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.
How Trump Can Get His Mojo Back
In this op/ed written for The Hill, the author offers some key points that could impact the election.
Bring American Medical Manufacturing Back Home
Important legislation has been proposed that would encourage medical and pharmaceutical manufacturing to relocate to the U.S. by providing potent tax incentives instead of threats of government force.
Look Who's Politicizing Economic Revival
The job of economic recovery is critical, and the American people are counting on Congress and the Fed to get it done without a political agenda.
Don't Use Pandemic Dollars to Push Political Agenda
Having already entrusted the Fed with hundreds of billions of taxpayer dollars to buy up corporate debt, Congress must insist that the debt purchases be made for exclusively economic reasons.
Government Intervention Would Hurt Energy Producers
If renewable energy firms hope to gain equal footing with oil and natural gas producers, they'll need to learn how to survive economic downturns without the government coming to the rescue.
Social Justice Requirements Could Politicize Investments in CARES Act
Having already entrusted the Fed with hundreds of billions of taxpayer dollars to buy up corporate debt, Congress must insist that the debt purchases be made for exclusively economic reasons.
Luring Medical Manufacturing Home with the BEAT CHINA Act
The BEAT CHINA Act is a “two-fer”—a major move toward a more pro-growth tax code and a carrot rather than a stick approach toward bringing critical manufacturing home.
The Least Eventful Tax Day in History
Could the Covid-19 virus be the crisis that forces the federal government to begin setting its house in order?
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