Posted on 02/08/2016 7:00:17 PM PST by kiryandil
**snip**
...Ted Cruz has endorsed policies that would fundamentally change who pays the federal government’s bills, and how.
Expect the establishment wing of the Republican Party to increasingly draw attention to this fact, especially when it comes to his tax policy. While on the one hand Cruz’s plan hews to Republican orthodoxy in its large tax cuts for the wealthy, he also embraces a European-style Value Added Tax, which is a lot like a sales tax, as replacement for all payroll taxes, and which would enable the elimination of all income tax outside a 10% flat tax for all earners...
**snip**
...The downside to this is that his plan is both very regressive - shifting the burden of paying for the federal government onto the middle and lower classes during a time when only wealthy Americans are seeing economic gains - and that it places particular pressure on older Americans living off of social security.
As my colleague Shawn Tully points out, the Cruz plan would increase the price of the things we buy everyday by a lot. Cruz would argue that this would be more than offset by his tax plan’s increase in take-home pay. But what about people who no longer earn wages, like retired folks living off social security? They worked their whole life paying income taxes, and if Cruz’s plan is enacted, will have the rules of the game change on them when they can afford it least. Their entitlement payments won’t go up, but the price of everything they buy will.
Since older Americans vote in greater numbers than any other demographic group, and senior citizens are now one of the Republican Party’s most reliable voting blocks, expect Republican hopefuls to increasingly attack Cruz on this point in New Hampshire this week and beyond.
(Excerpt) Read more at fortune.com ...
Macklin, you Son of a.......
This is spin from our communist left. I assure you this is a propaganda lie.
Chris Matthews.
Pretty much says it all
Of course it is...Look at the author...Chris Matthews....
We dont have a tax COLLECTION problem, we have a SPENDING problem. As long as we focus on collection and not the issue of spending, we are only rearranging deck chair
Nonsense. Didn’t you hear about Cruz dipping into his inkwell the pigtails of the girl who sat in front of him in school? If that’s true you know this is!
Wait a second! I thought Chris Matthews was saying that we are in a full economic recovery?
Is he going to tax the snow bank he heaves her into?
Yeah, what it says is that Chris Matthews fears Ted Cruz as a GOP nominee. Which is a pretty large endorsement for Ted.
NO VAT! EVER!
Just like Bush was going to push wheelchaired grandma down the steps. It is more liberal leftist smear tactics. Didn’t work then either.
This is a strong endorsement for Cruz coming from Chris Matthews.
VAT is disastrous. Has done much to ruin Europe
Chris Matthews and his economist what a joke, perhaps they can get Bernie Sanders and a communist economist to comment.
THe 16% Business Tax on gross earnings minus expenses but not including wages paid to employees. HOWEVER the employer would no longer have to pay payroll taxes either. Currently employers pay ~7.5% in FIca and SS taxes. they also are replacing the Corporate Taxes.
Steve Moore and Art Laffer helped with the Cruz tax plan,
http://spectator.org/articles/65381/who-has-best-tax-plan
Like I said earlier today: any source is acceptable to you as long as it bashes Cruz or trumpets the (D)onald.
You’re despicable.
Grandma Clinton and Grandpa Sanders want to raise taxes on everyone so they can give TRILLIONS of tax dollars for “ free” college, “free” healthcare and “free” abortions to the voters stupid enough to believe this would even be possible.
Only a man with a drinking problem would write nonsense such as this.
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