A growing, dynamic economy is critical to ensuring that our country and the American people prosper. We need an economy that encourages entrepreneurship, facilitates the creation of jobs that offer a variety of working relationships, and develops cutting edge new technologies, products and services. IWV supports government policies necessary to foster a healthy private sector, including:

• Low tax rates: high taxes discourage the behavior that is taxed. That's why it is critical that we keep taxes low on work, savings, and investment. Lowering tax rates keeps money in the private sector and encourages productive behavior, which creates more jobs and greater prosperity for all.


• A simple tax code: Too much time and money is wasted on complying with a needlessly complex tax code. Those resources would be better spent elsewhere. IWV supports tax simplification to reduce that waste, encourage greater compliance, and so that we can more easily lower tax rates.


• A fiscally responsible, limited government: Government overspending is a drag on economic growth today, and a serious threat to future generations. Government borrowing makes private sector borrowing more expensive, which impedes growth. The debt that government is racking up will have to be paid off eventually, and in the meantime more of our tax dollars will be going to pay interest to service the debt. To prevent tax increases, the devaluation of the dollar, and anemic economic growth, policymakers need to make real cuts in spending to move toward a balanced budget.


• Free trade: Most consumers don't live in the United States which is why it is so critical that the federal government works to reduce barriers to free trade and facilitate the exchange of goods and services around the world. Trade with other countries enables American consumers to have access to high quality goods at lower costs. It also gives American businesses the opportunity to sell their products and services around the globe. Greater trade liberalization will lead to greater prosperity at home and abroad.