A growing economy creates jobs, raises living standards, maintains global competitiveness, and thus engenders positive attitudes and optimism about the future.
While many policymakers seem intent on focusing on either economic stimulus or austerity, IPI believes that the economy can grow consistently and at higher rates than we’ve experienced in the last decade, and we reject the idea that economic growth contains within itself the seeds of its own demise through inflation, the business cycle, and erroneous Phillips Curve assumptions. Therefore, economic growth should be elected officials’ primary policy goal at the federal, state and local levels, and it’s the organizing principle of our policy work at IPI.
Whatever limitations may exist on economic growth, they should not be self-imposed through counterproductive tax policy, overbearing regulations, ill-conceived monetary policy, trade protectionism, or hostility toward skilled and ambitious immigration.
All This for 1.8 Percent Growth?
So what the Biden administration is proposing is a gargantuan expansion of federal spending and borrowing, which will explode the deficit, further bloat the national debt, and run the risk of monetary inflation, all in order to achieve a rate of economic growth that is lower than that of the previous administration.
What 'I, Pencil' Could Teach Joe Biden About Supply Chains
Joe Biden needs to read "I, Pencil," a story highlights the importance of free markets, and especially the often ignored role of supply chains.
Inflation Is the Most Miserable Tax of All
It was government policy that caused the inflation of the 1970s, and it’s government policy that is bringing inflation back today.
States Should Just Say 'No' to Federal Unemployment Largess
States opting out of the $300-per-week unemployment benefits may see their workforce grow and unemployment decline faster than states that don't.
If Texas Leaders Are So 'Free Market,' Stop Protecting Auto Dealers From Internet Disruption
In Texas it is illegal to buy a car directly from the manufacturer. Instead, you are required to buy through the traditional dealership business model. That isn’t free market; that’s protectionism, not of a particular business, but of a single business model.
Testimony Before the Transportation Committee Regarding Permitting Direct Sales of Electric Vehicles in Texas
Just as it’s wrong to protect a specific business from competition, it’s wrong to protect a specific business MODEL from competition. We want competition between and innovation in business MODELS, not just in businesses.
Coalition Letter On Expensing
Coalition letter on behalf of taxpayer, free-market, and consumer advocacy organizations, asking lawmakers to prioritize and pass a number of tax relief measures this year that will aid in America’s economic recovery from the COVID-19 pandemic.
The Left Redefines Yet Another Term: Universal
The left is redefining numerous policy-related terms in the hope of gaining wider acceptance. And one of their latest efforts is "universal basic income."
World's Richest Man Wants Higher Tax Rates His Company Will Likely Avoid
The world’s richest man who leads mega-powerful Amazon publicly supports Joe Biden’s plan to raise taxes on corporations but that support comes after the tax-avoiding company was called out by name by the president just days ago.
Janet Yellen Wants to Raise Corporate Tax Rates--on the World
Biden wants to raise the U.S. corporate tax rate AND establish a global corporate tax floor in order to discourage U.S. companies from fleeing to lower-tax countries.
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