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.
These Democrats Who Voted For Obamacare Are Now Desperate To Change It
Some Democrats didn’t really oppose the Cadillac tax when Obamacare passed only oppose it now because of political expediency.
Sugar Policy
When the maker of Oreo cookies announced it was moving one assembly line from Illinois to Mexico, it said the decision was the result of labor unions, not the price of sugar.
The Clouded Judgment of Tax Authorities
Revenue agencies will often seek to extend taxes well beyond what was contemplated when legislation was enacted, in the name of securing ever more money for government, even to the detriment of innovation.
A New Tax-Free Account for the Disabled, but Why Stop There?
ABLE-type accounts send the right message--that individuals can and should be responsible for their own needs.
The Clouded Judgment of Tax Authorities
Revenue agencies will often seek to extend taxes well beyond what was contemplated when legislation was enacted, in the name of securing ever more money for government, even to the detriment of innovation.
If You Were Oreo, You'd Leave Chicago, Too
Chicago, Illinois, and the U.S. shouldn’t expect companies to invest at home when their policies send the opposite message.
U.S. IT Competitiveness Prediction: Cloud-y With Government Interference
Congressional inaction, municipal tax action, and administration bad action make progress difficult for the U.S. cloud computing industry.
You Are Paying for a Tesla, Even if You Don't Own One
You may not own a Tesla, but your taxes are helping pay for one. Now it appears the company is going further, shifting from just benefiting from the government to using the power of government to make it harder for its competitors to compete.
What Is the Point of Tax Reform?
To achieve real economic growth, tax reform must be a tax cut.
The Federal Government Wants Even More of Your Personal Information
Given government's inability to protect sensitive personal information, public policy should move toward putting less, rather than more, taxpayer information in the hands of government.