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Keyword: flattax

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  • Ted Cruz's Simple Flat Tax Isn't All That Simple

    11/17/2015 7:13:17 AM PST · by SeekAndFind · 34 replies
    American Thinker ^ | 11/17/2015 | Christopher Chantrill
    Ted Cruz has unveiled his Simple Flat Tax plan that includes a single low, low personal income tax with a single rate of 10%. He also wants to eliminate the federal corporate income tax and the employee payroll tax, and replace them with a 16% Business Flat Tax. But according to Larry Kudlow and the Tax Foundation, he is really talking about a value added tax, a VAT. Here is what the Tax Foundation says about the Cruz plan. It’s actually pretty simple: there’s profits that go to shareholders, and there’s wages, salaries, and other compensation to workers. Both...
  • Russian TASS: Russia’s Government Not Backing Progressive Tax — Report

    11/12/2015 10:27:45 PM PST · by goldstategop · 12 replies
    Government Russia Official News Agency TASS ^ | 11/12/2015 | Government Russia Official News Agency TASS
    MOSCOW, November 13. /TASS/. Russia’s government has refused to support a bill on re-introducing a progressive income tax drafted by A Just Russia Party, the Izvestia newspaper reported on Friday. Russia’s Economic Development Ministry believes that switching to this system may lead to resuming the use of the so-called shady schemes of avoiding to pay the tax, including by lowering the real salary figures, according to the newspaper. "Now there is stability in collecting this tax what is a rather important argument in favor of preserving the current income tax scale," a ministry representative, Elena Lashkina, told the newspaper. Russia’s...
  • What Ted Cruz's Flat Tax Plan Would Mean for Your Wallet (VIDEO)

    11/12/2015 8:34:47 AM PST · by conservativejoy · 20 replies ^ | 11/12/2015
    At Tuesday's debate, Ohio Governor John Kasich was seemingly singling out Senator Ted Cruz when he said that the tax plans of his some of his competitors were unrealistic. On Wednesday's Hannity, Cruz rejected Kasich's claim. Cruz's tax plan calls for a simple 10% flat tax on individual income and replaces the corporate income tax and all payroll taxes with a 16 percent 'Business Transfer Tax'. In addition, his plan would simplify the current tax code. 'What it would produce is incredible economic growth,' Cruz explained to Sean. According to the non-partisan Tax Foundation, Cruz's plan would: *Cut taxes by...
  • Flat-Tax Plans: All Are Good, None Are Perfect

    11/11/2015 5:23:17 AM PST · by Cincinatus' Wife · 19 replies
    The National Review ^ | November 11, 2015 | Stephen Moore
    Any flat tax is a great improvement over our current system, so conservatives shouldn’t quibble over details. Here's a no-good-deed-goes unpunished story. Rand Paul has proposed a $2 trillion tax cut over years - arguably the biggest tax reduction in American history. He wants to shave tax rates down to 14.5 percent, the lowest rate since the income tax was introduced a century ago. Ted Cruz has proposed a tax cut nearly as large; his rate is 16 percent. This compares with tax rates that are as high as 42 percent under the current tax code. Both plans would eliminate...
  • Ted Cruz Presents Ambitious Tax Plan: A 10% Flat Tax for Everybody

    11/09/2015 4:38:54 AM PST · by Michael van der Galien · 60 replies
    PJ Media ^ | 11-09-2015 | Michael van der Galien
    [VIDEO] Texas Senator and Republican presidential candidate Ted Cruz has presented his own tax plan for America. While the tax plans of the other candidates are quite impressive, Cruz’s is by far the most ambitious and pro-growth of them all. Last weekend, Cruz was given the opportunity to explain what his tax plan encompasses. The most important part of the plan is a 10% flat tax. In contrast to a so-called fair tax, a flat tax means that everybody pays the same percentage to the federal government. In his case, that’s 10% — 4.5% less than Rand Paul’s plan. Cruz’s...
  • Ted Cruz Lying In Wait For His Next Moment (DEPORT ILLEGALS!?!)

