November 11, 2015
Originally posted on WINTERY KNIGHT:
Wow, I only want to shut down three of them.
Here’s Ted Cruz explaining his plan in National Review.
At the last Republican presidential debate, I presented the Simple Flat Tax — which, for a family of four, exempts the first $36,000 from all income tax, and above that amount collects one low rate of 10 percent for all Americans. It eliminates the death tax, the payroll tax, the corporate income tax, and the Obamacare taxes; ends the corporate carve-outs and loopholes; and requires every business to pay the same simple business flat tax of 16 percent. That plan will unleash unprecedented growth, create millions of new jobs, raise after-tax incomes for all income levels by double-digit percentages — and abolish the IRS as we know it.
[…]First, to begin the process of reducing the scope and cost of government, I have identified…
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