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.
The Costs of Revenue Neutrality
Some argue that tax reform must be revenue neutral so that it doesn't cost the economy. But revenue neutral tax reform will have significant costs as well.
Mend, Don't End, the H1B Visa Program
Of all the controversial elements of proposed immigration reform plans, the H1B visa impasse should be the easiest to fix.
Three Cheers for President Trump's 'Core Principles' of Financial Reform
President Trump's recent financial reform executive order identifies six principles that should guide legislation to replace the Dodd-Frank law.
Congress Should Abolish CFPB as Trump Rolls Back Financial Regulations
As President Donald Trump rolls back financial regulations and looks to make personnel changes at the Consumer Financial Protection Bureau (CFPB), Congress should begin work immediately to abolish the regulatory agency.
The Economy Can't Wait
Getting the economy growing again should be the Trump administration’s number one priority.
The Future Of American Manufacturing Is High Tech, Not High Tariffs
If Trump focuses on these reforms, rather than punitive tariffs, he'll stand a good chance of rejuvenating American manufacturing.
Big, Credible Tax Reform
Republicans should not trap themselves within the strait jacket of revenue neutrality--the goal is economic growth.
Trump Pipeline Action Boon to U.S. Job Creation
By advancing the Keystone XL and Dakota Access pipeline projects, President Donald Trump is not only moving to unshackle the energy industry and promote a more secure United States, but is giving the green light to create a wealth of middle class jobs.
The Obama Economy: Three Shocking Numbers From Obama's Economic Legacy
While Obama promised America “hope and change” from a progressive left-of-center dogma, it was more of the “same ol’, same ‘ol” from an economic standpoint.
The Fundamental Incoherence in Trump's Economic Policy
If the new Trump administration's tax reform efforts stimulate economic growth, it will ironically frustrate its ill-founded efforts to reduce trade deficits.
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