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.
Elements of a Republican Reform Agenda
Powerpoint presentation given by IPI President Tom Giovanetti to the North Texas Strategy & Victory Conference in Grapevine, Texas on September 27, 2014.
On the Wrong Side of Tax History
With its just announced anti-inversion tax regulations, the Obama administration has simply dug in deeper on the wrong side of tax history.
Obama Builds a Berlin Wall--for American Companies
The Berlin Wall was not built to keep invaders out but to keep an oppressed people in. Obama's efforts to stop tax inversions is his Berlin Wall to keep keep corporations oppressed by high taxes from escaping to freedom.
Saving Our Savings
To save our savings, government needs only to get out of the way.
Democrats' Failed Election Strategies Just Keep Coming
Consider some of the themes Democrats bragged would hammer Republicans and help Democrats retain control of the U.S. Senate.
Muddled Morality and a Whopper of a Tale
An anti-inversion law that ignores broader tax reform might be legal but certainly is not the right thing to do.
What To Do About The IRS: End It Or Mend It?
What can be done about a federal agency that has become despised, politicized and marginalized?
Sales Tax Plan the Death of Many Online Shops?
Bartlett Cleland calls it "The horribly Ill-Named Marketplace Fairness Act."
So Much for the European Model
Americans in almost every income class are better off than their European counterparts.
The Corporate Tax Mess Is Worse than You Thought
Focusing on our too-high corporate tax rate doesn’t tell the whole story—our corporate tax code also imposes enormous compliance costs on the U.S. economy.