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.
Tax Competition is a Virtue
The United States should not to try to stifle international tax competition, but rather should get back in the game by lowering business tax rates and freeing U.S. businesses to compete internationally.
The Fed's New Effort to Calm Inflation Fears: Print Money and Borrow It
If more cash is the key to getting the economy moving, there is a better way than the Fed's proposal of "sterilized bond buying." Instead, allow companies to repatriate the estimated $1.5 trillion U.S. dollars sitting in foreign bank accounts.
Who Is the Pig at the Trough of Energy Tax Breaks?
How the Chevy Volt Is Like ObamaCare
How are they alike? Well, both were sold as a key to creating jobs and economic growth. So how is that working out for you?
Who Is the Pig at the Trough on Energy Tax Breaks?
Romney's Income Tax Rate Should Be Zero
A Wasteful Spender Demands More Tax Money to Waste
Only the Latest Embarrassment from Mr. Geithner
The Broken-Promise Budget Proposal
How many broken budget promises does President Obama’s new budget represent? A bunch.
A Tax Code for a Free Society
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