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Ted Cruz Is Right: His Tax Plan Would Supercharge GDP Growth
Forbes ^ | April 16, 2016 | Tim Worstall

Posted on 04/16/2016 12:45:08 PM PDT by 2ndDivisionVet

Ted Cruz claims that his tax plan would supercharge economic growth, boosting GDP by as much as 5% a year for a decade or more. That’s, umm, an ambitious goal to be sure. However, there is actually good reason to believe that he’s right. As long as we’re careful about how we define GDP growth and also as long as we consider all the ways in which his plan will change the economy. This does mean being a little perverse in our assumptions: but also correct in our assumptions.

The basics of the plan are that income taxes will be cut for all. Also, that pretty much all business taxation will be replaced with a 16% flat tax. It is claimed (and Cruz has Art Laffer there claiming it with him) that such a relief from the burdens of taxation will produce an explosion of economic growth. This is not, I feel, entirely believable to put it mildly. While there may well be specific bottlenecks in the taxation system the total take, at 35 to 36% of GDP, isn’t large enough for it to be causing a general lack of economic growth. Not in my opinion at least and in the opinion of vanishingly few economists too....

(Excerpt) Read more at forbes.com ...


TOPICS: Business/Economy; Constitution/Conservatism; Culture/Society; Government
KEYWORDS: canadian; cruz; cruzie; economy; ineligible; taxes; tedcruz
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1 posted on 04/16/2016 12:45:08 PM PDT by 2ndDivisionVet
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To: 2ndDivisionVet

Not with 200 electoral votes it won’t.


2 posted on 04/16/2016 12:45:41 PM PDT by Ted Grant
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To: 2ndDivisionVet

Cruz is crashing in the polls now. What happens to his momentum after he loses the next 6 contests, often placing 3rd?
He is done.
— Bill Mitchell (@mitchellvii) April 15, 2016

If Cruz destroys the Party at the Convention then loses to Hillary, he is finished politically - BUT if he quits, he has a bright future.
— Bill Mitchell (@mitchellvii) April 15, 2016

Yes, Cruz is a narcissistic jerk - and exactly why he will likely quit before Cleveland. Narcissists don't often commit suicide.
— Bill Mitchell (@mitchellvii) April 15, 2016

I'm going on record as predicting CRUZ QUITS BEFORE CLEVELAND in a magnanimous gesture to save the Party gaining future leverage & goodwill.
— Bill Mitchell (@mitchellvii) April 15, 2016

Does narcissistic Cruz at age 45 seem like the kind of man to destroy his career just to stop a man with whom he largely agrees on policy?
— Bill Mitchell (@mitchellvii) April 15, 2016

People say Cruz will stay in to the end out of ambition - but political suicide is not ambitious. Being the guy who "savedthe Party" is.
— Bill Mitchell (@mitchellvii) April 15, 2016

Cruz going to Cleveland would be the equivalent of a Kamikaze pilot diving into an enemy ship. Bad for the boat, worse for the pilot.
— Bill Mitchell (@mitchellvii) April 15, 2016

3 posted on 04/16/2016 12:46:59 PM PDT by dynoman (Objectivity is the essence of intelligence. - Marilyn vos Savant)
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To: 2ndDivisionVet
Cruz is not winning;


4 posted on 04/16/2016 12:47:39 PM PDT by dynoman (Objectivity is the essence of intelligence. - Marilyn vos Savant)
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To: dynoman

Okay, I’ll bite. Who is Bill Mitchell?


5 posted on 04/16/2016 12:48:18 PM PDT by 2ndDivisionVet
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To: dynoman

In the latest post Cruz is up and trump is down.

Cruz wants to lower taxes.

Trump wants to raise them.


6 posted on 04/16/2016 12:48:41 PM PDT by lonestar67 (Trump is anti-conservative / Cruz 2016)
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To: lonestar67

All lies;

https://www.donaldjtrump.com/positions/tax-reform


7 posted on 04/16/2016 12:51:23 PM PDT by dynoman (Objectivity is the essence of intelligence. - Marilyn vos Savant)
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To: 2ndDivisionVet

A guy I follow on twitter. He said pretty much the same thing JR said;

-
http://www.freerepublic.com/focus/news/3418598/posts?page=62#62
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Cruz has lost it fair and square and should step aside for the sake of the country.
If his continued efforts at thievery split and destroy the party, we’ll be saddled by Hillary or burned by Bernie.
-
62 posted on 4/7/2016, 8:03:29 PM by Jim Robinson
- - - - - - - - - - - - - - - - - - - - - - - - - -
-
http://www.freerepublic.com/focus/gop/3419800/posts?page=51#51
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Cruz lost the primary vote and is now aiding and abetting the enemy (the GOPe)
in their treasonous attempt to deny the nomination to the winner.
Cruz is a sore loser turned traitor against the grassroots voters.
And the foolish neophyte thinks the GOPe is going to let him have a shot at the presidency if he helps them block Trump?
Laughable if it wasn’t so serious.
-
51 posted on 4/11/2016, 4:58:07 PM by Jim Robinson


8 posted on 04/16/2016 12:52:17 PM PDT by dynoman (Objectivity is the essence of intelligence. - Marilyn vos Savant)
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To: lonestar67

Oh look, another Cruzer spreading lies.


