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.
A Do-Over on the Omnibus Spending Disaster?
Aggressive use of the Impoundment Control Act could restore some sanity to federal spending and create consensus toward revision of the filibuster rule.
Democrats Propose a Tax Hike
If Democratic leadership thinks the way to respond to the Republican tax cut is to argue for tax increases, they may be throwing Republicans just the lifeline they need for the midterm elections.
Kudlow Excellent Choice as Trump's Chief Economic Advisor
President Trump has made a wise selection by appointing CNBC contributor, TV and radio host Larry Kudlow, whose creed is “free market capitalism is the best path to prosperity,” to be his chief economic advisor as head of the National Economic Council.
Whose Crumbs?
Nancy Pelosi isn’t the only one who is out-of-touch and doesn’t understand economics.
Coalition Letter to Congress Regarding the Remote Transactions Parity Act
Coalition letter expressing opposition to H.R. 2193, the so-called “Remote Transactions Parity Act” (RTPA), which would grant states new power to tax and regulate internet sales made by businesses outside their borders.
Voters Must Ensure Government Answers This Emergency Call
When government charges a dedicated fee (or tax), the money should go for that purpose—especially when people's lives may depend on it—and not be siphoned off for unrelated purposes.
Tax Cuts Are Empowering the American Worker
Republicans’ Tax Cuts and Jobs Act stands as the most sweeping and comprehensive tax reform in the past 30 years. Tom Giovanetti, president of the Institute for Policy Innovation, a public policy research organization, writes, “President Trump has already done more to grow the U.S. economy than the last four presidents and 28 years combined.”
On Tax Reform, the Hits Just Keep on Coming
Now that the Trump administration’s historic tax reform is actual law, there is every reason to expect continued good economic news and higher rates of economic growth.
Tax Competition Explodes and the Left Hates It
Tax competition is good for economies, just like other forms of competition; and the new tax reform law has made U.S. corporate tax rates competitive again.
The Republican Tax Reform Is Achieving Democratic Goals
Why are Democrats so critical of the Republican tax reform? It is rapidly achieving many of the Democrats’ economic goals.
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