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.
Shocker: Liberals Discover That Taxes Affect Human Behavior
Liberal nannies raised taxes on sugary drinks to reduce consumption, so why don't they realize that raising taxes on earnings, savings and investment will have a similar impact.
No Surprise in Return of Ballooning Federal Deficits
The sequester spending restraints, pared with reasonable economic growth, could have balanced the budget on autopilot.
Three Cheers for Donald Trump's Tax Plan
It would streamline the tax process and bring American businesses home.
No Regulation Without Representation
Rep. Sensenbrenner has introduced a bill that would address a long-standing issue about who should pay Internet sales taxes.under the Supreme Court's Quill decision.
Internet Sales Taxes and the Republican Platform
The Republican Party's platform has taken a strong stand against state efforts to tax internet sales across state lines, an important step given the lack of policy clarity coming from the party's presidential candidate.
Republican Platform Opposes Expansion of State Tax Power Over the Internet
The Republican Party's platform has taken a strong stand against state efforts to tax internet sales across state lines, an important step given the lack of policy clarity coming from the party's presidential candidate.
The Right Way to Increase Social Security Benefits
There is a way to increase the Social Security benefits of perhaps half of those age 65 and older, and it involves cutting taxes, not raising them.
GOP Platform Keeps to Well-Trodden Policy Grounds, Observers Say
"No one has any idea what the Trump campaign's positions are on communications policy," Giovanetti told us. "There's no evidence at this point that there is anything approaching a policy process on the Trump campaign -- which is part of why I thought the platform was more important in this peculiar year."
Hill Telecom Leaders Tout Trump Candidacy During GOP Convention
"We salute the Congressional Republicans who have legislatively impeded [Obama's] plans to turn over the Information Freedom Highway to regulators and tyrants," the platform said. It included language similar to what IPI recommended last week: "We will consistently support internet policies that allow people and private enterprise to thrive, without providing new and expanded government powers to tax and regulate so that the internet does not become the vehicle for a dramatic expansion of government power."
GOP Draft Platform Blasts Obama for Putting 'Survival' of Internet at Risk
Institute for Policy Innovation President Tom Giovanetti tweeted that the 2016 draft GOP platform's language on "protecting Internet from taxation and regulation is INADEQUATE" and proposed language that IPI would prefer.