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.
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.
Obama Should Give Americans the Same Deal He's Giving Iran
The president's Iranian agreement allows Iran to increase its crude oil exports to boost its economy, but so far he's refused to give the U.S. economy the same option.
Four Takeaways From the Stock Market Slide
Is this temporary or part of a trend that could last for months or years?
How Liberals Are Giving Your Job To Robots
Robots are getting cheaper, while low-skilled human workers are getting more expensive. Thank innovative engineers for the first development, and liberals for the second.
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.
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).
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