Sounds like fantasy.
Very dangerously, he uses a VAT to somewhat counter the income tax reductions—which sets us up for a Euro-style pervasive tax state.
I read Cruz' tax plan on his web site, and while he has a 16% flat corporate tax rate vs the current rate of 35%, there is NO Value Added Tax {VAT} anywhere in his plan.
Where did you get the idea that a VAT is part of his plan?
Yes, this is a huge problem. I generally like Cruz, but anyone who suggests a VAT sets of really loud alarm bells.
I have to suspect he sees it as the only way to get the budget under control. I think he’s wrong.