Posted on 04/17/2015 4:54:11 PM PDT by kingattax
Glenn Beck on Tuesday said the tax reform plan proposed by Senator Marco Rubio (R-Fla.) is “bizarre” and an “absolute jobs killer.” Rubio announced he will be running for president in 2016, and Beck said his tax plan is so bad, Americans may as well “just vote for Barack Obama again.”
According to Politico, Rubio’s plan is designed to “reward families with children while slashing levies on business and investment income but keeping a top rate personal income rate of 35 percent, far higher than many Republicans would like.”
Though 35 percent is a slight cut from the current top rate of 39.6 percent, Politico noted that because it could apply to incomes as low as $75,000, Rubio’s plan could actually represent a tax hike for anyone making over $75,000.
“You think, ‘OK, this guy will be small government. Low taxes. He will be the man,’” Beck said on his radio program. “Not so much.”
(Excerpt) Read more at theblaze.com ...
Liberty University offered Cruz their teleprompters for his 45 minute speech. He declined, saying “You can send them to Obama as a going-away present.”
So Cool! I hadn’t heard that.
someone wants to actually address the tax system?
ok.
the facts (2014):
- gross domestic product: $17.5 trillion
- federal spending: $3.5 trillion
- annual budget of the IRS: $11.2 billion
if we want to solve the problem, along with reducing spending, we also need to remove the engine of big govt.
first step would be to restructure the IRS from an organization that taxes 330m people into an organization that overseas the tax debt of 50 states. this would radically cut the complexity of the organization, reducing the cost significantly.
the next step would be to define the process and amounts owed by the states. the amounts are simple, as it is outlined in the Constitution. each state would owe a percentage of the federal budget, that percentage based on the size of the population of the state compare to the population of the country.
how taxes are collected would be entirely up to the state. flat tax, fair tax, sales tax, progressive tax, whatever they want. it’s up to the state to deliver the amount specified however the collect it. if they choose a system the people don’t like, the people have the ability to move to another state... which would lessen the burden on that state as it’s tax method drives people out.
keep in mind, this would also change corporate taxes as they would now be up to the state. i would predict any state that eliminated corporate tax would see an influx of corporate workers (as the taxes would be based on the corporate footprint in the state, not on where it’s based)
doing something this simple would have far reaching consequences for the power of the states and the relationship between the state and the fed. i see this as the first step in solving the problem of big govt
FNC is always in the tank for whoever and whatever the GOPe tells them to be in the tank for.
Cutting business and capital taxes is precisely the way to encourage economic growth. Rubio's plan, no matter what you might think of him otherwise, is plain, good old-fashioned common sense.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.