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.
Don't Mourn for the Payroll Tax Cut
It’s good news that a payroll tax cut has been dropped from discussion about further Covid-19 economic relief. There are far better ways to provide relief and to attempt economic stimulus.
Relief, Stimulus, and the Right Kind of Stimulus
Any new legislation designed to mitigate the continuing impact of the Covid-19 pandemic should contain both relief and stimulus measures, and full business expensing is an excellent candidate for the stimulus part of the package.
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.
Did the Trump Tax Cuts 'Work'?
As the November election draws nearer, a key issue will be “Did the Trump tax cuts work?” The answer is an unequivocal “yes.”
Did the Trump Tax Cuts 'Work'?
As the November election draws nearer, a key issue will be “Did the Trump tax cuts work?” The answer is an unequivocal “yes.”
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.
California Wants to Tax Vapers Back to Cigarette Smoking
The last thing policy makers should do is implement policies that encourage a return to cigarettes, and that’s exactly what Newsom’s new vape tax would do.
COVID-19 Is the Tax Increasers' Best Ally
Democrats see the multi-trillion-dollar coronavirus spending packages as creating their best chance in years to raise taxes.
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.
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