Posted on 10/05/2014 9:30:41 PM PDT by 2ndDivisionVet
The tax reform plan from Sens. Mike Lee and Ted Cruz could turn out to be a big deal for Republicans.
Essentially, the plan sets just two rates for income tax - 15% and 35%. It also raises the child tax credit by $2,500 from $1,000 to $3,500. It also reforms corporate imcome taxes.
The Week's Pascal-Emmanuel Gobry says the next Republican to win the White House will have a tax plan very similar to this one, which focuses on building the middle class.
Here are two Tea Party senators, one of whom is thought to be a strong candidate for the GOP's presidential nomination, saying that the Republican Party should stop focusing on cutting top income tax rates and instead focus on helping middle-class families. The plan cuts tax rates a little bit, but most of its "bang" is for middle-class families..."(continued)
(Excerpt) Read more at utahpolicy.com ...
Rubio is trying to raise his profile as a “conservative” and this gives the appearance of Lee helping.....
Glad Cruz was not involved in this insulting bypass of Congressional Debate vote grabbing scheme.
Rubio has learned nothing about the damage done by-passing Regular Congressional Order.
BTW, 35 % of an 8 hour work day is 2 hours and 48 minutes.
On a yearly basis, that is 2 hours and 48 minutes working EVERY DAY for a bloated Federal Government.
BTW, BTW, what, if anything, did they plan to cut year-to-year spending on?
The Limousine Liberals have a bobble head for them Limos!
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