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.
The Other 'Election' Where Democrats Are Taking a Beating
Democrats are understandably concerned about their stunning loss at the polls on Nov. 2. But the election that should most concern them is the one in which Americans vote with their feet. In that “election” Democrats have been losing for years.
Coalition Letter Opposing Proposed Changes to Roth IRAs
Biden’s IRA changes are a direct assault on middle class retirement savers from every generation – including Millennials, small business owners, middle-aged families, and retirees.
Democrats' Massive Tax Cut for the Wealthy
Contrary to their “working class” rhetoric, the Democrats really are transforming into the party of the wealthy elites. They will spend $15 billion for the working poor, $130 billion on health care, but a whopping $475 billion on a tax cut for the wealthy.
Americans Are Casting Their Votes--with Their Feet
New research reveals which state leads the pack in providing new Texans. And no limited-government person will be surprised at the answer.
Coalition Letter in Opposition to Unnecessary Wind and Solar Subsidies
It is clear that the industries that rely upon these tax credits are mature and no longer in need of generous Federal support and it is time for lawmakers to allow the solar and wind industries to sink or swim on their own merits.
It's Impossible to Accurately Tax an Unrealized Gain
Democrats in Congress don’t seem to realize that it’s impossible to accurately tax an unrealized gain, because real value is determined by market transactions convening a willing buyer and a willing seller. Without a transaction, the value of the taxed asset would be determined arbitrarily, and by whom?
Attack of the Killer Taxes
Tis the season for cute little monsters going door to door seeking treats, and bad Washington-created monsters going bank account to bank account seeking to devour wealth.
Takeaways from Giveaways
Democrats hope that their massive federal spending spree would buy them votes. But it looks like all they're buying is voter anger.
Coalition Letter Opposing IRS Financial Reporting Requirement
Caolition letter in opposition to the proposed new reporting regime to have the IRS collect the account inflows and outflows for bank, loan, and investment accounts as well as Venmo, CashApp, and PayPal accounts.
Raising Taxes on the Most Disadvantaged Americans
The lower your household income, the more likely you are to be a smoker. Doubling the tax on cigarettes suggests Democrats aren’t quite as concerned about economic disparities and equity as they claim.
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