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.
We Can't Afford this Tax System
We can simply no longer afford an uncompetitive corporate tax rate that is wildly out of whack with our international competitors.
Tax Competition and the Film Tax Credit
Tax policy is one way in which the states compete. Ideally, states would compete on the basis of overall low tax rates; however, in practice that has never been the case. Tax credits, which essentially mitigate the harm of high tax rates, are thus the most common tools states use to compete with each other in tax policy.
It's Time for the Public to Scrutinize the IRS Rather Than the Other Way Around
President Obama’s Organizing for Action is an overtly political group with lots of money and the same tax status sought by conservative groups that raised so much concern at the IRS.
Time to Stop the Wireless Tax Grab
The Wireless Tax Fairness Act, newly reintroduced this week, would put a five-year moratorium on any new state and local discriminatory wireless taxes.
Time to Stop the Wireless Tax Grab
The Wireless Tax Fairness Act, newly reintroduced this week, would put a five-year moratorium on any new state and local discriminatory wireless taxes.
In Corporate Taxation, You Reap What You Sow
Instead of engaging in easy demagoguery, Congress should modernize our tax code to reflect the reality of global competition, capital mobility, and the fact that U.S. companies today do the majority of their business overseas.
The Misplaced Outrage over 501(c)(4)s
Outrage at groups seeking a tax-exempt 501(c)(4) status is misplaced; it’s free speech, not the tax code, that’s under attack.
Should Conservatives Vote to Give Tax Collectors MORE Power?
The Marketplace Fairness Act grants huge new taxing powers to state government, so why would any conservative support it?
Never Let a Good 'Scandal' Go to Waste as Conservatives Push Their Agenda
With at least three Obama administration scandals swirling in Washington, and perhaps more on the way, a number of opportunities “to do the things … you didn’t think were possible” have emerged—like moving a conservative agenda.
Trust the IRS With Your Personal Information?
With a large, powerful, intrusive government, your freedom is only as secure as the virtue of whatever mid-level functionary whose path you are so unfortunate as to cross.