    11/07/2015 12:32:06 PM PST · by VinL · 107 replies
    NPR ^ | 11/7/15 | Wade Goodman
    To walk into Ted Cruz's holding room at the National Religious Liberties Conference in Des Moines, Iowa, on Friday afternoon was to walk into quite the group of happy campers. With a friendly motion and a quick smile, the Republican Senator from Texas, looking relaxed in short sleeves, his foot up on the coffee table, waves you over to the chair beside him. It's just the tiniest bit unnerving, the notion flashes across your mind, "He knows I'm with NPR, right?" Yes, everyone knows who you are, and in spite of Cruz's brilliantly recalled denunciations of the liberal media during...
  • Small Business Supports Cruz, Simple Flat Tax Plan

    11/03/2015 5:03:20 PM PST · by Isara · 3 replies ^ | 11/03/15
    Announces Small Business for Cruz Coalition Supporting Ted Cruz for President and His Economic PoliciesHOUSTON, TX - Today, Presidential candidate Ted Cruz announced the creation of the Small Business for Cruz Coalition. The coalition will be led by National Co-Chairs J. Keet Lewis, and Joe and Gladys Grimaud, who also expressed support for Cruz's newly announced tax reform plan, the Simple Flat Tax."Small businesses are the backbone of the American economy, but in the current environment they are going out of business in record numbers," Cruz said. "We need to empower small business owners and entrepreneurs. Through lower taxes, less...
  • Ted Cruz discusses his new Simple Flat Tax plan with CNBC’s Larry Kudlow

    11/02/2015 2:04:51 PM PST · by gwgn02 · 77 replies
    TheRightScoop ^ | 11/22015 | TheRightScoop
    Ted Cruz spent a fair amount of time discussing his new tax plan in detail with Larry Kudlow on his radio show today. The tax discussion begins around the 6 minute mark so skip ahead if you don’t have a ton of time: Ted Cruz spent a fair amount of time discussing his new tax plan in detail with Larry Kudlow on his radio show today. The tax discussion begins around the 6 minute mark so skip ahead if you don’t have a ton of time: Read more:
  • Ted Cruz Rockets Up With Gold And A Flat Tax For His Economic Plan

    11/02/2015 7:12:53 AM PST · by SeekAndFind · 18 replies
    Forbes ^ | 11/02/2015 | Ralph Benko
    Ted Cruz rocked in the presidential race during the CNBC debate. His biggest breakthrough, even more important than his crowd-pleasing holding the media to account, was his credible prescription to get job creation, and equitable prosperity, roaring the way they roared in the Reagan days. Cruz thereby seized, like nobody else yet has, the Reagan jobs-creation and income mobility mantle. Reaganomics had two main legs. Both were widely ridiculed at the time. Both were vindicated by history. The more famous of these was Reagan's dramatic cutting of income tax rates, across the board, to stimulate economic growth, a policy drawn...
  • The pluses and minuses in Ted Cruz’s tax plan (10% Flat Tax, 16% VAT)

    The Tax Foundation, which Cruz cited in the debate, spells out the terms: “Senator Cruz’s (R-TX) tax plan would enact a 10 percent flat tax on individual income and replace the corporate income tax and all payroll taxes with a 16 percent ‘Business Transfer Tax,’ or subtraction method value-added tax. In addition, his plan would repeal a number of complex features of the current tax code.” The plan repeals the estate and gift tax and the payroll tax. The income tax cut is substantial ($3.6 trillion) with a static model but all but $786B is made up in a dynamic...
  • ICYMI: Cruz in Wall Street Journal Op-Ed: A Simple Flat Tax for Economic Growth

    10/28/2015 8:12:34 PM PDT · by Isara · 8 replies ^ | 10/28/15 | Ted Cruz
    A 10% income tax and a 16% business tax would put an end to the Eight Lean Years of Obama.HOUSTON, Texas – Presidential candidate Ted Cruz today penned an op-ed for The Wall Street Journal detailing his tax plan, centered around a Simple Flat Tax that along with pro-growth policies, repealing ObamaCare and Dodd-Frank, restraining spending and rolling back burdensome regulations will restore opportunity and create jobs in America.Below is an excerpt and the full op-ed may be viewed here.A Simple Flat Tax for Economic GrowthWall Street Journal Ted CruzAmerican workers are the most creative and dynamic people in the...
  • The Simple Flat Tax: Ted Cruz Unveils His Tax Plan [ See the Cruz Simple Flat Tax Postcard ]

    10/28/2015 6:57:16 PM PDT · by SeekAndFind · 42 replies
    TEDCRUZ.ORG ^ | 10/28/2015 | Ted Cruz
    The Simple Flat Tax "Imagine 4.9 million new jobs. Instead of Obama’s income stagnation, imagine average wages rising 12.2 percent over the next decade. Capital investment rising 43.9 percent. And every income-level seeing double-digit increases in after-tax income. Imagine exports and manufacturing jobs booming. Our trade deficit falling as the tax bias against American made goods is eliminated. Imagine a 10 percent income tax, with every American filling out his or her taxes on a postcard or iPhone app. And abolishing the IRS as we know it." – Ted CruzSummaryIt's time for the next American revolution; it's time to reignite...
  • The Poor in the US Are Richer than the Middle Class in Much of Europe

