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.
Obama SOTU Tax Proposal 'Pokes GOP In The Eye'
Congressional Republicans should consider an orchestrated, loud guffaw when the president proposes his tax and spending agenda in tomorrow’s State of the Union address.
Obama SOTU Tax Plan Targets Job Creators
President Obama will outline a plan to raise $320 billion in new taxes on the job-creating class in tomorrow’s State of the Union address.
Watching How the U.S.Treats Its Own States, Other Countries Could Learn How to Loot the U.S.
The Marketplace Fairness Act would have opened the door to a new era of state tax burdens under the guise of the principle of “economic nexus.”
'The Most Unkindest Cut of All?' Yes, But a Different Victim
The IRS had its budget cut in the continuing resolution this year and immediately the press and many liberal groups called the reduction outrageous, but the cruelest cut was saved for the taxpayer.
Travel is About to Get More Taxing
Creating a different set of tax laws, different from those already in place for hotels or services, is moving in the wrong direction.
Eric Garner and the Unintended Consequences of High Cigarette Taxes
High tax rates on anything always lead to people gaming the system, sometimes legally and sometimes illegally.
To Grow The Economy, Reject New Internet Taxes
It’s clear that voters want a different direction from Washington, and that different direction certainly doesn’t include higher taxes on the Internet.
Time for Wind Production Tax Credit To End Once and For All
Thanks to the dramatic increase in U.S. fossil fuel production, there is no longer any need for wind Production Tax Credit (PTC) subsidies, and Congress should not renew it, saving billions in taxpayer dollars.
Wind Production Tax Credit Imposes High Costs
U.S. taxpayers have been subsidizing wind energy for decades. The primary focus of that subsidy has been the Production Tax Credit, which ended in 2013. But powerful forces want to reinstate the PTC, even though wind energy imposes huge costs on ratepayers and taxpayers at a time when fossil-fuel generated electricity is getting cheaper and cleaner.
Those Tax-Free, Online Cyber Monday Purchases May Be Your Last
The Internet has thrived as a place of freedom, where the long hand of government regulation and taxes have been kept to a minimum. The Marketplace Fairness Act seeks to end that era—and with it your ability to get most of your Cyber Monday purchases tax free.
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