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.
U.S. Manufacturing Making a Comeback
Manufacturing has been growing stronger thanks to the U.S. energy boom and a steady supply of inexpensive natural gas.
Moving from Pigou to Government Control
There is little, if any, room in the tax code for taxes conceived as a means to influence behavior. However, a conversation about using the tax code as means to control citizens does seem to correctly involve cow waste.
PITFA Moves to House Floor After Judiciary Markup Some Committee Members Seek MFA Review
If the moratorium were "allowed to expire, states would begin to collect taxes on Internet access, or apply other discriminatory taxes that may already be in place but which have been held at bay during the moratorium," said IPI's Bartlett Cleland.
IPI Applauds House Judiciary Committee Efforts to Make Permanent Internet Tax Moratorium
IPI applauds efforts made today by the House Judiciary Committee moving forward on making the Internet tax moratorium permanent and refraining from introducing other issues that likely would have ended its progress in the House.
Movement of the Permanent Internet Tax Moratorium
Hopefully, the next step on the right path will be taken with the House Judiciary Committee deciding that the Internet tax moratorium must continue.
Top Tax Friendly States for your Middle Market Business - Does your State Make the Cut?
The NCMM survey says the top destinations for middle market businesses are Texas and Florida.
State Telecom Activities
Illinois Gov. Pat Quinn signed HB-2453 into law Friday, letting Chicago increase its monthly 911 charges on wireline, wireless and prepaid cellphones. The measure, which took effect immediately, has come under attack from free-market groups like the Institute for Policy Innovation, which said the increase could produce more than 911 needs and be used for other purposes like bolstering the city's pension fund.
Et tu, Governor Quinn?
By Monday Illinois Governor Quinn must approve or deny a scheme that may well leave him in a similar, if less dramatic, situation as Nero.
What's Wrong with the Middle Class? Uncertainty, Taxes and Low Growth
Given the years of handwringing and little in the way of results, one might believe the reason the middle class is under greater stress is a mystery, but in fact the reason is clear.
How ObamaCare customers could end up with a big tax bill
Fox News Chief national correspondent Jim Angle tells how Obamacare customers may end up with a big tax bill from Uncle Sam.
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