    10/18/2015 2:44:21 PM PDT · by expat_panama · 35 replies
    Mises Wire ^ | October 16, 2015 | Ryan McMaken
    In this week's debate, Bernie Sanders claimed that the United States has the highest rate of childhood poverty. CBS reports that Sanders said: "We should not be the country that has the highest rate of childhood poverty of any major country and more wealth and income inequality than any other country," As even CBS notes, according to UNICEF, which is probably the source of Sanders's factoid, the US has lower childhood poverty rates than Greece, Spain, Mexico, Latvia, and Israel, all of which are OECD countries or regarded as peer countries. The US rate (32.2 percent) is also more or...
  • Pew poll: Trump leads GOP field by nine as Jeb Bush crashes into sixth place with four percent

    10/02/2015 11:56:03 AM PDT · by SeekAndFind · 30 replies
    Hotair ^ | 10/02/2015 | AllahPundit
    Four percent, guys. To put that in perspective, Scott Walker was still pulling five percent in one poll released less than a week before he dropped out of the race.Every now and then, just for a fleeting moment or two, I put away my fatalism and consider that maybe the Republican establishment can’t nominate anyone it wants. And then the moment passes and I return to reality.As for Trump, there’s been a raging debate for the past three months between people who think his surge is due to a cocktail of populism, “white identity politics,” and sheer alpha-male bravado...
  • Analysis: The good and the bad of Donald Trumps personal income tax policy

    09/28/2015 7:57:43 PM PDT · by SeekAndFind · 43 replies
    Hotair ^ | 09/28/2015 | Taylor Millard
    I wrote earlier today how Trump could “surprise me in a good way” over his tax plan, and you know, he did. His personal income tax reform plan for people who don’t have stocks is really simple and something which he should be praised for.The simplification is really good and is a lot easier than the current system. Good on Trump for doing this. From a personal standpoint, I prefer either a very low flat tax (7%) or zero income tax at all. But the income tax part of Trump’s plan isn’t bad at all. I’m still not sure...
  • [Trump, Pay Attention]: Bush's Tax Plan Goes Long Way Toward Restoring 4% Growth

    09/10/2015 7:17:34 AM PDT · by Jim 0216 · 98 replies
    Investor's Business Daily ^ | 09/09/2015 | LAWRENCE KUDLOW AND STEPHEN MOORE
    Bush's plan starts by slashing tax rates. He'd return to the top personal income tax rate of 28% that America had when Ronald Reagan left office. That top rate, by the way, was a true bipartisan reform designed in part by congressional Democrats like Bill Bradley and Dick Gephardt. The rate has since migrated up to 42%, with many Democrats longing to tax the rich well above 50%. Middle-class tax rates would fall to 10% for families with incomes up to $89,000 and to 25% for incomes up to $163,800. For singles, the thresholds are lower. But the thresholds are...
  • Jeb Bush: People Need to Work Longer Hours

    07/08/2015 4:57:12 PM PDT · by jimbo123 · 75 replies
    ABC News ^ | 7/8/15 | CANDACE SMITH
    Today, Republican presidential candidate Jeb Bush, who as of-late has gone relatively gaffe-free, uttered a phrase that may not go over too well with the constituency he seeks to reach. During an interview that was live-streamed on the app Periscope, Bush told New Hampshires The Union Leader that to grow the economy, people should work longer hours. He was answering a question about his plans for tax reform and responded: My aspiration for the country and I believe we can achieve it, is 4 percent growth as far as the eye can see. Which means we have to be a...
  • Jeb Bushs Big Lehman Brothers Problem

    07/12/2015 7:15:28 AM PDT · by jimbo123 · 26 replies
    Daily Beast ^ | 7/2/15 | Charles Gasparino
    Jeb Bush says he released 33 years of tax returns this week because he wants to be the most transparent candidate to run for president in 2016. But if thats really the case, why is he continuing to obfuscate some of his most lucrative and potentially controversial business dealings he had before announcing his candidacy, like his work as an adviser for investment bank Lehman Brothers? So, if Jeb wont tell you what Jeb exactly did while working on Wall Street, in the interests of transparency and disclosure, I will try. Not much is known about what Bush actually did...
  • Jeb takes a swipe at Hillary by releasing 33 years of personal tax returns

