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.
Democrats' Plan to Tax the Poor
If you are a cigarette smoker, you are likely a low-income, poorly educated member of a minority community—and the Democrats want to raise your taxes.
The $3.5 Trillion Tax and Spending Proposal Will Hurt the Economy and Our Politics
You shouldn’t be able to ram through massive policy changes without a solid mandate from the voters, which Democrats definitely do not have.
Federal Funds Always Come with Strings Attached--Eventually
If you don't want the federal government telling you what to do, cut federal taxes so the feds don't have the funds to bribe you.
The Very Convenient and Entirely Coincidental Tax Gap Report
The “tax gap” is an exaggerated excuse to further empower the IRS and to erode the personal financial privacy of American taxpayers.
Biden's Domestic Policy Failures Are Mounting, Too
It’s not just the withdrawal from Afghanistan. Many of President Biden’s domestic policy efforts have become a mismanaged mess.
Biden Tax Proposals Reward Blue States, Punish Red States
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.
Irreconcilable Differences with Budget Reconciliation
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.
Who Wants an Electric Car? Not Consumers
Biden's new electric vehicle directive means that the government, not consumers, will become the automakers' primary customer.
Ah. So Taxes DO Affect Decision-Making?
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.
The Most Dangerous Experiment in World History
The only federal budget deficit larger than the current one was . . . last year’s.