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.
Congress Should Reclaim Its Constitutional Authority Over Tariffs
Whether you support or oppose tariffs, all constitutionalists should agree: the power to tax resides with Congress. Reclaiming tariff authority is vital to preserving the Constitution’s design and the role of Congress in self-government.
Tariff Magic
Those wanting to impose across-the-board tariffs on American imports seem to think that tariffs are magic, but in fact they are guilty of magical thinking.
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A Reminder About Tax Neutrality
Politicians should not use the tax code to buy votes or to reward favored constituencies.
Voters Have to Elect Kamala to Find Out What She'll Do
She promised she would provide more detail in the coming months. Perhaps Democrats would prefer she stick with her detail-free campaign.
Are You Ready for 'Kamalanomics?'
There are many as-yet unannounced policy positions, and you can be sure they all will give the government much more control over our choices and our lives. But Harris will likely stick to unoffensive platitudes as long as voters, and especially the media, don’t demand specifics.
Trump's 15 Percent Corporate Tax Rate is the Kindest Cut of All
A 15 percent rate—which would be more like 18 to 19 percent with state taxes included—would make the U.S. a very attractive place to locate businesses.
Answering Objections to an Article V Convention of States
Though feared by many, a “runaway” Article V amending convention can’t happen, because of the Founders’ wise design.
Why an Amending Convention of the States?
An Article V convention to pass constitutional amendments to rein in the federal government and set our fiscal house in order could be a powerful tool.
The Coming Battle to Repeal an Unconstitutional Income Tax
Washington State's voters, rather than its legislature and Supreme Court, may be able to force the state to follow its Constitution.
Higher Immigration Will Reduce the Federal Deficit
CBO confirms a growing supply of labor, in part due to growth in immigration, will boost economic growth.
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