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.
Which Tax Reform Plan: Developing Consistent Tax Bases for Broad-based Reform
Support is growing among the American public for far-reaching tax reform, but which plan? The National Sales Tax? The Flat Tax? Or the USA Tax? This report computes the tax bases of each type of tax reform, and from there determines what tax rates are necessary to make each plan revenue-neutral under the traditional static analysis employed by government forecasters. The results may surprise you.
Reducing Tax Rates on the Savings of Average Americans
A 6-page analysis of the House Republican "Contract With America" proposals to expand the availability of IRAs, and to increase the unified estate tax credit.
Government Sponsored Enterprises:
The federal backing of GSE obligations may be implicit, but it is very real. Taxpayers have literally billions of dollars at stake if a GSE fails to meet its obligations.
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