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.
No New Tax on Private Foundations in OBBBA
IPI joins a coalition opposing the creation of a new tax on private foundations included in the original House version of the "One Big Beautiful Act (OBBBA)."
How about a Modest, Somewhat Attractive Bill?
Because the problem, as always, is spending. Federal revenue grows at a remarkably steady pace. It’s reasonably predictable. But there is no political will to control spending, and that includes President Trump, who urged Republicans against further spending cuts.
Want a Recession? Kill this Business Deduction and Wait
Lawmakers in Congress — especially Republicans who support free enterprise and pro-growth tax reform that spurs economic growth — should focus on restoring and making permanent the 2017 Tax Cuts and Jobs Act’s tax cuts without jeopardizing the benefits that the C-SALT deduction provides for American businesses of all sizes.
.jpg)
Don't Eliminate Business SALT Deduction in OBBB
IPI joins a huge coalition of policy groups and business groups in opposition to weakening the ability of businesses to deduct their state and local taxes (SALT) as proposed in the OBBB.
You Pay ALL the Taxes
If, in an ideal world, we had a zero tax rate on business income, as a consumer you would pay less, as an employee you would make more, and as an investor you would get higher returns. Sounds great, doesn’t it?
Congress Should Reclaim Its Constitutional Authority Over Tariffs
Whether you support or oppose tariffs, all constitutionalists should agree: the power to tax resides with Congress. Reclaiming tariff authority is vital to preserving the Constitution’s design and the role of Congress in self-government.
Tariff Magic
Those wanting to impose across-the-board tariffs on American imports seem to think that tariffs are magic, but in fact they are guilty of magical thinking.
.jpg)
A Reminder About Tax Neutrality
Politicians should not use the tax code to buy votes or to reward favored constituencies.
Voters Have to Elect Kamala to Find Out What She'll Do
She promised she would provide more detail in the coming months. Perhaps Democrats would prefer she stick with her detail-free campaign.
Are You Ready for 'Kamalanomics?'
There are many as-yet unannounced policy positions, and you can be sure they all will give the government much more control over our choices and our lives. But Harris will likely stick to unoffensive platitudes as long as voters, and especially the media, don’t demand specifics.
Total Records: 646
