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.
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.
Did Ending Long-Term Unemployment Benefits Grow the Workforce?
The Obama administration wants to continue extending unemployment benefits; Republicans stopped them and—surprise!—now more Americans are reentering the workforce.
Inverting the Inversion Discussion
It’s time to invert the discussion about inversions: It’s about a bad tax code, not bad companies.
As the Americans with Disabilities Act Turns 25, Government Policies Help and Hurt
The ADA has helped improve the disableds’ access, even as recent economic policies have hurt their financial status.
Note to CBO: Federal Debt Already Exceeds 100% of the U.S. Economy
By excluding intergovernmental loans from its standard debt statements, the CBO is ignoring more than a quarter of total federal debt, allowing lawmakers to hide behind a debt burden that is much worse than it seems.
The Minimum Wage Debate Isn't About Helping the Poor
Most economists believe that minimum wage increases actually cost jobs—either directly or in fewer jobs becoming available—among the very people the increase is supposed to help.
Obama's Wrong; The Economy Is Improving Because Of Congressional Deadlock
The economy is improving precisely because Obama and Congress are deadlocked.
We've Crossed The Tipping Point; Most Americans Now Receive Government Benefits
Obamacare has pushed us over the entitlements tipping point.
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With Ex-Im, Congress Should be Pro-Market, not Pro-Business
Free market means opposing crony capitalism rather than defending it.
The Growing Income Inequality That Apparently Doesn't Exist
President Obama claims that income inequality has been growing dramatically. But government statistics show that there has been very little increase, indicating the issue may be more political than real.
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