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.
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.
Is Reviving Earmarks a Smearmark for Congress?
Democrats propose ending the Senate filibuster to push through their far-left agenda. Some of them want to bring back earmarks for the same reason.
Biden's $1.9T Blowout Could Undermine Job Growth--and the Economy
President Biden's $1.9 trillion relief bill seeks to help people who've lost their jobs. But it's so generous it may encourage some to stay unemployed, undermining economic growth.
Everything Is Seemingly Spinning Out of Control
In FY2020, federal revenues were $3.42 trillion, but federal spending was $6.5 trillion. In other words, the federal government spent almost TWICE what it took in. That’s not sustainable.
Right on Cue, Here Come the New Taxes
Blowout Democratic spending is the prerequisite for claiming the country MUST raise taxes on the rich.
Government Spending Is Becoming One Big Fraud-Fest
Elected officials used to care about "fraud, waste and abuse." But Democrats increasingly think handing out taxpayer dollars is more important than who gets them.
So Much for Joe Biden, Moderate
President Biden wasted no time releasing a flurry of executive orders and legislative proposals. Some of them may be helpful in addressing the economic challenges imposed by the coronavirus pandemic. But others would almost certainly “cancel” his effort to create jobs, grow the economy and promote equity.
How Much Is a $15 Minimum Wage Worth? It Depends on Where You Live
The biggest problem with a federal minimum wage is that the cost of living varies widely from state-to-state, and between cities and rural areas.
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