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.
Congress is Downsizing The IRS, So It Must Downsize the Tax Code
Tax reform and simplification needs to be one of the Republicans' top priorities. In the meantime, they should continue cutting the IRS budget.
Blame Congress, Not TurboTax, for Tax Fraud
Washington has never made fraud prevention a major focus. When fraud arises after its failure to act, the government blames tax preparation software.
Blame the IRS and Congress, Not Software, For Tax Fraud
It’s shameful to see Congress pass the buck and attempt to pin the blame for tax fraud on tax preparation software.
As Obama Trolls for More Money to Spend, Republicans Need to Keep the Sequester Caps
As President Obama trolls for ever more spending, it is more important than ever for Republicans to keep the sequester spending caps if they want to control government spending.
We Need Tax Reform NOW
More than 70 organizations unite in the message of this coalition letter to send a powerful message to Congress that there is momentum around tax reform, and that it should become one of their very top priorities.
If Obama Wants Reagan's Capital Gains Tax Rate, He Should Take Reagan's Income Tax Rates
The White House has sent conservatives what it apparently thinks is a very clever message: You say the economy boomed under President Ronald Reagan’s tax reforms. Well, Reagan’s top capital gains tax rate was 28 percent, so let’s go back to that.
IPI Joins Conservative Texas Budget Coalition
It's not enough for Texas conservatives to pat themselves on the back about outperforming California, or otherwise coast on our generally low tax and light regulatory environment. It’s time for the Texas Legislature to enact bold, forward-looking policies to further invigorate the Texas economy and ensure that Texas is a powerhouse of growth and opportunity into the next decade.
Obama's SOTU Proposals Could Put More Than 57% Of The Public On The Federal Dole
Adding in President Obama’s costly new entitlement programs outlined in his State of the Union address could put a back-of-the-envelope estimate of about 180 million Americans on the government dole.
It's Really, Really Time to Ban Internet Discrimination Forever
Congress has a clear choice: Make complete and permanent the ban on Internet access and multiple or discriminatory taxes online, encouraging broadband access and e-commerce, or turn away from that national priority and allow the pro-tax thugs to loot our digital future.
The Needed Education Agenda: Schooling Obama in Tax Principles
President Obama is right, education needs to get better. Specifically, his education on basic economic principles needs to be vastly improved.