Posted on 03/04/2016 11:42:01 PM PST by JediJones
...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 a higher tax burden, on net, than simply disbursing the money to shareholders. That’s bad news for machinists, who would much rather that they had new and better tools with which to do their jobs.
Rubio (through modifications of the corporate income tax) and Cruz (through the total conversion of corporate income taxes to his business flat tax) both fix this problem by making the full amount of money spent on the lathe deductible from taxable income.
In contrast, Trump did little to change the domestic corporate tax system, and merely lowered its rate. This policy has its benefits, including the benefit of growth, but it substantially reduces revenue.
...the senators pay attention to the details of the tax base, and try to fix incentive problems that the tax base creates. Mr. Trump mostly lowered rates.
America under the Marco Rubio or Ted Cruz tax plan would simply have more lathes and buildings and trucks, and people would be more productive and have higher incomes because of it.
(Excerpt) Read more at taxfoundation.org ...
This is becoming the battle of social capital v political capital.
Won’t help a nit if the borders are kept wide open and we make socialist democrats out of all those who have and will invade our land. Growth can only happen by fixing the fundamentals. #burnitdown
Besides, I don’t care what Rube says. It’s what he does and who he represents that is so troubling. He certainly does not represent me.
LOL, and you believe Trump will deport anybody? He said in 2012 he thought deportation was inhumane and we had to be compassionate and not throw people out. And he just signaled this week that the deportation is going to go away in his negotiation and never happen by saying twice “at this point” it’s going to happen.
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IMO, Trump’s tax plan is actually a starting offer. That’s his core. that’s how he thinks.
And, Cruz said in 20`` that a natural born citizen was the childof two American citizens. He sure has changed his tune.
Cruz’s plan is an income tax with a VAT on top.
NO THANKS.
I will admit that if Trump does not include spending cuts then his plan is not that good. However, if he does, which of course this does not calculate in primarily because he hasn’t offered it up, then it could turn out better.
does this tax foundation have a history of making accurate economic predictions 10 years out?
What good is a ‘better’ tax plan when your country is flooded with illegals?
Yes. I do. In fact I do believe he will start with deporting the criminal foreigners that local and federal LEOs can identify and find, and then squeeze off much of the rest from receiving pay or sending remittances and broadening and strictly enforcing employment prohibitions for illegal aliens causing them to increasingly self deport, while simultaneously building the wall section by section. Those who really want to be Americans get ID’d, vetted, and sent back to their home airport with a pen and a form and a book of forever stamps to wait in the back of the line for proper immigration proceedings at their closest US consulate. #burnitdown #buildthewall #MAGA
Tax foundation? WTH? Who freaking cares what this spokeshole foundation has to say? Who do they represent? What are their goals? So, who the heck is this foundation that is feeding propaganda into this Presidential race?
10 year anything is complete BS.. you lucky if we can keep them for 4 years..
Ha,,,,I’ll take the Trump plan and the Wall (and mehico to pay for it)
Can someone explain to us non-mathematically inclined people what the number mumbo jumbo means?
Cruz's tax plan is NOT a VAT. His website clearly explains his tax plan and it points out clearly how it's NOT a VAT.
Maybe you should learn to read and study instead of spreading lies!
Doesn’t matter because ONLY POTUS Donald J. Trump will have the chance to enact his plan.
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