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.
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.
The Flat Tax Is a Consumption Tax
Now that we’re finally beginning to talk about tax reform to stimulate economic growth, the “flat tax vs. sales tax” debate has resurfaced.
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.
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.
Let's require a supermajority to pass tax hikes in the Texas Legislature
A proposed constitutional amendment might take longer to approve, but it will show whether Texas lawmakers are truly dedicated to protecting the Lone Star State’s economy from the ploys that have plagued Washington.
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?
Comments to Tennessee Legislature Regarding Cable Tax
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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