Tom Giovanetti

The “tax gap” is an exaggerated excuse to further empower the IRS and to erode the personal financial privacy of American taxpayers.

Testimony by IPI President Tom Giovanetti before the Select Committee on Constitutional Rights & Remedies, Texas House of Representatives.

President Biden’s tax proposals would disproportionately benefit wealthy taxpayers in high-tax blue states and disproportionately harm farmers and small land owners in low-tax red states.

It shouldn’t be possible for a tiny majority in Congress to pass sweeping changes and enormous spending increases, but it is, thanks to the absurd Senate budget reconciliation process.

Democrats have largely resisted dynamic scoring because they saw it as a Republican scheme to justify cutting taxes. But now, Democrats have had a sudden religious conversion and are insisting that dynamic scoring be used to evaluate their huge new spending plans.

Coalition letter flagging concerning developments in the infrastructure bill negotiations. Price controls and rate regulation; dramatic expansion of executive brand and agency authority; and government-controlled internet should never be on the table.

As our economy continues to recover from the pandemic, it is essential to act in a fiscally responsible manner. Doing otherwise could exacerbate inflation, disrupt the still tenuous job market, and place additional burdens on struggling families.

Bridging the digital divide has become an even higher policy priority. But what’s the most efficient use of taxpayer dollars to reach this relatively narrow slice of the American public?

The only federal budget deficit larger than the current one was . . . last year’s.

If Republicans allow Democrats to pass through budget reconciliation everything that was taken out of the bipartisan infrastructure deal, they will be complicit in the economic harms that will inevitably result.