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.
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.
Stopping the Wind PTC Zombie Apocalypse
Congress should pass an extenders package and resolve to move on fundamental tax reform during the next Congress. But that package should not include the PTC.
Cruz Warns Again of Marketplace Fairness Act's Lame Duck Passage
Congress shouldn't try to combine the MFA with the Internet Tax Fairness Act, which would ban Internet access taxes, said IPI's Bartlett Cleland. If that happens, the "recent protests in Hungary opposing similar attempts will look mild compared to the anger of an electorate full of online consumers that deserves much better," he said.
'Lame Duck' Internet Betrayal?
Imagine the surprise that online customers will receive when the lame duck Senate massively expands government power via the Internet.
'Lame Duck' Internet Betrayal?
Imagine the surprise that online customers will receive when the lame duck Senate massively expands government power via the Internet.
If You Do Not Currently Live In A Red State, You Probably Will Soon
Voters around the country are concluding “it’s better to be red than dead”—applying a whole new, and much better, meaning to an old phrase.
Reforming Tax Reform Thinking
Comprehensive reform should be the goal, not necessarily one piece of comprehensive legislation.
Has the IRS Become a Threat to Our Constitutional Liberties?
The IRS has gone rogue, threatening Americans' constitutional liberties. But don't blame the IRS alone; it and many other agencies are only following the lawless disregard for the Constitution and Bill of Rights provided by "President Pen-and-a-Phone."
Black Thursday Is Coming in December: Politicians Want Green, Taxpayers Will See Red!
A tax increase is usually the result of Congress acting; in this case Americans will get an estimated $14.7 billion tax increase next year if Congress doesn't act—by passing an extension of the Internet Tax Freedom Act. The obstacle to this extension is Senate Majority Leader Harry Reid, who has his own tax-increase legislation, the Mainstreet Fairness Act.
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