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.
What Is the Point of Tax Reform?
To achieve real economic growth, tax reform must be a tax cut.
Hillary Clinton Channels China's Efforts to Control Investors
Hillary Clinton and the Chinese government both want to force investors to hold stocks longer. The Chinese are using coercion and the secret police; Hillary only wants to use the tax system—at least for now.
A Perfect Example of How Not to Run a Country
This a tale of a country so immersed in fiscal responsibility and anti-growth economic policies that it has threatened the global financial system—and I am not talking only about Greece.
"King" Obama Decides to Raise Corporate Taxes and No One Can Stop Him
If a king wants to impose a huge new business tax he can just do it. And that’s what King Obama did with his just-announced change to overtime pay for salaried employees.
IPI Commends Congress For Passing Trade Promotion Authority
IPI commends the U.S. Senate and House of Representatives for finding a way to pass Trade Promotion Authority (TPA), a necessary step toward the successful negotiation of trade agreements such as the Trans Pacific Partnership (TPP) and the Transatlantic Trade & Investment Partnership (TTIP).
More Spectrum Needed to Avoid Wireless Traffic Jams
If the FCC would reallocate more of its time and resources to releasing spectrum and less of it to micromanaging the broadband industry, that would be a win-win for the U.S. economy.
Rand Paul Proposes the Boldest Tax Reform Plan Yet
Paul's plan would “blow up” (his words) the incomprehensible U.S. tax code and start from scratch with a simple, low and fair tax.
Coalition Letter to Congress in Support of TPA
TPA is a necessary step to get Congress moving on a long-stalled trade agenda.
The Madness of Minimum Wage Mania
The minimum wage mania has gotten out of hand. Politicians are trying to outbid each other—only they’re doing it with employers’ money, not their own. And they are getting a lot of support from low-paid workers who may soon find themselves unemployed.
With Bernie Sanders Running, Can We All Agree That The Democratic Party Is the Socialist Party?
Democrats used to get annoyed when critics accused President Obama of being a socialist. Not so with Vermont senator and presidential candidate Bernie Sanders.
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