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.
Supreme Court Should Address Concerns about Federalism in New York's Affiliate Nexus Law, says American Legislative Exchange Council
The American Legislative Exchange Council (ALEC) today urged the U.S. Supreme Court to hear a case that will help determine whether there are, in fact, constitutional protections from the ability of states to impose tax burdens on other states. Task Force Co-Chairman Bartlett Cleland of the Institute for Policy Innovation said, "The threat to the commercial Internet and to our constitutional rights from extraterritorial assertions of power by the government cannot be overstated. The Supreme Court needs to hear this case immediately to reaffirm the physical presence rule to protect our rights and to ensure the Internet continues to grow and improve human welfare."
Make It Permanent
Congress can make permanent the ban on Internet access and multiple or discriminatory taxes online, or allow the pro-tax thugs the chance to loot our digital future.
Why Are Companies Hoarding Cash?
There’s an enormous supply of cash that could be put to work in the economy. It dwarfs the size of any stimulus plan fantasized about by the wildest of Keynesian cheerleaders. But this administration just doesn’t get it.
Sixteen
Citizens are irritated by the current tax system. Can it be a surprise then that some people are ready to uproot the source of the problems and start over?
The Recent Decline in Wages Is a Result of Obama's Economic Policies
Real average wages have declined over the past four years and the reason is simple: Companies facing Obama’s regulatory and tax onslaught are reluctant to invest and hire.
Let's Play: Who's the Constitutionalist?
Of all constituencies, the Tea Party should instinctively understand what’s wrong with the Marketplace Fairness Act
Let's Play: Who's the Constitutionalist?
Of all constituencies, the Tea Party should instinctively understand what’s wrong with the Marketplace Fairness Act
Success-ter
The dreaded and feared sequester has been a success. Policymakers should add blunt tools like the sequester as a backstop into every future fiscal agreement.
A Permanent Ban on Discriminatory Internet Taxes
Killing the Golden Goose, or Worse
Killing the goose to get the gold inside leaves one with only a dead goose.