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.
How Tax Uncertainty Harms Economic Growth: Agricultural Investment and Section 179
Frantic end-of-year passage of tax extenders does not encourage investment as intended. In 2014, investment in agricultural equipment was hampered by tax uncertainty over Section 179. Congress must recognize the need for certainty in tax policy by passing temporary measures earlier in the year, and by implementing overall tax reform that results in a simpler, more stable tax system.
Scammers are Swindling Taxpayers Out of $1,000 Per Household
President Obama believes redistributing money is the way to create jobs and spur economic growth, and thieves are helping him do just that.
Fact-checking Obama's Claim That Middle Class Wages Have Stagnated
Middle class wages have been rising, though not by much more than the rate of inflation—and that's a good thing.
Obama Doesn't Care About the Keystone Pipeline Facts, Just the Politics
The House and Senate have now passed bipartisan legislation approving the Keystone XL pipeline. Seems like the only one who doesn’t support it is President Obama. And yet opposition to the pipeline is inexplicable if you know the facts behind the issue.
If Obama Wants Reagan's Capital Gains Tax Rate, He Should Take Reagan's Income Tax Rates
The White House has sent conservatives what it apparently thinks is a very clever message: You say the economy boomed under President Ronald Reagan’s tax reforms. Well, Reagan’s top capital gains tax rate was 28 percent, so let’s go back to that.
IPI Joins Conservative Texas Budget Coalition
It's not enough for Texas conservatives to pat themselves on the back about outperforming California, or otherwise coast on our generally low tax and light regulatory environment. It’s time for the Texas Legislature to enact bold, forward-looking policies to further invigorate the Texas economy and ensure that Texas is a powerhouse of growth and opportunity into the next decade.
Markets Don't Fail, Government Policies Do
Lot's of liberals, the media and even some economists like to talk about "market failure" as a justification for their expansive government policies. But markets don't fail. What does fail are government policies that try to "fix" markets.
Trying to Understand the Declining Labor Force Participation Rate
It's tempting to blame President Obama and his economic policies for the unprecedented decline in the labor force participation rate. And while those policies may have exacerbated the trend, the decline has been occurring for years.
Obama Just Gave Companies Another Reason Not To Hire Low-Income Workers
In his State of the Union address, the president challenged Congress to pass legislation that “gives every worker in America the opportunity to earn seven days of paid sick leave.” And that’s on top of forcing employers to provide health insurance and pushing for a 40 percent increase in the minimum wage.
Obama's SOTU Proposals Could Put More Than 57% Of The Public On The Federal Dole
Adding in President Obama’s costly new entitlement programs outlined in his State of the Union address could put a back-of-the-envelope estimate of about 180 million Americans on the government dole.
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