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Keyword: flattax

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  • E.J. Dionne: In American politics, stupidity is the name of the game (Need to Tax the rich more)

    07/29/2010 7:42:56 AM PDT · by SeekAndFind · 21 replies
    Washington (Com)Post ^ | 07/29/2010 | E.J. Dionne Jr.
    Can a nation remain a superpower if its internal politics are incorrigibly stupid? Start with taxes. In every other serious democracy, conservative political parties feel at least some obligation to match their tax policies with their spending plans. David Cameron, the new Conservative prime minister in Britain, is a leading example. He recently offered a rather brutal budget that includes severe cutbacks. I have doubts about some of them, but at least Cameron cared enough about reducing his country's deficit that alongside the cuts he also proposed an increase in the value-added tax, from 17.5 percent to 20 percent. Imagine:...
  • "The Forgotten History of the Federal Income Tax"

    04/25/2016 8:41:36 AM PDT · by Oldpuppymax · 17 replies
    The Coach's Team ^ | 4/25/16 | Susan Frickey
    The Congress shall have power to lay and collect taxes on incomes, from whatever source derived, without apportionment among the several States, and without regard to any census or enumeration. The 16th Amendment, Ratified 1913 The birth of the income tax! Prior to 1913, the constitutionally limited responsibilities of the federal government were generally covered by import tariffs. Occasionally, temporary taxes were imposed to pay for wars, but were to be apportioned by the states and could not be direct, personal taxes, according to the Constitution in Article I, sections 2 and 9. W. Cleon Skousen wrote a very...
  • NBC Pushes Trump to the Left on Transgender Bathrooms, Abortion, Taxes

    04/21/2016 10:27:35 AM PDT · by TexasCajun · 64 replies
    NewsBusters.org ^ | April 21, 2016 | Kyle Drennen
    Trump acknowledged that he had a feeling that question was going to come up and proceeded toe the liberal line of political correctness: Well, look, North Carolina did something that was very strong and they're paying a big price and there's a lot of problems....People go, they use the bathroom that they feel is appropriate. There has been so little trouble. ... Fellow co-host Savannah Guthrie turned to the subject of abortion: The Republican platform, every four years, has a provision that states that the right of the unborn child shall not be infringed. And it makes no exceptions for...
  • Harvard Law activists demand free tuition as a matter of racial justice

    04/20/2016 2:38:23 PM PDT · by PROCON · 43 replies
    washingtontimes ^ | April 20, 2016 | Jessica Chasmar
    A group of Harvard Law School activists are demanding the graduate school do away with tuition fees, which they argue are racially biased. Members of the group Reclaim Harvard Law School published an open letter Sunday addressed to Law School Dean Martha L. Minow and members of the Harvard Corporation the Universitys highest governing body demanding an end to tuition costs that they argue impose an unfair financial burden on students of color, The Harvard Crimson reported. Tuition at the law school will rise to $59,550 for the 2016-2017 academic year, and students are graduating with an average...
  • There's an even better solution to poverty than a $15 minimum wage (Basic universal income)

    04/20/2016 2:16:51 PM PDT · by 2ndDivisionVet · 33 replies
    Tech Insider ^ | April 20, 2016 | Chris Weller
    Bernie Sanders and Hillary Clinton spent a great deal of time debating the merits of raising the minimum wage at the last Democratic debate on April 14. Sanders, ever the radical, stood behind the popular $15 minimum wage figure that will soon take hold in California and New York. Clinton, who's long pushed for $12, updated her position in support of $15 figure. Both could be misguided. While raising the minimum wage does make sense on paper working people need to make more to survive than they can on today's minimum wage, so we should give them more money...
  • 45% of Americans pay no federal income tax

    04/18/2016 1:50:30 PM PDT · by george76 · 49 replies
    MarketWatch ^ | Apr 18, 2016 | Catey Hill
    An estimated 45.3% of American households roughly 77.5 million will pay no federal individual income tax ... The top 1% of taxpayers pay a higher effective income-tax rate than any other group (around 23%, according to a report released by the Tax Policy Center in 2014) nearly seven times higher than those in the bottom 50%. On average, those in the bottom 40% of the income spectrum end up getting money from the government. Meanwhile, the richest 20% of Americans, by far, pay the most in income taxes, forking over nearly 87% of all the income tax...
  • Why Tax Reform Is Forever Doomed

