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.
New Publication Exposes Twelve Things (Still) Wrong with ObamaCare
Institute for Policy Innovation (IPI) resident scholar Dr. Merrill Matthews lists the greatest flaws and backward incentives of the president's signature legislation, concluding: “It is the wrong policy for the dynamic and fast-paced 21st century, an albatross fit for 1960, not 2012."
Coalition Letter on IRS Interest Reporting Reg
State Tax Grab at Online Retailers is False Federalism
In an attempt to grab more tax revenue, states are on a course to levy and collect sales tax—the same tax on the same transaction multiple times, and today’s hearing of the U.S. Senate Committee on Commerce, Science, and Transportation will examine the rule established by Supreme Court precedent prohibiting states from collecting sales taxes from digital retailers without a physical presence in their state.
Pro-Growth Tax Reform That Works
To maintain and expand manufacturing and manufacturing jobs, and for the overall health of the U.S. economy, the Congress should reduce the corporate tax rate and make permanent either 50 percent or 100 percent first-year expensing of business capital equipment. That should be followed with tax reforms that better enable businesses to export goods and compete directly in foreign markets.
Testifying Before Congress? There Is No App for That
There is no simple solution when it comes to taxing ecommerce transactions.
Tolerating the Tax Gap
Companies 'Outsource' Because That's Where The Sales Are
The political war against “off-shoring” — which is what the critics usually mean when they use the term “outsourcing” — is raging this election year. But there is an important reason why many
Thank You, Sir, May I Have Another?
The states are looking for more revenue, and digital goods and services are at the top of their lists.
Capitol Hill
Sens. Dick Durbin and Mike Enzi are "pro-taxers" who are "trying to avoid a debate on the merits" of an e-commerce sales tax bill by adding it as an amendment to the Small Business Jobs and Tax Relief Act, the Institute for Policy Innovation said Wednesday to Communications Daily.
The Internet Tax Is Back
Although all 50 states report an increase in tax receipts they want more, and are trying to get more via the so-called Marketplace Fairness Act, even if it involves trampling on Supreme Court precedent.
Total Records: 633