    06/30/2015 5:20:41 PM PDT · by Sean_Anthony · 16 replies
    Canada Free Press ^ | 06/30/15 | Robert Laurie
    Record-breaking transparency. Jeb takes a swipe at Hillary by releasing 33 years of personal tax returns Dont look now, but Jeb Bushs campaign is about to set a record in terms of releasing tax information. This afternoon, Bush will release 33 years worth of personal income tax returns via his website. Thats more than any other would-be nominee ever - by a wide margin. Only Bob Dole and John Kerry came close to this total, and the Bush release will outpace both of them by double digits. As the AP reports: Republican presidential candidate Jeb Bush plans to release 33...
  • Jeb Bush says he would back tax increases to reduce deficit

    06/02/2012 3:18:55 PM PDT · by WilliamIII · 53 replies
    Bloomberg/Washington Post ^ | June 1, 2012 | Brian Faler
    June 1 (Bloomberg) -- Former Florida Governor Jeb Bush, in a break with his party, said he could support tax increases to help reduce the federal governments budget deficit. The brother of former President George W. Bush told a congressional panel in Washington today that he could back a theoretical deficit-reduction package that would include $1 in tax increases for every $10 in spending cuts. 1 Comments Weigh InCorrections? Personal Post More from PostPolitics Obama: From dove to tough guy Aaron Blake JUN 1 THE FIX | When it comes to foreign policy, Obamas image is starting to look a...
  • Opinion: The far right fears Jeb Bushs success

    02/23/2015 12:18:41 PM PST · by 2ndDivisionVet · 60 replies
    Market Watch ^ | February 23, 2015 | Paul Brandus, White House bureau chief, West Wing Reports
    One of the more memorable moments during the last presidential campaign was a GOP debate in August, 2011. Foxs Bret Baier asked the eight candidates if they would agree to $1 in new taxes for every $10 in spending cuts. Not one person raised his (or her) hand. Ronald Reagan, George H.W. Bush, and Richard Nixonall tax hikers at one point or another during their presidencieswould have raised their hands, and might have been booed off stage. Thats how much the Republican party has changed. Which brings us to Jeb Bush. During his eight years as governor of Florida (1999-2007),...
  • High-income Americans pay most income taxes, but enough to be fair?

    10/18/2015 2:15:59 PM PDT · by expat_panama · 9 replies
    Pew Research Center ^ | March 24, 2015 | Drew DeSilver
    Americans dont much like the federal tax system, a recent Pew Research Center report finds. But its not, as you might imagine, because they think they pay too much. Rather, they think people other than themselves dont pay their fair share.Some six-in-ten Americans in the Pew Research survey said they were bothered a lot by the feeling that some wealthy people and some corporations dont pay their fair share. Only 27% cited their own tax bills as something that bothered them a lot, even though 40% thought they paid more than their fair share given what they get from...
  • Trump Tax Plan: Pros and Cons

    10/05/2015 7:14:08 AM PDT · by Sean_Anthony · 9 replies
    Canada Free Press ^ | 10/05/15 | Nelson Hultberg
    Challenging the liberal principle of social egalitarianism, which idealizes "equal results" instead of "equal rights." Donald Trump has shaken up todays craven political establishment like Tom Paine shook up the Tories of colonial America. He has irreverently proposed genuine solutions to the invasion of illegals. He has attacked the poltroons of Washington and the talking heads of the media. He speaks rudely and boldly. The question now is, has he also been daring enough to put forth a bold tax reform plan? The answer is yes and no. Trumps tax plan has numerous great features, but it also has one...
  • Donald Trump: Tax the Rich More

    08/28/2015 12:18:58 PM PDT · by z taxman · 170 replies
    CNN ^ | Aug. 28, 2015 | Heather Long
    Donald Trump is finally showing us more of his economic plan beyond the "Make America Great Again" slogan on his red hat. America has now learned: -- He wants to tax the rich more and the middle class less. -- He wants to lower corporate taxes. -- He wants to cut government spending and stop raising the debt ceiling. "The hedge fund people make a lot of money and they pay very little tax," Trump said in an interview Wednesday with Bloomberg. "I want to lower taxes for the middle class." In short, Trump is willing to raise taxes on...

    08/22/2015 4:25:30 PM PDT · by Hojczyk · 67 replies
    Breitbart ^ | August 22, 2015 | IAN HANCHETT
    16 Republican presidential candidate Donald Trump declared, I think flat tax is okay on Fridays broadcast of the Matt Murphy Show on Birmingham, ALs WAPI. Trump said, Who knows taxes better than me? He continued, You know, when they talk about fixing the tax, its so complicated, that people have to go and use H&R Block to do a $50,000 a man who makes $50,000 has to spend money . Host Matt Murphy then cut in to ask Trump if he supports the fair tax. Trump answered, Well, I think fair tax is okay. And I think flat tax...