    04/18/2016 9:06:11 AM PDT · by SeekAndFind · 33 replies
    RCM via Washington Post ^ | 04/18/2016 | Robert Samuelson
    WASHINGTON - Almost everyone agrees that America's income tax is too complex. Considering this, you might expect that simplifying the income tax would be a slam dunk. Sure enough, the various presidential candidates have proposed sweeping overhauls. But any agreement is mostly rhetorical. The odds that the next president, whoever it be, will engineer genuine tax simplification are negligible. On this Tax Day, it's worth pondering why. Make no mistake: I think we'd be better off with a simpler system. By this, I mean a system with a broader tax base and lower rates. I'd eliminate most tax preferences and...
  • Why Ted Cruzs VAT really is a VAT

    04/15/2016 10:56:53 PM PDT · by Hanna548 · 253 replies
    American Enterprise Institute ^ | 01/15/16 | James Pethokoukis
    Make no mistake here. Cruz is proposing a VAT add-on to the existing personal income tax system.
  • Even an Incompetent Bureaucrat Has a Great Idea Once in a While

    04/15/2016 6:43:54 PM PDT · by writer33 · 22 replies
    Conservative Review ^ | 04/15/16 | Joshua Withrow
    If youve ever paid taxes, you probably agree that the tax code is entirely too complicated. To that end, you would probably also enjoy having a simple, easy-to-understand one-page form that you can fill out in about ten minutes and be done with your taxes. For what its worth, the Tax Man agrees with you. I dont have many nice things to say about IRS Commissioner John Koskinen (in fact, Congress should impeach him), but when asked at a Congressional hearing this week about the flat tax, this was his response: Clearly, if you had a two-page form or a...
  • Mad At Corporate Tax Dodgers? Blame Democrats

    04/15/2016 4:21:02 AM PDT · by IBD editorial writer · 9 replies
    Investor's Business Daily ^ | 4/14/216 | Staff
    Tax Reform: The left is aghast that more than 20% of large, profitable corporations paid zero income taxes. But its the Democrats own tax policies that have created this odd situation.
  • Steve Forbes: Obama Ratchets Up War on Private Sector

    04/15/2016 3:33:34 AM PDT · by HomerBohn · 15 replies
    News Max ^ | 4/14/2016 | R. Williams
    President Barack Obama is making sure that his administration spends its last days in power by piling on more rules and regulations on private industry, and Republicans have failed to push back. Thats the message from publisher Steve Forbes in a magazine editorial published on its website. The Obama Administration has let it be known that the White House and the regulatory agencies will be issuing a blizzard of new rules and decrees in the waning months of his miserable regime, Forbes writes. These will affect overtime, unionization, the environment and finance, among other areas, thereby hobbling enterprise even more....
  • David Cameron should 'resign immediately' after admitting he trousered profits from Dad's...

    04/07/2016 6:13:57 PM PDT · by SunkenCiv · 29 replies
    Mirror UK ^ | Thursday, April 7, 2016 | Mikey Smith , Jack Blanchard
    MPs have called for the Prime Minister to 'resign immediately' after being 'less than honest' about profiting from his Dad's offshore firm. MPs have demanded David Cameron's immediate resignation, after being "less than 100% honest" about profiting from his father's offshore fund. The Prime Minister finally cracked tonight after days of dodging questions over whether he had personally profited from his late father Ians investment firm, which was based in a tax haven in the Bahamas. He admitted owning thousands of shares with wife Sam which he flogged for 30,000 just weeks before he became Prime Minister.
  • Senate Dem: National debt is not 'a threat to our country'

    04/07/2016 3:49:49 AM PDT · by kevcol · 35 replies
    The Washington Examiner ^ | April 6, 2016 | Joel Gehrke
    Senate Democrats on Wednesday couldn't agree that federal debt is a national security problem, in a hearing aimed at assessing the long-term strategic implications of the government's $19 trillion debt. "A realistic discussion about it, and accepting expert opinion that this debt that we have is not actually right now a threat to our country, is I think a more realistic and honorable way of talking to the American people about it," Sen. Ed Markey, D-Mass., said during a Senate Foreign Relations Committee hearing on Wednesday. That surprised committee chairman Bob Corker, who concluded the hearing by describing such views...
  • Russia flexes Central Asia military might amid Afghan fears

    05/17/2015 4:09:32 AM PDT · by Paid_Russian_Troll · 18 replies
    AFP/Yahoo ^ | Akbar Borisov with Chris Rickleton in Bishkek
    Russia has deployed hundreds of troops for drills in Central Asia with its ex-Soviet allies in a show of force as anxiety grows over a surge in fighting in neighbouring Afghanistan. Around 2,500 personnel from the Russian-led Collective Security Treaty Organisation (CSTO) are taking part in joint exercises due to run to Wednesday in Tajikistan. The move is seen as re-enforcing Moscow's role as the main guarantor of the fragile region's security after US troops leave Afghanistan. The Russian deployment of about 500 troops for the drills started last week, bolstered by soldiers from Tajikistan, Kazakhstan, Kyrgyzstan, Armenia and Belarus....
  • Why Is America Richer than Kazakhstan, and Why Has Estonia Surpassed Croatia?

