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.
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?
A Better Solution to the Covid-19 Economic Crisis
This plan delivers the right amount of aid to the right people, and minimizes the eventual drain on taxpayer dollars.
Free-marketeer: Better Than a Stimulus Plan
Less Stimulus, More Overdraft Protection
This proposal would get substantial help directly to the people and businesses who need it, while minimizing the drain on the federal budget—unlike most of what’s being considered in Washington.
"Stimulus" Is the Wrong Paradigm
Recession and economic stimulus is the wrong paradigm for the current situation. That hasn’t stopped many of our conservative friends from turning to the tried-and-true solutions of tweaking tax incentives, which don’t directly address the problem.
What Comes AFTER a Payroll Tax Cut?
Maybe it’s time for policymakers to start focusing on real structural reforms that result in long-term prosperity, instead of constantly relying on short-term fixes.
Here Come the Useless Economic Stimulus Proposals
The coronavirus-related economic fears are leading liberals to propose their only solution to any problem: handing out more tax dollars.
Make Business Expensing Permanent
How, exactly, do tax cuts stimulate economic growth? By encouraging businesses to invest.
Two Cheers for Trump's Budget and a Big Boo for Democrats' Response
A step-in-the-right-direction budget—if the reality matches the rhetoric, which it often doesn't.
What Kind of Disrupter Would President Sanders Be?
Being a disrupter could be either positive or negative, depending on whether and how a voter thinks the country needs disrupting.