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.
How Business Tax Reform Can Stimulate US Economic Growth
Lowering the corporate income tax is the best thing the federal government can do to stimulate economic growth.
New Poll: Public Agrees the 'System Is Rigged'
Donald Trump and Bernie Sanders claim the economic system is "rigged" in favor of corporations and the rich; turns out a lot of Americans agree.
Is Using Your Mobile Phone a Sin?
Governments at all levels have demonstrated a gluttonous appetite for revenue, and one of government’s favorite tactics is to attach high taxes to high demand products and services.
Ford Building Cars in Mexico
Only One Trump or Clinton Tax Reform Detail Matters
Hillary Clinton intends to raise taxes so the government can spend more, and Donald Trump intends to lower taxes so individuals and businesses can spend more.
So That's What Happened to My Raise
Yes, wage compensation appears to have been stagnant for decades, but that's not the whole story.
With the EU Tax Grab, Apple Is Only the Beginning
The US government has an obligation to defend its domestic companies against this tax grab by the EU, and to reform our international and corporate tax.
Blame for Ford's Mexico Move Falls On Obama Administration
"By moving their small cars to Mexico, which has skilled but cheaper labor, Ford hopes to break even or make a little profit off of them” said Merrill Matthews.
Blame Government for Ford's Decision to Move Small Car Production to Mexico
When companies are confronted with politicians who impose onerous mandates and penalties as well as the highest corporate tax rate in the developed world something's got to give.
Don't Cry for 'Free' Argentina--It's Finally Doing Something Right
Leftists and unions are protesting against Argentina President Macri because he is cutting government jobs and scaling back government utility subsidies—both of which the U.S. should be doing also.