While all sides agree that the U.S. tax code needs an overhaul, there are significant disagreements about the primary goals of tax reform and the best means to achieve them. Jeffrey H. Anderson’s Main Street Tax Plan attempts to advance the tax reform debate by laying out a proposal, based on clear objectives, that can benefit everyday Americans.
The Main Street Tax Plan aims to spur economic growth, improve the lives of American workers, and increase fiscal responsibility. The Tax Foundation found that the plan would expand the size of the U.S. economy by $2 trillion within a decade (in the ballpark of growth generated by the Reagan and Kennedy tax cuts); benefit the average American twice as much as the top one percent; and raise revenues by $679 billion while cutting taxes (as taxes on increased growth would exceed lost revenue from the tax cuts themselves). In addition, the plan would simplify the tax code, end the marriage penalty, and make it easier to reform Medicare.
On March 30, Hudson Institute hosted a discussion on tax reform featuring the Tax Foundation’s Kyle Pomerleau, AEI’s Alan Viard, the Tax Policy Center’s Eric Toder, the Ethics and Public Policy Center’s Henry Olsen, and the plan’s author, Hudson’s Jeffrey Anderson. They assessed the merits and limitations of Anderson’s proposal and its prospects for providing a way forward to meaningful tax reform.
Join Senior Fellow Dr. Rebeccah Heinrichs and Senator Rick Scott (R-FL) for a fireside discussion on how Congress can guide American strategy, the need to modernize the defense industrial base, and the vital role of allies and partners in an unstable international environment.
Join Hudson Institute Senior Fellow Robert McDowell for a discussion of the book and communications law with the authors, Harold Furchtgott-Roth, Kirk Arner, and Arielle Roth.
Please join Congressman Jimmy Panetta (D-CA) and Senior Fellow Ken Moriyasu for a discussion on Central Asia’s economic and strategic significance and why updating US trade policy is key to unlocking the region’s potential in an era of renewed great power competition.
