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.
Medicare Spending Can Be Cut, Just Not Obama's Way
Both Democrats and Republicans are trying to use the mantra of "they're cutting Medicare" as a way to hammer the opposing party and drum up senior support. But here's the dirty little secret: Medicare spending could be cut, a lot, without doing any harm to seniors' health.
We Know the Feds Like Low Interest Rates, but Forever?
The days of Federal Reserve Bank independence from the political sphere may be drawing to a close.
The US Navy: Defending Our Freedom And ... Building Our Refineries?
The Pentagon is pushing ahead with a $420 million effort to build three refineries to make competitively priced biofuels.
Now, with More Math!
With the selection of Paul Ryan as Mitt Romney’s companion on the Republican presidential ticket, it’s clear math will play a major role in the fall campaign. But who’s got the right math?
Ryan VP Pick Forces Obama into Medicare Reform Debate
Romney’s bold pick of House Budget Chairman Paul Ryan as Vice President makes it clear the 2012 election is about the country's financial future, and with Ryan on the ticket, President Obama will be dragged kicking and screaming into the Medicare reform debate.
No, Mr. President, ObamaCare Will Hurt Blacks and Hispanics
President Obama is taking a new message to the African American and Hispanic populations: ObamaCare means these communities “will finally know the security of affordable care.” If only it were true.
Why Do Liberals Hate Low-Income Workers?
It’s a pattern we’ve seen consistently for decades: Liberals pushing policies that increase unemployment, and ultimately impoverish, low-skilled workers. It’s enough to make one wonder why liberals hate them so much.
Pro-Growth Tax Reform That Works
To maintain and expand manufacturing and manufacturing jobs, and for the overall health of the U.S. economy, the Congress should reduce the corporate tax rate and make permanent either 50 percent or 100 percent first-year expensing of business capital equipment. That should be followed with tax reforms that better enable businesses to export goods and compete directly in foreign markets.
McDonnell appears on VP shortlist
IPI's Merrill Matthews tells Washington Times reporter Ralph Hallow how Louisiana Gov. Bobby Jindal appeals to voters wanting to repeal ObamaCare, as well as those voters from tea party and evangelical groups.
Companies 'Outsource' Because That's Where The Sales Are
The political war against “off-shoring” — which is what the critics usually mean when they use the term “outsourcing” — is raging this election year. But there is an important reason why many
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