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.
Communist China Shows the U.S. How to Spur Economic Growth
We have entered a topsy-turvy world where the communist Chinese want to cut corporate tax rates to spur economic growth while the Obama administration would prefer to build a corporate Berlin Wall to keep U.S. companies from trying to lower their tax rates.
Have Minimum Wage Increases Killed "Reshoring"?
Many lower income jobs were returning to the U.S., but that trend appears to have stopped, and workers can thank liberals for it.
The Fuzzy Accounting Behind Renewable Energy's Falling Prices
Before wind and solar advocates boast about how affordable their preferred energy sources have become, they need to factor in the massive taxpayer largesse propping up the renewable industry. After accounting for both sides of the ledger, anyone can see that renewables cost far more than they save.
Tax Avoidance Is Patriotic
Tax avoidance is not a global problem. It’s a tool for fighting big-spending liberals.
Further Abandoning the Rule-of-Law
Yet again, the Obama administration has operated outside of the rule-of-law, which makes the US a less certain place for investment.
Trump's New Taxes
Donald Trump is the only Republican presidential candidate gleefully promising to raise taxes.
A Picture of the Obama Economy
If a picture is worth a thousand words, so is a graph. We have compiled several graphs that convey a picture of the Obama economy, and it isn't pretty.
Five Bold Policy Reforms 2016 Candidates Should Embrace
House Speaker Paul Ryan says Republican candidates are looking for bold policy reforms. IPI has responded with proposals that reduce the size and scope of government, empower people and states to make their own decisions, and keep more money in the private sector rather than the public sector.
Conservatives Who Defy the Rule-of-Law on Taxation
Conservative legislators should not defy rule-of-law in their greed for more tax revenue.
When Will Republican Candidates Start Identifying Proposed Spending Cuts?
Tax cuts are nice but they are not enough. The government doesn’t just take too much money, it also spends too much.