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.
Another Look at the Kennedy Tax Cuts -- What Can We Learn from the Tax Policy of the 1960s?
This is a comprehensive examination of the Kennedy tax cut program, beginning with the changes in depreciation rules in 1962. The conclusion is that the Kennedy tax cuts clearly stimulated the incredible economic growth and job creation of the 1960s, despite the charges of recent critics. And economic growth only slowed when taxes began rising again toward the end of the decade.
An Analysis of the Dole-Kemp Tax Cuts
Candidates Bob Dole and Jack Kemp have proposed a dramatic tax cut plan that is designed to stimulate increased economic growth, remedy the decline in the value of the dependent deduction, and reduce the punitive treatment of capital gains. An analysis demonstrates that the plan is likely to achieve its goals, and only requires a spending cut of less than 2% to pay for itself.
A Primer on Refundable Tuition Tax Credits President's Proposal Scores an "E"--Expensive!
President Clinton has proposed a 2-year, $1,500 per year refundable tuition tax credit for the first two years of post-secondary education. But for every new student drawn to postsecondary education, the President's proposal would spend $51,500. Because already today, over 62 percent of all high school graduates go to college, and because tuition rates have risen in correspondence to the increase in federal student aid, the President's proposal is at least an inefficient expenditure of taxpayer funds.
Which Tax Reform Plan: Developing Consistent Tax Bases for Broad-based Reform
Support is growing among the American public for far-reaching tax reform, but which plan? The National Sales Tax? The Flat Tax? Or the USA Tax? This report computes the tax bases of each type of tax reform, and from there determines what tax rates are necessary to make each plan revenue-neutral under the traditional static analysis employed by government forecasters. The results may surprise you.
Reducing Tax Rates on the Savings of Average Americans
A 6-page analysis of the House Republican "Contract With America" proposals to expand the availability of IRAs, and to increase the unified estate tax credit.
Government Sponsored Enterprises:
The federal backing of GSE obligations may be implicit, but it is very real. Taxpayers have literally billions of dollars at stake if a GSE fails to meet its obligations.
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