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.
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.
The SECURE Act will prevent you from using your IRA to bless your children and grandchildren. It would be an ominous precedent.
The Democratic candidates all claim their new programs and tax increases would boost the economy. Ironically, their chief goal is to repeal Trump’s one accomplishment, tax reform, that actually has improved the economy.
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.
Toyota stock may struggle in the near future as the company decides to dramatically crank up its electric vehicle production.
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.
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.