kind of Stimulus
Any new legislation designed to mitigate the continuing impact of the Covid-19 pandemic should contain both relief and stimulus measures, and full business expensing is an excellent candidate for the stimulus part of the package.
How Trump Can Get His Mojo Back
In this op/ed written for The Hill, the author offers some key points that could impact the election.
Did the Trump Tax Cuts 'Work'?
As the November election draws nearer, a key issue will be “Did the Trump tax cuts work?” The answer is an unequivocal “yes.”
Did the Trump Tax Cuts 'Work'?
As the November election draws nearer, a key issue will be “Did the Trump tax cuts work?” The answer is an unequivocal “yes.”
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