Posted on 01/15/2016 6:58:15 AM PST by Kaslin
Maybe since Flat and Vat both end with "at" Marco Rubio is somewhat confused?
Yup, lil dancing boots must be confused.
You're the one who first gave their opinion on Ted's plan. So when I give my opinion, you lecture me about people deciding for themselves.
LOL.
Whatever.
When did he admit that? I know Rubio tried to say that was his plan, but I distinctly remember Cruz saying that Rubio was incorrect/lying.
CRUZ: Well, Marco has been floating this attack for a few weeks now, but the problem is, the business flat tax in my proposal is not a vat. A vat is imposed as a sales tax when you buy a good.
This is a business flat tax. It is imposed on business and a critical piece that Marco seems to be missing is that this 16 percent business flat tax enables us to eliminate the corporate income tax. It goes away. It enables us to eliminate the death tax.
If you’re a farmer, if you’re a rancher, if you are small business owner, the death tax is gone. We eliminate the payroll tax, we eliminate the Obamacare taxes. And listen, there is a real difference between Marco’s tax plan and mine.
Mine gives every American a simple, flat tax of 10 percent. Marco’s top tax rate is 35 percent. My tax plan enables you to fill out your taxes on a postcard so we can abolish the IRS. Marco leaves the IRS code in with all of the complexity. We need to break the Washington cartel, and the only way to do it is to end all the subsidies and all...
(BELL RINGS)
... the mandates and have a simple flat tax. The final observation, invoked Ronald Reagan. I would note that Art Laffer, Ronald Reagan’s chief economic adviser, has written publicly, that my simple flat tax is the best tax plan of any of the individuals on this stage cause it produces economic growth, it raises wages and it helps everyone from the very poorest to the very richest.
No, I simply described it as a hidden tax plan and said I was glad it was getting attention.
Your squawking about it being less hidden than other plans is an opinion...but Cruz's plan is by definition a hidden tax whether you like it or not.
Those of us who paid full weight of employment and income taxes at the Carter rates back in the day and who now subsist on savings (which don't earn anything because of Fed/banksters' zero-interest-rate policy) and Social Security will take a new weight at what, 39% or whatever the fashionable rate is in Europe? so that you can get your income taxes reduced. What a deal, thanks bud.
No to Rubio.
No to Ted Cruz and his income tax with a VAT on top.
Yes, how selfish of me to want something that would benefit everyone. Your rash judgement isn’t justified, I’d only want it as PART of a tax system change and nothing close to 39% (where on earth did you get that number? it’s nothing close to reality). Eliminate income tax, lower the corp tax rate (to a FLAT tax for all), have a small consumption tax - you’d end up with lower costs on good and services while retaining the tax receipts at the fed level.
...but so long as you’re just fine with the government deciding how much, of my money, I can keep you’re part of the problem. Let’s just keep the system we have right? Thanks bud.
Old news, but it sure reeks of globalism and ‘establishment’ to me!
‘Cruz’s VAT and European VATs are economically identical, and his entails the same substantial threat of growing government.’
The VAT: Coming Soon To A Campaign Stop Near You (Cruz Tax Plan)
http://www.freerepublic.com/focus/f-news/3394643/posts
American Enterprise Institute | February 8 | Alan D. Viard
‘Moreover, their proposed VATs would be largely invisible to the public because they would not be listed on customer receipts or pay stubs ...’
Hidden taxes are the worst.
thanks AW!M.
http://www.freerepublic.com/tag/flattax/index?tab=articles
http://www.freerepublic.com/tag/fairtax/index?tab=articles
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