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.
More Taxes? Gulp! Or Maybe Big Gulp.
This November the residents of Berkeley, California, will vote on a first-of-its-kind tax on distributors of sugar-sweetened beverages. Instead of offering saccharine speeches and sweet promises these pro-tax, government-control activists should be honest with their constituents.
Public Policy Group Analyzes U.S. Corporate Inversions
Tax flight is a symptom of a larger problem: Tax rates that are out-of-line with other equally adequate locations.
Inverting the Inversion Discussion
It’s time to invert the discussion about inversions: It’s about a bad tax code, not bad companies.
The Senate's Plan to Increase Your Taxes
Why would senators want to levy a large tax increase on their own citizens when times are already tough for too many? Good question.
The Undead Death Tax
Burying the undead death tax would be one of the 113th Congress’s best legacies.
Challenges for Wind Energy's Future
The U.S. has spent billions of taxpayer dollars subsidizing wind energy. And while the industry is growing, it's expensive, unreliable and supplies only a small portion of the country's energy needs. Congress is backing away from its longtime support for wind subsidies, and given the growing availability of inexpensive fossil fuels for energy generation, that's the right move.
Obama Announces $4 Billion for Crony Capitalism, er, Clean Energy Loans
Even while President Obama seeks additional money from Congress for border security, his administration is giving away billions of taxpayer dollars to clean energy companies that the government likes, even though their success rate is abysmal.
Pugilistic Manner or Performance Management?
Instead of tax reform Congress seems insistent on blame, negative reinforcement and abdicating responsibility.
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.
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