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.
Republicans Leerier of Trump's Tariffs than Democrats
"Even if one agrees that U.S.-made steel must be protected, the problem is that imposing large tariffs gives a green light to every other company or industry hoping to use government power to protect it from competition," IPI resident scholar Merrill Matthews said. "They will now descend on Washington, checkbook in hand. That's the swamp, or what's known as 'crony capitalism.'"
Whose Crumbs?
Nancy Pelosi isn’t the only one who is out-of-touch and doesn’t understand economics.
IPI Joins Coalition Letter to President Trump Urging Reconsideration of Aluminum and Steel Tariffs
On behalf of the undersigned groups representing millions of taxpayers and consumers across the country, we urge you to reconsider the tariffs on aluminum and steel announced on March 1, 2018.
Tariffs Don't 'Drain the Swamp,' They Are the Swamp
Opening the door to tariffs means that every company and industry that can't or won't compete will head to Washington, checkbook in hand, hoping to use the power of government to protect them.
Tax Cuts Are Empowering the American Worker
Republicans’ Tax Cuts and Jobs Act stands as the most sweeping and comprehensive tax reform in the past 30 years. Tom Giovanetti, president of the Institute for Policy Innovation, a public policy research organization, writes, “President Trump has already done more to grow the U.S. economy than the last four presidents and 28 years combined.”
SOTU: Trump Hit A Grand Slam and Touched All Bases
By virtually any traditional measure -- as well as a few nontraditional measures -- President Donald Trump's first State of the Union (SOTU) address was a great success. Let us count the ways.
On Tax Reform, the Hits Just Keep on Coming
Now that the Trump administration’s historic tax reform is actual law, there is every reason to expect continued good economic news and higher rates of economic growth.
Tax Competition Explodes and the Left Hates It
Tax competition is good for economies, just like other forms of competition; and the new tax reform law has made U.S. corporate tax rates competitive again.
The Republican Tax Reform Is Achieving Democratic Goals
Why are Democrats so critical of the Republican tax reform? It is rapidly achieving many of the Democrats’ economic goals.
Trump's Tax Reform Miracle
President Trump has already done more to grow the U.S. economy than the last four presidents and 28 years combined.
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