Donate
  • Freedom
  • Innovation
  • Growth

Tax Reform

Tax Reform RSS Feed

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 16, 2019

Debunking Democrats' Claims About Fossil Fuel Tax Breaks

Democratic presidential frontrunner Joe Biden hopes to pay for his version of the Green New Deal by eliminating the subsidies and tax breaks given to the fossil fuel producing industry, and he’s not alone.

June 12, 2019

Stock Alert: Toyota Considers a Money-Losing Electric Vehicle Strategy

Toyota stock may struggle in the near future as the company decides to dramatically crank up its electric vehicle production.

June 5, 2019

Tariffs Are Taxes

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.

May 24, 2019

Fingers Crossed That the Travel Tax Bill That Died in the Legislature Remains Buried

Most House Republicans have committed in one way or another to not raise taxes, but this seems to be a session characterized by commitments broken and principles betrayed.

May 21, 2019

Finally, a Market-Oriented Way to Help Poor Communities

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. 

May 3, 2019

Texas Tax Swap: The Devil's In the Details

"We have no objection in principle to a revenue neutral tax swap that reduces property taxes by increasing consumption taxes, especially since consumption taxes are a less harmful form of taxation," said IPI president Tom Giovanetti. "A revenue neutral tax swap is not a tax increase. The devil is in the details, however."

April 9, 2019

What Happens When Electric Cars Run Out of Taxpayer Juice?

Electric vehicles aren't very popular now, and may be even less so if their taxpayer-provided subsidies are cut.

April 8, 2019

Coalition Letter to Congress in Support of the Taxpayer First Act of 2019

Passage would improve safeguards for taxpayers when dealing with the IRS, upgrade management and customer service at the tax agency, and create a pathway for modernizing administration of tax laws.

April 1, 2019

Coalition Letter In Opposition to A New Payroll Tax and Paid Leave Entitlement Program

In this letter to Congress, IPI joins with other free market organizations voicing opposition to a new payroll tax and new paid leave entitlement program. 

Total Records: 473