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 Next Tax Grab: Robbing Peter to Pay...Peter
Some Republicans now think imposing taxes to change consumer behavior and then rebating the money to minimize the impact is a good idea.
Texas Cities' and Counties' Taxpayer-Funded Happy Hour Is Over - Almost
Every public official is supposed to understand the necessity of caring for taxpayer money.
I'll See Your Democratic Tax Increase and...Triple It!
Democrats are calling for huge new tax increases to pay for their new spending while taming the growth in government debt. The past proves we'll get the taxes and spending, but the debt will only increase.
Court Upholds Limits on SALT Tax Deductions in Trump Tax Reform
A federal District Court has upheld the $10,000 cap on state and local taxes (SALT), and that’s a good thing.
Don't Cut the Payroll Tax, Unless...
A temporary cut in payroll taxes creates a unique opportunity to implement one of our favorite pro-growth policy ideas—personal retirement accounts.
IPI Joins Coalition Letter in Support of FCC Actions on 621 of the Cable Act
We write in support of the draft Third Report and Order on the implementation of Section 621 of the Cable Act and urge its adoption at the Commission’s August open meeting.
Back to the Slow-Growth Economy
The economy is doing well, just not as well as we thought—or hoped. If Trump plans to run for reelection on a record of strong economic growth, he needs to resolve some lingering issues.
IPI Applauds FCC Effort to Curb Municipal Abuse of Cable Franchise Authority
We appreciate the FCC’s aggressive efforts to protect consumer interests and ensure that out-of-control local governments don’t erect counterproductive barriers to increased adoption of broadband services throughout the country.
They Want Your Retirement Savings
The SECURE Act will prevent you from using your IRA to bless your children and grandchildren. It would be an ominous precedent.
Could the 2020 Election Hinge on...Taxes?
The Democratic candidates all claim their new programs and tax increases would boost the economy. Ironically, their chief goal is to repeal Trump’s one accomplishment, tax reform, that actually has improved the economy.
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