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.
If renewable energy firms hope to gain equal footing with oil and natural gas producers, they'll need to learn how to survive economic downturns without the government coming to the rescue.
Having already entrusted the Fed with hundreds of billions of taxpayer dollars to buy up corporate debt, Congress must insist that the debt purchases be made for exclusively economic reasons.
The BEAT CHINA Act is a “two-fer”—a major move toward a more pro-growth tax code and a carrot rather than a stick approach toward bringing critical manufacturing home.
Could the Covid-19 virus be the crisis that forces the federal government to begin setting its house in order?
If implemented, a Buy American mandate would disrupt existing supply chains, invite retaliatory actions from trading partners, and threaten timely access to medicines. In this current health crisis, such a mandate could even threaten our ability to adequately respond to the pandemic.
Bipartisan groups lay out principles for transparency and oversight of coronavirus stimulus spending.
This plan delivers the right amount of aid to the right people, and minimizes the eventual drain on taxpayer dollars.