    08/11/2015 6:05:11 AM PDT · by Hojczyk · 66 replies
    Breitbart ^ | August 11, 2015 | by IAN HANCHETT
    Republican presidential candidate Donald Trump stated that on taxes he supports, simplifying the tax code and wants to reduce taxes on Tuesdays broadcast of the Fox News Channels Fox & Friends. Although, he later added on CNNs New Day that I know exactly what I want to do, I just dont want to announce it yet. Asked about his tax plan, Trump said, You have so many plans Steve, and you have the Fair Tax, and you have the flat tax, and you have the current system, but its too complicated. Frankly, what we should do isstart it off by...
  • Will Donald Trump steal the thunder on tax reform and expose establishment candidates?

    07/12/2015 6:56:10 PM PDT · by JOHN W K · 28 replies
    7/12/15 | johnwk
    Now that Donald Trump has the American Peoples attention, will he support tax reform which will end the nefarious and slavish socialist experiment allowing Congress to lay and collect taxes calculated from profits, gains salaries and other lawfully earned incomes? Will he work for real tax reform and move us to a federal tax system which taxes consumption as our founders intended? Carly Fiorina was correct when she said about our current system The complexity and lack of transparency only benefits the powerful and connected while crushing small businesses and innovation. The result is crony capitalismbecause only big businesses can...
  • Greenmail: Income Tax, Flat Tax, or, No Tax?

    06/22/2015 12:05:54 PM PDT · by Sean_Anthony · 6 replies
    Canada Free Press ^ | 06/22/15 | Gary Hunt
    Washington, D.C. gets back nearly six times, per capita, what it contributes For those who believe that the federal government should tax us, either by income tax or a fair tax, or any other direct means of taxation, must understand that doing so only creates socialism among the states (taking from one to give to another), as the following table shows (A more complete table can also be found at Tax Foundation Special Report No. 158, Federal Tax Burdens and Spending by State). The table is from 2005 (I havent found a newer one, yet), so I would suppose that...
  • Rand Paul: "Blow Up the Tax Code and Start Over"

    06/17/2015 7:23:05 PM PDT · by DugwayDuke · 17 replies
    Wall Street Journal ^ | 18 Jun 2015 | Rand Paul
    Don't know if the link will work for you since it's probably behind a pay for usage wall. In summary, Rand Paul, in a Wall Street Journal Opinion tomorrow, will propose a complete rework of the federal tax code. Quote: "My tax plan would blow up the tax code and start over. In consultation with some of the top tax experts in the country, including the Heritage Foundations Stephen Moore, former presidential candidate Steve Forbes and Reagan economist Arthur Laffer, I devised a 21st-century tax code that would establish a 14.5% flat-rate tax applied equally to all personal income, including...
  • The Dreaded T word, "Tariff" and the only way a Tariff will work. ~Vanity

    06/17/2015 11:33:17 AM PDT · by GraceG · 64 replies
    There has been a lot of talk lately about Tariffs and peopel wanting to implement larger Tariffs in order to boost domestic production and employment. But here is the sticking point, and that is the definition of the Word Tariff. A tariff is a tax on imports or exports IS A TAX. And like all taxes it does follow certain rules of thumb and behaviors and one of those is the "laffer curve", which means if you raise a Tariff too high it will have the opposite effect of what any other tax would have. Also if raised too high...
  • Fox News Turns On Mike Huckabee And Tries To Kill His Presidential Campaign

    05/24/2015 2:27:39 PM PDT · by 2ndDivisionVet · 47 replies
    PoliticusUSA - Real Liberal Politics ^ | May 24, 2015 | Jason Easley
    Fox News has decided that Mike Huckabee should not be the Republican nominee, so Chris Wallace went on the attack against Huckabees flat tax plan on Fox News Sunday. Video: (VIDEO-AT-LINK)CHRIS WALLACE: You want to abolish the income tax. You want to abolish the IRS and create a fair tax, which as you say is a national sales tax, but critics say the problem with that is that its too regressive. The Tax Policy Center said this, that the average rate for the lowest income group would exceed 33% while the average rate for the top group would fall to...
  • Cruz promises detailed tax plan 'soon'

