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.
The Supreme Court's Wayfair decision gave states a new revenue stream—as well as an excuse to spend even more taxpayer money.
Allowing workers to keep their Social Security payroll tax would be a huge tax cut for everyone, while dramatically increasing average workers’ wealth over time.
Some Republicans now think imposing taxes to change consumer behavior and then rebating the money to minimize the impact is a good idea.
Every public official is supposed to understand the necessity of caring for taxpayer money.
Democrats are calling for huge new tax increases to pay for their new spending while taming the growth in government debt. The past proves we'll get the taxes and spending, but the debt will only increase.
A federal District Court has upheld the $10,000 cap on state and local taxes (SALT), and that’s a good thing.
We write in support of the draft Third Report and Order on the implementation of Section 621 of the Cable Act and urge its adoption at the Commission’s August open meeting.
The economy is doing well, just not as well as we thought—or hoped. If Trump plans to run for reelection on a record of strong economic growth, he needs to resolve some lingering issues.
We appreciate the FCC’s aggressive efforts to protect consumer interests and ensure that out-of-control local governments don’t erect counterproductive barriers to increased adoption of broadband services throughout the country.