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.
Taking Back Renewable Energy's Taxpayer-Funded Honeypot
Governments shouldn’t be in the business of picking winners and losers. Companies need to compete without taxpayer subsidies, letting consumers determine which companies — and industries — thrive and which don’t survive.
On Corporate Taxes: Repatriate, But Don't Dictate
Congress should cut corporate taxes. But the economy as a whole would be better off if lawmakers let individual firms, not distant bureaucrats, decide how best to deploy repatriated profits.
Have Republican Tax Writers Lost the Plot on Tax Reform?
It’s not fair to judge a tax reform plan that hasn’t been released yet, but our overall excitement is tempered by a number of concerns.
With Sketchy Tax-Reform Details, Year-End Planning Could Be Challenging
If this proposal becomes law and more people go the standard-deduction route, it could simplify tax-return preparation for millions. A postcard-size tax return might have as few as 13 or 14 lines, according to the Institute for Policy Innovation, which supplied an illustration.
Is Tax Reform in Trouble?
Compromise on principles is wrong, but compromise on details is necessary, if any good is to be obtained.
Coalition Letter in Support of Tax Reform Legislation
Coalition letter in support of meaningful, transformational tax reform legislation that will strengthen economic growth and enable greater prosperity for American workers, families, and job creators.
Patriotism for Business Is Investing, Not Paying Taxes
The assumption that the highest good for a business is to pay taxes is wrong and harmful to the economy.
Here's What Simple Tax Reform Looks Like
If Republicans are successful in passing tax reform, your return could look like this.
At Last, Pro-Growth Tax Reform
Faster economic growth is on the table, if only Republicans can keep their eyes on the prize.
Trump Learned From His Health Care Fight and Offered A Winning Tax Plan
Trump is right that tax reform is essential to U.S. economic growth, job creation and global competitiveness. Now it’s time for Congress to do its job.