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.
What Comes AFTER a Payroll Tax Cut?
Maybe it’s time for policymakers to start focusing on real structural reforms that result in long-term prosperity, instead of constantly relying on short-term fixes.
Here Come the Useless Economic Stimulus Proposals
The coronavirus-related economic fears are leading liberals to propose their only solution to any problem: handing out more tax dollars.
Make Business Expensing Permanent
How, exactly, do tax cuts stimulate economic growth? By encouraging businesses to invest.
Two Cheers for Trump's Budget and a Big Boo for Democrats' Response
A step-in-the-right-direction budget—if the reality matches the rhetoric, which it often doesn't.
What Kind of Disrupter Would President Sanders Be?
Being a disrupter could be either positive or negative, depending on whether and how a voter thinks the country needs disrupting.
The Carbon Credit Scheme: Greenhouse Gas Credits Don't Help the Environment--Or Consumers
To stay in business, car manufacturers have to please consumers—not the government. And consumers still want gas-powered cars.
Exodus from Blue States Continues--and Grows
The Blue-State Exodus Gains Momentum
It was only a matter of time before both businesses and individuals began voting with their feet. And that time has apparently come.
It's Time to Hit the Off Switch for Solar, Wind Power Tax Breaks
The stated reason for initially subsidizing wind and solar power was so they could reach economies of scale where they could be competitive with fossil fuels. Frequent news stories seem to imply “mission accomplished.”
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