Posted on 11/27/2015 7:22:23 PM PST by gwgn02
Art Laffer, famed member of President Reagan’s Economic Policy Advisory Board, has co-authored, with Stephen Moore, an article for Investor’s Business Daily in which they assert that Rand Paul and Ted Cruz have the “best†tax proposals.
Most interesting from the comments, the black ministers supporting Trump. Maybe he will make it. Wonder if they followed the sisters’ instructions and switched to GOP to vote in primaries.
http://www.nytimes.com/politics/first-draft/2015/11/25/black-pastors-expected-to-endorse-donald-trump/
Darrell Scott, the pastor of the New Spirit Revival Center in Ohio, helped organize the coalition of religious leaders and said that after meeting Mr. Trump in person he was convinced that Mr. Trump was the candidate best suited to be president. He also said that the public portrayals of Mr. Trump as a racist and demagogue seemed unfounded after they spoke.
“I was looking for some subtle hints of racism,†Mr. Scott said. “I didn’t see it at all.â€
Mr. Scott, who said he was a registered Democrat who had voted for President Obama, said that he had been impressed by Mr. Trump as a leader and that he liked his ideas for improving the economy. He said that when he closed his eyes and listened to all the candidates, he found Mr. Trump to be the most appealing.
,
Sarah Palin has the best tax plan.
I’ll have to disagree with Laffer.
Both plans include a VAT.
That’s about the only way you could make our tax system worse than it already is.
What? No obligatory picture?
I have full faith and confidence in dfwgator to pull it off.
Art Laffer: Rand Paul and Ted Cruz Have Best Tax PlansNow that's a laugher.
That’s about the only way you could make our tax system worse than it already is.
A VAT is no worse than any other tax. The European implementation of the VAT is criticized because it was imposed on top of the already-existing income tax.
Both of these plans eliminate the corporate income tax. The criticisms of a VAT here are groundless.
“Both of these plans eliminate the corporate income tax. The criticisms of a VAT here are groundless.”
I thought Cruz’s plan had a fairly high business tax? That’s how he funds having a 10% flat tax on individuals. Rand’s I don’t ever remember... something about everyone having skin in the game.
It is worse. It’s hidden. It’s insidious.
Both of these plans eliminate the corporate income tax.I don't know about Rand Paul's tax but the sCruz tax pays for the "eliminated" corporate income tax with a brand new 16% tax called a "business tax" on all businesses.
The new "business tax" has no defined profits because EVERYTHING is taxed including wages paid AKA gross receipts tax.
A small business owner would have to pay 16% of the business gross then pay 10% on top of that for his/her earnings when s/he files individual. Likewise the employee. The business pays 16% of the wages paid, then the employee pays 10% again when/she files. But don't worry, you can itemize your deductions...on a postcard and no IRS to police it either.
The sCruz tax, probably written by his crony capitalist donors, is a small business and jobs killer...He's too stupid to know it.
Rand Paul calls on conservatives to embrace immigration reformLatinos, should be a natural constituency for the party, Paul argued, but "Republicans have pushed them away with harsh rhetoric over immigration." ...he would create a bipartisan panel to determine how many visas should be granted for workers already in the United States and those who might follow... [and the buried lead] "Imagine 12 million people who are already here coming out of the shadows to become new taxpayers...[Posted on 04/21/2013 1:52:42 PM PDT by SoConPubbie]
[but he's not in favor of amnesty, snicker, definition of is is]
All the GOP tax plans look good to us -- though some are admittedly better than others. The danger now is that too many conservatives have formed a circular firing squad and are shooting down nearly all proposals on purity grounds or attacking trivial differences. This is the surest way to derail tax reform altogether. If Ronald Reagan, Jack Kemp and Bill Bradley had held to such a "my way or the highway" approach, the epic 1986 tax reform that collapsed tax rates to 15% and 28% never would have happened... Cruz has a 16% business net sales tax and a 10% wage and salary tax. These would be the lowest tax rates since the income tax was devised 100 years ago... are estimated by the Tax Foundation to grow the economy by a gigantic $2 trillion in extra GDP per year after 10 years. Both eliminate almost all deductions and special-interest carve-outs. (Against our wishes, they retain the tax write-off for charitable organizations and have family deductions that are too big. But no one's perfect.) They completely kill the corporate tax, the estate tax and the FICA payroll tax. One of the "circular firing squad" arguments to which Laffer and Moore refer is the accusation that Cruz and Rand are proposing a VAT (value-added tax).
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.