    05/15/2015 6:57:51 PM PDT · by 2ndDivisionVet · 44 replies
    ATHENS, Ga. Presidential candidate Ted Cruz said Friday that he will release in the coming weeks details of his promised "simple, flat tax" to replace existing graduated income tax rates. But the Texas senator told the Associated Press that he's still not decided on key details, such as whether a flat tax would also replace payroll taxes and taxes on investment income....
  • Ben Carson touts a flat tax plan that even the poor would pay

    05/10/2015 3:21:22 PM PDT · by 2ndDivisionVet · 85 replies
    McClatchy DC ^ | May 10, 2015 | William Douglas
    Republican presidential candidate Ben Carson Sunday touted a flat tax plan that he says even the nations poor would pay if hes elected. Speaking on "Fox News Sunday," Carson said its "very condescending" to think that poor people cant pay taxes at the same flat rate as wealthier Americans. Carson said he got the idea for his plan he calls it a proportional tax from tithing in the Bible. Using a 10 percent rate as an example, Carson said "You make $10 billion a year, you pay $1 billion. You make $10 a year, you pay one dollar."...
  • Flat tax makes 2016 comeback [Ted Cruz, Rand Paul both floating it in their campaign]

    04/22/2015 1:45:36 PM PDT · by SeekAndFind · 17 replies
    The Hill ^ | 04/22/2015 | By Bernie Becker
    The flat tax is back. Sens. Ted Cruz (R-Texas) and Rand Paul (R-Ky.) have both floated an across-the-board tax rate as they've launched their 2016 presidential bids. Neither Cruz nor Paul has spelled out the exact details of their plan, but both senators clearly see the flat tax as a way to appeal to both free-market conservatives that advocate for broad-based tax cuts, and the Tea Party sympathizers concerned with government intrusion. Moving to a simple flat tax and just padlocking the IRS I think that is a powerful populist issue, Cruz said Friday on The Adam Carolla Show....
  • What liberals could learn from Ted Cruzs flat tax

    03/30/2015 11:38:54 AM PDT · by 2ndDivisionVet · 51 replies
    Vox ^ | March 30, 2015 | Dylan Matthews
    Ted Cruz has developed a reputation as the most conservative of the major 2016 Republican presidential candidates, but he hasn't taken many specific policy positions to earn that moniker. One exception? His longtime support for a flat tax. The flat tax dramatically lowers the top tax rate and exempts capital gains and dividends from taxation. It's astonishingly regressive: the rich pay far less, hedge fund managers and private equity types like Mitt Romney would pay literally nothing, and while the exact rate varies from plan to plan, it's certainly not going to be as low as 10 or 15 percent,...
  • (Washington Post Wonkblog) Ted Cruzs flat tax couldnt even work in your imagination

    03/25/2015 8:02:56 AM PDT · by SeekAndFind · 52 replies
    Washington Post Wonkblog ^ | 03/25/2015 | Matt O' Brien
    Imagine there's no IRS. It isn't hard to do. No Obamacare to pay for. And no budget deficits too. Imagine all the people, living with a flat tax. You may say Ted Cruz is a dreamer, but he's not the only one. He hopes some dayespecially if you live in Iowayou'll join him, and, well, he'll be president. That, at least, was the message during his announcement, oddly redolent of John Lennon, that he's officially seeking the highest office in the land. It was a conservative wish list to not only repeal the 21st century, but the 20th, too. About...
  • The Lee-Rubio tax blueprint

    03/18/2015 12:48:39 PM PDT · by Tolerance Sucks Rocks · 22 replies
    The Washington Times ^ | March 17, 2015 | Allen West
    Republican Sens. Mike Lee of Utah and Marco Rubio of Florida have released a blueprint for federal tax reform called The Economic Growth and Family Fairness Tax Plan. First, we should not embrace the language of progressive socialism in believing tax reform should have as a goal to advance family fairness. The plan should simply be entitled The American Growth and Opportunity Plan. That said, the Lee-Rubio plan is a great improvement over the current system. For the individual tax structure, the plan introduces a two-tier system to replace the current seven tax brackets. This plan moves America from a...
  • What Scott Walker Actually Said (There was more to that dinner than Rudy Giuliani)