9 posted on 04/16/2016 12:54:19 PM PDT by RC one
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To: 2ndDivisionVet

Forbes GOPe?


10 posted on 04/16/2016 12:55:25 PM PDT by stocksthatgoup (GOPe/MSM - "When we want your opinion, we will give it to you.")
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To: stocksthatgoup

Yeah, everyone that praises Cruz or is critical of Trump is GOPe or worse.


11 posted on 04/16/2016 12:57:36 PM PDT by 2ndDivisionVet
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To: dynoman
Cruz is collapsing.....his bash-Trump marathon was another Cruz flop.

FR POSTED: New Quinnipiac NY Poll (Trump 55%, Kasich 20%, Cruz 19%)

12 posted on 04/16/2016 12:58:44 PM PDT by Liz (SAFE PLACE? A liberal's mind. Nothing's there. Nothing can penetrate it.)
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To: 2ndDivisionVet

Steve Forbes endorsed Trump and will likely be a senior economic adviser to Trump.


13 posted on 04/16/2016 12:59:03 PM PDT by jpsb (Never believe anything in politics until it has been officially denied. Otto von Bismark)
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To: 2ndDivisionVet

...actually good reason to believe that he’s right...


Yeah, and the Easter Bunny delivered real gold eggs last month to all the kids....
And, the trees are full of American greenbacks...
And, everyone has won the Publishers Clearing House contest...
And, tonight everyone is going to win a Million dollars
in the Lottery drawing.


14 posted on 04/16/2016 12:59:09 PM PDT by wakibeach (GOD, Family and Country are the only reasons that life matters.)
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To: Liz

Pretty much what I predicted after Colorado;

http://www.freerepublic.com/focus/news/3420112/posts?page=9#9

http://www.freerepublic.com/focus/f-news/3420112/posts#20

Let Me Ask America a Question - Donald J Trump.
http://www.wsj.com/articles/let-me-ask-america-a-question-1460675882


15 posted on 04/16/2016 1:01:09 PM PDT by dynoman (Objectivity is the essence of intelligence. - Marilyn vos Savant)
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To: dynoman
You predicted it well......it seems the Colorado fiasco is the thing bringing Cruz down to size.

Cruz's poaching votes then bragging about it did not sit well w/ Americans.

Self-absorbed Cruz can't see the forest for the trees.

16 posted on 04/16/2016 1:04:22 PM PDT by Liz (SAFE PLACE? A liberal's mind. Nothing's there. Nothing can penetrate it.)
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To: 2ndDivisionVet

Why wait?

If Cruz’s tax plan is so good, why doesn’t he lead it to passage in
the senate and help pass it in the house, so it will be waiting on him
when he is President.

This is a great opportunity for Cruz to show his leadership skills.


17 posted on 04/16/2016 1:05:34 PM PDT by tennmountainman ("Prophet Mountainman" Predicter Of All Things RINO...for a small pittance)
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To: Liz
The big picture problem is not rocket science to anyone who is not stuck staring at one tree so long they get so cross-eyed they think the fuzzy thing they see is the whole forest.

What happened In Colorado is indefensible on any coherent, rational, ethical, or moral ground. Everyone knows this. THAT is the big picture, that is the forest - and exactly why Trump is so much more popular than any other candidate. THAT is why there is a movement like we have never before seen in American politics. Trump is blowing up the status-quo Americans have HATED for so long. And Colorado gave him more ammunition in that fight for freedom from establishment elitists cramming what they want down our throats.


18 posted on 04/16/2016 1:07:01 PM PDT by dynoman (Objectivity is the essence of intelligence. - Marilyn vos Savant)
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To: dynoman

#8

Thanks for letting us know Jim Robinson has an opinion like the rest of us.


19 posted on 04/16/2016 1:08:39 PM PDT by heshtesh ((New Yorker for Cruz))
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To: 2ndDivisionVet

Sounds about right...Oh, you didn’t remember liberal leftist...


20 posted on 04/16/2016 1:10:47 PM PDT by JBW1949
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