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.
Santorum Manufactures an Unfair Tax
Using tax code to accomplish social goals is unfair whether you come from the Left or Right.
Does the Fed Want Another Housing Crisis?
Here we go again. The Federal Reserve Bank has released a report to top lawmakers on the congressional banking committees encouraging Congress to get more involved in housing policy.
Protecting Property Rights on the Web: Thoughts on the Protect IP Act
Because intellectual property protection is critical to the U.S. economy and serves the interests of a secure and content rich Internet ecosystem, it is reasonable and within the realm of sound policy to discretely target rogue websites through a Protect IP Act that preserves due process and other legal protections while not creating undue compliance burdens and legal liability for third parties.
A Municipal Communications Network in Longmont--Still a Bad Idea
The City of Longmont, Colorado is considering providing not only Wi-Fi but also a whole package of telecommunications services, from voice to broadband to video, which would put the municipality in direct competition with multiple private companies. But market-oriented solutions are more efficient and less risky. Adopting the failed model of municipal networks is a mistake, as many municipalities across the country can attest.
Coalition Letter Regarding Aviation Industry Taxes
Americans for Tax Reform, joined by a strong coalition of groups representing millions of concerned citizens and taxpayers, urged Members of Congress to reject any effort to increase fees on the aviation industry.
Mobile Health: Innovations in Care and the Spectrum Challenge
On July 26, 2011 over 70 industry experts, policy analysts, Hill staff and members of the media joined IPI on Capitol Hill to examine the explosion of new and innovative ways wireless connectivity is changing the face of health care and the spectrum challenges that could kill real health care reform in its tracks.
Two Problems, Not One
The debate over the debt ceiling extension dominates the news cycle and political discussions.
Lower Business Taxes: The San Francisco Tweet?
Recently, social network giant Twitter announced plans to move its San Francisco headquarters into roomier facilities, likely in preparation for going public, which could dramatically multiply the staff size. Just one problem: The city of San Francisco not only imposes a 1.5% payroll tax on companies, but also levies a local tax for exercising stock options.
Rein In Washington, Not the Rich, For a Better Economy
So if the goal is to lower unemployment, create jobs, increase investment and boost federal revenue, how should it be done?
A Stimulus That Works: Tax Repatriation
If any of the estimated $1.5 trillion in retained overseas earnings of American companies are returned home, they are taxed at the federal corporate tax rate of 35%, one of the highest in the world, besides taxes paid to the host countries. Repeating the highly successful 2005 tax repatriation allowing these funds to come home subject to a 5.25% rate would bring hundreds of billions in new capital into the America economy.
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