    02/21/2015 1:05:15 AM PST · by Cincinatus' Wife · 76 replies
    National Review Online ^ | February 20, 2015 | Larry Kudlow
    Yes, believe it or not, Wisconsin governor Scott Walker actually spoke at some length at the dinner this past week where Rudy Giuliani charged that President Obama doesnt love America. All the hullabaloo went to Giuliani, but in terms of the Republican presidential race, a number of Scott Walkers pointed comments about policy and politicians are not to be missed. First a word about the dinner itself, which was generously backed by John Catsimatidis. It was the second event sponsored by the Committee to Unleash American Prosperity, a new group founded by Arthur Laffer, Steve Moore, Steve Forbes, and myself....
  • Ted Cruz's Best Idea Yet: Reform Taxes And Abolish IRS

    01/15/2015 7:13:15 PM PST · by 2ndDivisionVet · 44 replies
    Investor's Business Daily ^ | January 15, 2015 | Editorial Staff
    Tax Reform: Texas Sen. Ted Cruz, a possible Republican presidential candidate in 2016, might have hit on the most important fiscal issue facing the U.S.: the need for major tax reform. But he takes it a step further. Speaking Monday, the senator from Texas threw another thunderbolt: Republicans should use their control of Congress to get rid of the Internal Revenue Service. "We need to pass fundamental tax reform making our tax code simpler, flatter, fairer," he told a crowd at a Heritage Foundation event. "And I'll tell you, the single most important tax reform, we should abolish the IRS."...
  • Tax Loopholes Need To Be Closed [ Ok! Close All Loopholes- GO FLAT TAX! ]

    07/15/2011 4:03:09 PM PDT · by NoLibZone · 23 replies ^ | July 15 2011 | /
    A term new to most Americans, "tax expenditures," is being bandied about in Washington as Congress and President Barack Obama discuss ways to bring the federal budget closer to balance. In many discussions it is used interchangeably with a more familiar word, "loopholes." President Obama has been gaining a certain amount of political traction by urging elimination of many loopholes. He and liberals in Congress prefer to focus attention on tax breaks for big corporations and "the rich." That last needs to be qualified by noting that under one of the president's proposals, families earning $250,000 or more a year...
  • 62 Percent of Americans Say They Favor a Flat Tax

    04/19/2014 11:09:17 AM PDT · by SeekAndFind · 48 replies
    REASON ^ | 04/19/2014 | Emily Ekins
    The latest Reason-Rupe poll asked Americans if they would support or oppose changing the federal tax system to a flat tax, where everyone pays the same percentage of his or her income, finding that 62 percent favor the flat tax and 33 percent are opposed. When asked where they would set the flat tax, the aveage response was 15 percent.This reflects another recent Reason-Rupe poll finding that 67 percent of Americans say it is "not the responsibility of the government to reduce the differences in income between people with high incomes and those with low incomes," while 29 percent...
  • Some Good News on Tax Reform (if You're a Fan of the Flat Tax)

    04/19/2014 5:58:27 AM PDT · by Kaslin · 11 replies ^ | April 19, 2014 | Daniel J. Mitchell
    Im ecumenical on tax reform. Ill support any plan that rips up the internal revenue code and instead lowers tax rates, reduces double taxation, and cuts out distorting loopholes. And as I explain in this interview, both the flat tax and national sales tax have a low tax rate. They also get rid of double taxation and they both wipe out the rats nest of deductions, credits, exclusions, preferences, and exemptions. Dan Mitchell Commenting on the Obstacles to Tax Reform for Blaze TV Youll notice, however, that I wasnt very optimistic in the interview about the possibility of replacing the...
  • Carney Suggests Republicans are like Racists

    04/08/2014 3:29:57 PM PDT · by don-o · 20 replies
    White House Dossier ^ | April 8, 2014 | Keith Koffler
    President Obama and his aides are up to their usual deeply unpresidential vitriol, suggesting evil motives on the part of Republicans for opposing Obamas agenda. White House Press Secretary Jay Carney today compared Republican opponents of the Paycheck Fairness Act to conservatives who fought civil rights legislation. Carney spoke today at the White House briefing: "Republicans object to this strenuously using the same arguments that conservatives used when they objected to very bit of progress made on civil rights for women and minorities over the past many decades. And they were wrong then, and they are wrong now." Actually, Republicans...
  • Lone Female Democratic Governor Celebrates #EqualPayDay

    04/08/2014 3:25:46 PM PDT · by smoothsailing · 8 replies
    Washington Free Beacon ^ | 4-8-2014 | Andrew Stiles
    Lone Female Democratic Governor Celebrates #EqualPayDay Andrew Stiles // April 8, 2014 5:01 pm New Hampshire Gov. Maggie Hassan (D), fourth from left. New Hampshire governor Maggie Hassan (D) celebrated “Equal Pay Day” on Tuesday: Governor Hassan Proclaims Equal Pay Day, Urges Support for New Hampshire Paycheck Fairness Act— Gov. Maggie Hassan (@GovernorHassan) April 8, 2014 Of the 21 Democratic state governors, Hassan is the only woman. From the Democratic Governors Association website:There are four times as many female Republican governors:Women are amazing. Why do Democrats hate them so much?
  • Bill Gates Is Half-Right about Tax Reform

