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 Carbon Credit Scheme: Greenhouse Gas Credits Don't Help the Environment--Or Consumers
To stay in business, car manufacturers have to please consumers—not the government. And consumers still want gas-powered cars.
Exodus from Blue States Continues--and Grows
The Blue-State Exodus Gains Momentum
It was only a matter of time before both businesses and individuals began voting with their feet. And that time has apparently come.
It's Time to Hit the Off Switch for Solar, Wind Power Tax Breaks
The stated reason for initially subsidizing wind and solar power was so they could reach economies of scale where they could be competitive with fossil fuels. Frequent news stories seem to imply “mission accomplished.”
States' Internet Tax Grab Going Well--for Them
The Supreme Court's Wayfair decision gave states a new revenue stream—as well as an excuse to spend even more taxpayer money.
States' Internet Tax Grab Going Well--for Them
The Supreme Court's Wayfair decision gave states a new revenue stream—as well as an excuse to spend even more taxpayer money.
An Easy Way to Reduce Wealth Inequality--But Democrats Won't Like It
Allowing workers to keep their Social Security payroll tax would be a huge tax cut for everyone, while dramatically increasing average workers’ wealth over time.
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.