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.
Coalition Letter Urging the Repeal of the Foreign Account Tax Compliance Act
Free-market and taxpayer protection organizations urge that repeal of the Foreign Account Tax Compliance Act (FATCA) be included in any tax reform package sent to the White House.
On Tax Reform, You Can't Expense What You Can't Afford
Congressional leaders need to remember that the goal of tax reform is increased growth through increased business investment.
Let's Be Honest About Border Adjusted Taxes
We don’t know whether border adjustment taxes will end up as part of the final tax reform package, but the arguments merit honest debate.
Taxpayers Are the Real 'Forgotten Man'
There are two ways of viewing the "Forgotten Man": William Graham Sumner identified the right definition in 1883. President Trump seems to taking a similar approach.
Five Cheers For Trump's CPAC Comments On Economic Policy And Tax Reform
President Donald Trump gets five cheers for his economic policy comments made during his speech at the 2017 Conservative Political Action Conference (CPAC).
Coalition Letter in Support of Making the Free File Tax Preparation Permanent
The Free File program has been a clear success in ensuring taxpayers are able to comply with the absurdly complex tax code and is a superior solution to having the IRS file taxes for Americans.
Explaining Conservatives' Decades-Long Support for Refundable Tax Credits
There is a reason why Republicans are coalescing around a refundable tax credit instead of direct subsidies for health insurance.
The Costs of Revenue Neutrality
Some argue that tax reform must be revenue neutral so that it doesn't cost the economy. But revenue neutral tax reform will have significant costs as well.
Tax Reform Should Address Privacy Risks
Successful tax reform will include efforts to protect the privacy of tax filers