    03/21/2014 11:30:11 AM PDT · by Kaslin · 12 replies ^ | March 21, 2014 | Daniel J. Mitchell
    I generally get very suspicious when rich people start pontificating on tax policy. People like Warren Buffett, for instance, sometimes advocate higher taxes because theyre trying to curry favor with the political elite. Or maybe they feel compelled to say silly things to demonstrate that they feel guilty about their wealth. Regardless, I dont like their policy proposal (as you can see from TV debates here and here). That being said, I also realize that stereotypes can be very unfair, so its important to judge each argument on the merits and not to reject an idea simply because it comes...
  • Steve Forbes on the The Tax Code: Make It Flat

    03/10/2014 7:06:10 AM PDT · by SeekAndFind · 14 replies
    Forbes ^ | 03/09/2014 | Steve Forbes
    If Republicans and pro-growth Democrats had their wits about them, they would push the flat tax. The need for a simple flat tax was underscored recently by the comprehensive tax reform plan released by the outgoing chairman of the House Ways & Means Committee, Dave Camp (RMich.). The chairman decided to work with the existing tax code and has attempted to change this monster into something that encourages more economic growth. He deserves all the plaudits possible for his heroic effort. THE GOOD, THE BAD Under Camps plan tax rates for individuals and corporations would be reduced; the hideous...
  • Conservative firebrand Ted Cruz launches political convention with crowd-pleasing demand(X IRS)

    03/06/2014 12:16:44 PM PST · by Texas Fossil · 29 replies
    Mail Online ^ | updated: 14:16 EST, 6 March 2014 | David Martosko
    Ted Cruz, the rock-ribbed conservative Texas senator who figures to be a factor in the 2016 U.S. presidential election, told thousands of conservatives Thursday morning that the IRS should go the way of the dodo. 'We need to abolish the IRS,' he said, calling instead for a flat income tax rate and a user-friendly tax return that can be filed on a postcard. That verbal gauntlet, thrown as much at a near-century of tax collection as at the Obama administration, was Cruz's biggest applause line.
  • Underwhelmed: Grading the New Tax Reform Plan

    02/28/2014 9:19:07 AM PST · by Kaslin · 1 replies ^ | February 28, 2014 | Daniel J. Mitchell
    To make fun of big efforts that produce small results, the famous Roman poet,Horace, wrote The mountains will be in labor, and a ridiculous mouse will be brought forth. That line sums up my view of the new tax reform plan introduced by Congressman Dave Camp, Chairman of the House Ways & Means Committee. To his credit, Congressman Camp put in a lot of work. But I cant help but wonder why he went through the time and trouble. To understand why Im so underwhelmed, lets first go back in time. Back in 1995, tax reform was a hot issue....
  • Colorado Taxpayers Reject Tax Increases, Choose Growth

    11/07/2013 1:56:29 PM PST · by ThethoughtsofGreg · 4 replies
    American Legislator ^ | 11-7-13 | Ben Wilterdink
    On Tuesday a ballot measure to raise income taxes on Coloradans to raise funds for increased education spending failed. In fact, the measure, Amendment 66, didnt just failit went down in flames. The measure was defeated by a 32 percent margin. This major defeat was in spite of the fact that the measures backers outspent the opponents by a large margin, raising $10 million to support the initiative, including a $1 million each from New York Mayor Michael Bloomberg and Bill and Melinda Gates. Amendment 66 would have eliminated Colorados flat rate income tax of 4.63 percent in favor of...
  • Obama Advocates Higher Unemployment for Lower-Skilled Workers

    11/07/2013 1:56:15 PM PST · by Kaslin · 10 replies ^ | November 7, 2013 | Daniel J. Mitchell
    Perhaps because he wants to divert attention from the slow-motion train wreck of Obamacare, the President is signalling that he will renew his efforts to throw more people into the unemployment line. Needless to say, thats not how the White House would describe the Presidents proposal to increase the minimum wage, but thats one of the main results when the government criminalizes certain employment contracts between consenting adults. To be blunt, if a worker happens to have poor work skills, a less-than-impressive employment record, or some other indicator of low productivity that makes them worth, say, $7.50 per hour, then...