There has been considerable discussion about the corporate tax system in the U.S. and the IRS’s global reach in the media over the past year. The rash of corporate inversions was the catalyst for the public discussion of...
- Scott Moody on Tax Reform Options in Maine
Scott Moody on Tax Reform Options in Maine
Maine Heritage Policy Center CEO (and former Tax Foundation Senior Economist) J. Scott Moody discusses the recently-announced tax reform plan unveiled by a group of 11 Pine Tree State legislators. The so-called "Gang of 11" plan, chiefly written by Sen. Richard Woodbury (I-Yarmouth), would cut some tax rates but raise others, resulting in a net tax increase in the state. Moody is critical of the plan and advises focusing on spending discipline until a revenue-neutral (or revenue-negative) reform plan becomes an option.
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