    05/04/2015 9:12:26 AM PDT · by Kaslin · 6 replies
    Townhall.com ^ | May 4, 2015 | Daniel J. Mitchell
    Even small differences in economic growth make a big difference to living standards over time. I frequently share this chart, which highlights how long it takes to double economic output based on different growth rates. I also use real-world examples to show how some nations become much richer than other nations within just a few decades because of better policy and faster growth.Here’s another way to approach the issue. Let’s use a hypothetical example to reinforce the importance of growth. If we went back to 1870 and assumed our economy’s nominal growth rate was one percentage point slower than it...
  • Russian Federation Stirring pro-Russian Separatism in the Republic of Kazakhstan

    04/04/2016 7:19:17 AM PDT · by Leo Carpathian · 11 replies
    InformNapalm ^ | 04/04/2016 | Falcon Bjorn
    The political and military environment in Kazakhstan is deteriorating due to the efforts of pro-Russian activists. The activities of pro-Russian movements in Kazakhstan indicate a tremendous growth of the threat to the acting authority, which emerged in the last 18 months. Currently, Kazakhstan is ready for the repeat of the Crimean scenario. It could be triggered by domestic problems in the Russian Federation or a sudden change in the state regime of Kazakhstan. Such threats to Kazakhastan are driven both by its citizens, who are coming home having obtained combat experience in Donbas region, and the increased activities of Cossack...
  • The Income Tax: Root of all Evil

    04/04/2016 7:08:53 AM PDT · by Taxman · 60 replies
    von Mises Institute ^ | 1954 | Frank Chodorov
    The Income Tax: Root of all Evil by Frank Chodorov Foreword THIS WAS, to be sure, "the home of the free and the land of the brave." Americans were free simply because the government was too weak to intervene in the private affairs of the people it did not have the money to do so and they were brave because a free people is always venturesome. The obligation of freedom is a willingness to stand on your own feet. The early American wanted it that way. He was wary of government, especially one that was out of his reach. He...
  • Cruz Plan: VATs Help Trade but Invite Corruption [aw!m vanity]

    04/04/2016 6:38:51 AM PDT · by Arthur Wildfire! March · 15 replies
    Cruz addresses a major reason for our trade deficit. However ... If something confuses people? It invites corruption. A handy rule of thumb in government. Are VATs confusing? Very. ~~~ Even explaining a VAT* is tough because there are many different kinds. Some alleged VATs aren't even VATs according to many. But I'll break it down into two categories: 1. A good VAT. 2. A bad VAT. ~~~ A Good VAT Senator Cruz proposes 'turning the tables' on Europe and other nations which are sneaking money back to corporations which give them jobs. In the nutshell, a good 'VAT' is...
  • Trump doubles-down on allies paying more for US protection, vows to repeal ObamaCare

    04/03/2016 6:10:02 PM PDT · by Innovative · 53 replies
    Fox News ^ | April 3, 2016 | Fox News
    Republican presidential candidate Donald Trump doubled-down Sunday night on his comments that the US should do a better deal with Japan, South Korea and other allies, saying they should pay more for Americas protection while taking a greater role in their defense including building their own nuclear weapons "If you start raising that minimum wage, you're going to make a lot of our companies even more non-competitive," he said. Trump also delved into his plans to change the nation's tax code by "simplifying" it. He also renewed his promise to repeal ObamaCare though he again wouldnt offer specifics...
  • IRS Commissioner Admits Defeat - Due To Budget Squeeze IRS Now Poised To Lose $5 Billion Per Year

