Patrick L. Anderson founded Anderson Economic Group in 1996 and serves as a Principal and Chief Executive Officer in the company.

Anderson is a recognized authority on business valuation and commercial damages, and he has provided expert testimony and consulting advice to: organizations such as General Motors, Ford, DaimlerChrysler, Honda, Kmart, SBC and Labatt USA; the states of North Carolina, Michigan, Ohio and Wisconsin; the International Mass Retailers Association, the American Automobile Association, the Michigan Manufacturers Association and the University of Michigan; and franchisees of Anheuser-Busch, Molson, Coors, Miller, Harley-Davidson, Mercedes-Benz, Suzuki and Avis products.

Anderson has also taken a leading role in several major public policy initiatives in his home state: He was the author of the 1992 Term Limit Amendment to the Michigan Constitution and the author of the 2006 initiated law that repealed the state's four-decade-old Single Business Tax. Before founding Anderson Economic Group, Anderson was the deputy budget director for the State of Michigan under Gov. John Engler and chief of staff for the Michigan Department of State.

Anderson has written over 100 published works, including "Business Economics and Finance" and the chapter on business valuation in "Litigation Economics." He is also the executive editor of three editions of the "State Economic Handbook." His 2004 article "Pocketbook Issues and the Presidency" and his 2009 paper "The Value of Private Businesses in the United States" have received the award for best business economics paper from the National Association of Business Economics. Anderson's views on the economy are often cited by national news media, including The Wall Street Journal, The New York Times, National Public Radio and Fox Business News. 

Anderson is a graduate of the University of Michigan, where he earned a Master of Public Policy and a Bachelor of Arts degree in political science. He is a member of the National Association for Business Economics and the National Association of Forensic Economists. The Michigan Chamber of Commerce awarded Anderson its 2006 Leadership Michigan Distinguished Alumni award for his civic and professional accomplishments.

 

 

By Patrick L. Anderson

The Universal Tuition Tax Credit: A Proposal to Advance Parental Choice in Education

This pathbreaking approach to expanding parental choice in education embodies a proposal to amend the Michigan constitution and establish a Universal Tuition Tax Credit (UTTC). The tax credit would offset a portion of private or public school tuition and would be claimed against state tax liabilities. In addition to improving education, the UTTC would save the state hundreds of millions of dollars per year. Unlike other tax credit plans, the UTTC would help needy families with low state tax liabilities by encouraging the creation of corporate scholarships to offset tuition costs not covered by the UTTC. The per-student credit could be claimed against the Michigan tax liability of any person or corporation. Unlike vouchers, the UTTC would not allow state funds to support religious schools, would not drain funds from the public schools, and would not spawn new entitlements or overregulation of private schools. The study includes detailed fiscal models, a discussion of school choice, a history of Michigan's constitutional impediments to education reform, and proposed language for a constitutional amendment. 76 pages … more

Tax Cut Plan Avoids Mistakes of the Past

The 1993 statewide ballot proposal known as "Proposal A" had its flaws but nonetheless would have provided tax reductions then, true tax limitation in the future, and predictability of assessments for overtaxed property owners. … more

Proposal A: An Analysis of the June 2, 1993, Statewide Ballot Question

In 1993, Michigan voters were asked to consider a plan that would cut property taxes and cap property assessments, raise the sales tax, and establish a $4,800 per-pupil guarantee for the public schools. "Proposal A" was defeated, but not without intensive debate in which this study figured prominently. The report identifies both pros and cons of "A," including independent, in-depth analysis of its likely impact on the state budget, schools, and property owners. Although "A" is now consigned to the history books, this study is a useful tool for understanding school finance, the economics of property taxation, and related constitutional questions. 40 pages. … more

Time to Strengthen the Headlee Amendment

The 1978 Headlee Amendment to the Michigan Constitution restricted government spending and taxation and provided important protection to taxpayers, cities and counties. Problems have arisen, however, that deserve the attention of Governor Engler's special commission. … more

Analysis of Tax Proposals on the 1992 Ballot

The November 1992 general election in Michigan included two propositions regarding property taxes, Proposals A and C. This evaluation presents a detailed analysis of them, including projections for state and local government revenues. Widely cited in the press when released, it remains a useful guide to Michigan's property tax structure. The report makes a strong case that Michigan, which has the second highest property tax burden among twelve Midwestern states, sorely needs a property tax cut to spur economic growth and to stem the exodus of business from the state. 44 pages. … more

Tiger Stadium Tax is Unconstitutional

An act passed by the legislature to allow certain cities and counties to tax restaurant, hotel, and rental car customers flouts the Michigan Constitution. … more

Keeping the Engler Revolution on Track

This analysis of Governor Engler's first year in office gives the governor high marks for balancing the state's budget without a tax hike. The governor is urged not to shrink from the politics of constructive confrontation with legislative "big spenders." Includes a review of his first year in light of the Road Map for a Michigan Renaissance, issued by the Mackinac Center in November 1990, and makes recommendations for the continued downsizing of state government. 3 pages. … more

The Single Business Tax Burden on Michigan Industries

The Michigan Single Business Tax (SBT) was, at the time of this report's release, the only value-added state business tax system in the U.S. The author explores its history, actual practice, and inherent advantages and disadvantages. Tables of data are provided, showing the SBT burden as a percentage of the Adjusted Tax Base on industries in Michigan. This report is a good overview of the SBT and its impact on the state's businesses. 30 pages. … more