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Maintain and Improve Pro-Growth Tax Reform

The passage of the 2017 pro-growth tax reforms was a once-in-a generation moment that made America’s tax code for businesses on Main Street more competitive.

As Congress begins debating the renewal of the 2017 provisions, lawmakers must prioritize Main Street businesses by taking the time to understand how carefully constructed tax policy can sustain and advance a strong U.S. economy and empower business innovation. Defend Main Street Growth believes Congress should focus on the following tax policies:

  • Maintaining the 21% corporate income tax rate that benefits over 1,328,981 C-corporations in the United States (As of 2021).
  • Strengthening incentives for investments in Research and Development, allowing businesses to immediately deduct R&D expenses in the year they were incurred.
  • Maintaining full expensing for machinery, equipment, and technology investments.
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