    03/26/2016 2:01:17 PM PDT · by Kid Shelleen · 59 replies
    Forbes ^ | 03/26/2016 | Josh Ungerman
    Gone are the days of sophisticated tax plans offered by international accounting and law firms to their wealthiest clients which the IRS, with the benefit of hindsight, categorized as tax shelters. So why is Commissioner Koskinen raising the flag upside-down in a signal of distress in March of 2016? Tax practitioners all around the country know exactly why. Too many taxpayers and a handful of unscrupulous tax practitioners are taking advantage of the almost absolute absence of tax enforcement by the IRS. Yes, Joe the plumber and other average taxpayers know that no-one is minding the store. What happens when...
  • Ted Cruz May Have Just Stepped into a Fight That Is Dividing NRA Members (Norquist)

    03/18/2016 2:11:01 PM PDT · by 2ndDivisionVet · 59 replies
    The Trace ^ | March 18, 2016 | Mike Spies
    His newest foreign policy advisor, Frank Gaffney, is a key player in the effort to remove Grover Norquist from the organization's board. Ted Cruz named Frank Gaffney his foreign policy advisor on Thursday, a move that threatens to involve the Republican presidential contender in a contentious fight to get the party's most prominent anti-tax advocate kicked off the National Rifle Association's board. Gaffney once worked for President Ronald Reagan's Department of Defense and now runs the Center for Security Policy, a hyper-conservative think tank that promulgates theories about a Muslim Brotherhood conspiracy to infiltrate the U.S. government. The Southern Poverty...
  • Sorry, Republicans, Ted Cruz is Lying About Abolishing the IRS

    03/04/2016 3:21:31 PM PST · by BlackFemaleArmyCaptain · 161 replies
    The Daily Banter ^ | 3/4/2016 | BOB CESCA
    It's America's favorite pander. Pledging to abolish the Internal Revenue Service is only slightly less attractive than promising unlimited, consequence-free sex with the partners of our choice. Nobody likes the IRS, and eliminating it entirely will surely resolve many, many sleepless nights for too many Americans, especially at this time of year. So, it's no wonder why Ted Cruz is promising to abolish the IRS. It's such a crucial aspect of his platform that he mentioned it twice during his Super Tuesday victory speech in Texas because, for middle-aged Republican voters, it's way better fapping material than naked pics of...
  • Why Marco Rubio and Ted Cruz's Tax Plans Generate More Growth than Donald Trump's

    03/04/2016 11:42:01 PM PST · by JediJones · 104 replies
    Tax Foundation ^ | 2/26/2016 | Alan Cole
    ...our model shows more growth from the Rubio and Cruz plans than the Trump plan, even though Trump proposed a larger cut: While Donald Trump largely opted for big rate reductions across the board, Rubio and Cruz made improvements to the structure of taxes, while cutting taxes by less overall. Senators Rubio and Cruz both put thought into the nature of the taxes that businesses pay. They noticed that the current way businesses are asked to calculate taxes creates a bias in the code. When a business builds something new, like, say, a new industrial lathe, that decision actually has...
  • Buffett Rails Against Presidential Candidates Who Talk Down Economy

    02/27/2016 1:19:00 PM PST · by Hojczyk · 24 replies
    OANN ^ | February 27,2016 | Jennifer Ablan and Jonathan Stempel
    Warren Buffett bemoaned the negative drumbeat on the U.S. economy from presidential candidates in his annual Berkshire Hathaway Inc shareholder letter on Saturday, saying they are misleading Americans into believing their children will be worse off than they are. Its an election year, and candidates cant stop speaking about our countrys problems (which, of course, only they can solve), Buffett wrote, italicizing they for emphasis. As a result of their dour outlook on the U.S. economy, many Americans now believe that their children will not live as prosperously as they themselves do, the 85-year-old Buffett said. That view is dead...
  • Mega-donors shy away from fight with Trump

    02/24/2016 5:00:43 AM PST · by McGruff · 42 replies
    POLUTICO ^ | February 23, 2016 | KENNETH P. VOGEL and ISAAC ARNSDORF
    As Donald Trump picks up momentum, the chances of a well-funded assault to block him from the Republican presidential nomination are dramatically dwindling, according to interviews with about a dozen donors and operatives who are appalled by the billionaire real estate showman's campaign. The party's elite donor class has mostly closed its checkbooks to groups dedicated to stopping Trump, while the outfits that have built massive reserves are increasingly deciding to forgo anti-Trump campaigns, despite widespread fears that he is making a mockery of conservatism and could undermine Republicans up and down the ballot. The deepest-pocketed operation on the right,...
  • Trump Lays Out Day One Presidential Priorities — Roll Back Obama Exec Orders, Knock Out ObamaCare

