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.
George P. isn't sounding like a land commissioner candidate
America needs a new energy policy, tax structure and education system, George P. Bush of Fort Worth told a luncheon audience Friday. But does that really sound like somebody running for Texas land commissioner?
President Price Hike
Unlike typical government meddling in prices, President Obama’s policies always seem designed to make prices higher.
Whatever Happened To The Republican Ideas Machine?
If Republicans want to recapture the public’s support and trust, they will have to do it with bold new ideas that actually address the country’s problems. The GOP used to be an ideas machine; maybe with a little kick start it can be again.
You Know That New 3.8% Medicare Tax? Double It
IPI's Dr. Merrill Matthews exposes how Democrats are doubling the tax obligation in the new Medicare tax: The wealthy may be paying the new rate of 3.8% now, but everyone else will also be paying some portion of it later.
The New 'Thirty Years War,' And This One's Over Taxes
The first Thirty Years War was over ideological differences; so is the second Thirty Years War, but this time the issue is taxes.
Fiscal deal makes social programs more vulnerable
The lack of spending cuts in legislation that averted the fiscal cliff will place enormous pressure on entitlement programs such as Social Security, Medicare, Medicaid, and even the president’s new heath insurance plan when negotiations begin in coming weeks to reduce the deficit, analysts said Wednesday.
Why Boehner Lost the Fiscal Cliff Battle
Boehner never initiated a spending-cut PR campaign, so Republicans are hoping they will be able to get some cuts in the next round of fiscal negotiations. But it won’t happen until they learn how to make excessive government spending the issue.
Tax Increases Will Exacerbate Future Economic Downturns
Financial planners advise investors to diversify; but President Obama is demanding even more financial concentration.
Boehner to House GOP: Read My Lips--Break Your Campaign Promises
The Back Room Sales Pitch to Raise Your Taxes on the Internet
Last week state elected officials swarmed Capitol Hill to pressure Congress to support the so-called Marketplace Fairness Act. Congress owes the country an open, recorded debate before risking the United of our United States.
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