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.
Plans for a privately financed, high-speed rail line between Houston and Dallas are being challenged by members of the Texas State Legislature, landowners along the proposed route, and some transportation researchers.
Toyota stock may struggle in the near future as the company decides to dramatically crank up its electric vehicle production.
President Trump is threatening to raise taxes on Americans. Again. That’s because tariffs are taxes, and they are paid by Americans, not by foreigners.
President Trump is making changes in how the EPA deals with climate change because the climate change models are not very reliable—just like some environmental reporters.
Finally, Congress passed legislation, led by Sen. Tim Scott, that might just help increase investment in low-income communities, and the regulations were recently released.
Democrats' Medicare for All legislation could put a million private sector employees out of a job, which has been a decades-old goal.
The race is on. The option for the U.S. is to either win or fall behind, ceding the future to our global competitors.
Some conservative Texas lawmakers this legislative session are presenting us with not one but two examples of confusing business protection with free-market support. This is unfortunate, but it may provide an object lesson in the difference between being pro-market and pro-business.