    02/24/2016 10:55:52 AM PST · by BlackFemaleArmyCaptain · 79 replies
    Breitbart ^ | 2/24/2016 | Jeff Poor
    Wednesday on ABC's "Good Morning America," Republican presidential front-runner Donald Trump told co-host George Stephanopoulos some of his first-day priorities should be elected president of the United States. Trump, coming off a win a night earlier in the Nevada Republican Caucus, said rolling back President Barack Obama executive orders, including one dealing with the border and immigration, repealing ObamaCare and taking care of the veterans would be his priorities. "Well, the first thing I'd do is knock out some of the executive orders signed by our president," Trump said. "Especially the one on the border where people are allowed to...
  • Tempers flare at IRS hearing

    02/12/2016 4:25:58 AM PST · by HomerBohn · 18 replies
    The Hill ^ | 2/11/2016 | Naomi Jagoda
    A heated argument erupted Thursday at a hearing on the IRS, with Democrats and Republicans trading charges about the work of the Oversight Committee. Two Democrats on the panel accused their GOP colleagues of repeatedly holding hearings on the IRS for political reasons. In his opening statement, Oversight Committee ranking member Rep. Elijah Cummings (D-Md.) complained that the hearing was the 23rd held about the IRS in recent years. "Unfortunately, Republicans have become obsessed with investigating any and every allegation relating to the IRS, no matter how small," he said. He said Republicans are frustrated that they have never found...
  • Ben Carson Tax Overhaul Includes Flat Rate, End to Top Deductions

    01/04/2016 3:20:59 PM PST · by DoodleDawg · 11 replies
    Wall Street Journal. ^ | 1/4/16 | Richard Rubin
    Republican presidential candidate Ben Carson on Monday called for imposing a 14.9% flat tax rate on income, ending taxes on capital gains and dividends and abolishing the charitable deduction and all tax credits. Mr. Carson’s plan would lower taxes on the wealthiest households, who get much of their income from investments that would go untaxed and from business income now taxed at a top rate of 39.6%. Complete estimates on the distribution of the tax burden and the revenue effect of Mr. Carson’s plan weren’t available on Monday.
  • New 527 to Defend Cruz's Economic Record in Early States

    12/07/2015 7:20:38 PM PST · by JSDude1 · 1 replies
    National Review ^ | December 7, 2015 | Elaina Plott
    As Ted Cruz continues to surge in the polls — he now sits squarely atop the most recent Iowa survey — his campaign is consolidating support from outside groups intent on seeing him sweep the early-voting states. New to that list is the Lone Star Committee, a Texas 527 group readying itself in anticipation of “a slew of fresh attacks on Cruz thanks to his new top-tier status,” according to a press release announcing its founding. Spearheaded by a trio of economic buffs, the Lone Star Committee roots its mission in defending Cruz against critics of his economic agenda, particularly...
  • Significantly Simplifying The U.S. Tax Code, And Other Hopeful Myths

    12/02/2015 8:57:32 AM PST · by Sean_Anthony · 9 replies
    Canada Free Press ^ | 12/02/15 | Bob Christie
    Do you really believe there will be a significant simplification of the U.S. tax code under any not-so-freely elected government? Determining the length of a book is a simple matter . . . just open the back cover and look at the last page for the answer. Not so with the U.S. tax code, apparently. Google the question, “How many pages in the tax code?” Many answers appear. It could be as many as 75,000 pages, or just a few percentage points of that number, depending on who is answering the question and the motive for obtaining your acceptance of...
  • Why Warren Buffett Is a World-Class Con Man

    12/01/2015 10:28:57 AM PST · by Vigilanteman · 13 replies
    InvestmentU.Com ^ | 1 December 2015 | George Everett
    Polls regularly show that investor Warren Buffett is one of the most trusted men in America. What a crock. The man is an imposter, a four-flusher and a humbug. And I can prove it. If you’re skeptical, maybe that’s because - like mushrooms - you’ve been kept in the dark and fed a lot of horse manure. Too many people believe what they hear in the mainstream media. They listen to the lying politicians - that’s 98% of them - in both parties. And they swallow a lot of nonsense from self-styled investment “experts.” (I’ll have a lot more to...
  • 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
    Hannity.com ^ | 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
    TedCruz.org ^ | 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: http://therightscoop.com/ted-cruz-discusses-his-new-simple-flat-tax-plan-with-cnbcs-larry-kudlow/#ixzz3qNHLYve6
  • 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
    TedCruz.org ^ | 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...