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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.

June 28, 2018

Former Adviser Praises Trump for Tax Cuts and Deregulation but Calls His Tariffs 'Stupid'


IPI expert referenced: Tom Giovanetti

In his presentation, titled “Trumponomics: How and Why It’s Working,” Moore said that the heart of “Trumponomics” is growing the economy as rapidly as possible and that many of the major issues facing our country today — including poverty, the national debt, income inequality and education — will be easier to solve if the economy is growing faster.

June 22, 2018

Supreme Court Ruling on Sales Tax Weighs on Amazon.com, Inc.


IPI expert referenced: Tom Giovanetti

It’s unclear how the new ruling will effect smaller sellers, but Institute for Policy Innovation president Tom Giovanetti is in the camp of those that sees it as a big problem for them.

June 22, 2018

Supremes' Decision Branded Online Taxation Without Representation


IPI expert referenced: Tom Giovanetti

“In today’s Wayfair decision, the Supreme Court overturned 25 years of its own precedent and decided that states will be able to assess sales taxes on internet transactions, siding with the state of South Dakota against Wayfair and other online sellers," said IPI president Tom Giovanetti, who also sounded ready to throw some tea overboard.

June 22, 2018

Supreme Court's Online Sales Tax Ruling Gives States a Win


IPI expert referenced: Tom Giovanetti

“The decision leaves e-commerce and especially small sellers extremely vulnerable to states gluttonous for tax revenue particularly from consumers and businesses with no representation in their state,” said Tom Giovanetti, president of the Institute for Policy Innovation.

June 21, 2018

Amazon Shares Fall After Supreme Court Ruling on Sales Tax, As Brick-and-Mortar Retailers Gain


IPI expert referenced: Tom Giovanetti

“The decision leaves e-commerce and especially small sellers extremely vulnerable to states gluttonous for tax revenue particularly from consumers and businesses with no presence in their state,” IPI president Tom Giovanetti said in a statement.

June 21, 2018

SCOTUS Wayfair Decision Threatens e-Commerce, Economic Growth


In Thursday’s Wayfair decision, the Supreme Court overturned 25 years of its own precedent and decided that states will be able to assess sales taxes on internet transactions, siding with the state of South Dakota against Wayfair and other online sellers.

May 30, 2018

Give Wayfair (and Americans) A Fair Break on Taxes


If South Dakota wins, all of us may confront tax demands from states and localities we've never visited and have nothing to do with.

April 17, 2018

Supreme Court Hears Landmark Internet Sales Tax Case


Today the Supreme Court heard oral arguments in the landmark Internet sales tax case, South Dakota vs. Wayfair, which could allow states to force businesses in other states to collect internet sales taxes for them.

April 13, 2018

Supreme Court Could Allow the Wayfair Waylay


The U.S. Supreme Court will hear a case that could allow states to force businesses in other states to collect internet sales taxes for them, not because of declining state revenues, but because of increased state spending.

April 10, 2018

Even the Threat of a Trade War Could Tank the Economy


The U.S. economy has shifted from strength to uncertainty, and both because of President Trump's policies: Economic strength emerged from his regulation and tax cut efforts, and uncertainty from his tariff threats.

 

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