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.
Muddled Morality and a Whopper of a Tale
An anti-inversion law that ignores broader tax reform might be legal but certainly is not the right thing to do.
What To Do About The IRS: End It Or Mend It?
What can be done about a federal agency that has become despised, politicized and marginalized?
Sales Tax Plan the Death of Many Online Shops?
Bartlett Cleland calls it "The horribly Ill-Named Marketplace Fairness Act."
So Much for the European Model
Americans in almost every income class are better off than their European counterparts.
The Corporate Tax Mess Is Worse than You Thought
Focusing on our too-high corporate tax rate doesn’t tell the whole story—our corporate tax code also imposes enormous compliance costs on the U.S. economy.
More Taxes? Gulp! Or Maybe Big Gulp.
This November the residents of Berkeley, California, will vote on a first-of-its-kind tax on distributors of sugar-sweetened beverages. Instead of offering saccharine speeches and sweet promises these pro-tax, government-control activists should be honest with their constituents.
Public Policy Group Analyzes U.S. Corporate Inversions
Tax flight is a symptom of a larger problem: Tax rates that are out-of-line with other equally adequate locations.
Inverting the Inversion Discussion
It’s time to invert the discussion about inversions: It’s about a bad tax code, not bad companies.
The Senate's Plan to Increase Your Taxes
Why would senators want to levy a large tax increase on their own citizens when times are already tough for too many? Good question.
The Undead Death Tax
Burying the undead death tax would be one of the 113th Congress’s best legacies.