In other words, Michael Johnson is a Rubio supporter.
He should just come out and say it.
I wouldn’t care if Rubio said no taxes at all I would not vote for him.
NO VAT EVER! PERIOD! VAT is the reason that the Socialist countries of Europe have a lower standard of living than the USA. EVERYTHING has an extra tax to cover their Socialist Government. Imagine something that costs $100 here......now imagine that same thing costing $150 in Europe. NO VAT EVER!
I’ll go with Art Laffer over Michael Johnson(?).
I’m glad people are starting to talk about this hidden tax plan.
Not familiar with Ted's proposal, but anyone who has ever spent any time in Europe knows full well that a VAT makes everything very expensive, to the point of reducing the birth rates (of the NATIVE populations-not foreign freeloader invaders) because raising a child is VERY expensive.
Of course if we EVER plan to dig ourselves out of the bottomless pit of $19 TRILLION, we may have to consider additional sources of tax revenue (dare I say "increased taxes"?).
The tax collection method is not the problem. The problem is spending. Until we spend less than we take in, say down to 17% of GDP, then the problem will always be the same.
Debating or changing the tax collection method is only changing who’s Ox gets gored.
Goodbye.
This is all academic. I would rather hear how he intends to get this through Congress, through the media, and enacted. Republicans have proven they don’t have the guts to push legislation that isn’t approved by the media, and the nightly news will start off with a dozen manufactured and deceitful sob stories every night until they concede. I would rather hear how he is going to find a spine for McConnell to get this past Senate Democrats who will simply refuse to allow it to come to the floor. They can talk tax plans all they want, until I hear a plan or see at least a little courage to get something done, I won’t believe it.
The ‘FAIR’ Tax that Huckabee and some others talk about is an inflated sales tax. It puts a 23% tax on retail goods. Also called a ‘consumption tax’.
If you can’t tell, this will CRIPPLE the retail industry, and cause the price of goods to rise SUBSTANTIALLY!!!
Add this tax on to already existing state sales taxes and the price of the product you are buying just skyrocketed!
I’ve never seen Cruz promote a VAT tax?
The only thing VAT and flat have in common is that they rhyme.
Tax reform is badly needed, but it’s a distraction that politicians on both sides want us to focus on.
Instead of focusing on which plan is the best way for them to steal more money from us I’d like to see a focus on why they need to steal so much money. There is an amount of taxes that the government needs to operate and revenue they collect for that is legitimate taxation. Above that they are using taxes to steal from us to get re-elected. ALL of them.
They (with our approval) need to figure out what a legitimate budget is. Without knowing how much revenue they have a legitimate need for there is no way to know the best way to collect that money. Some ways are worse than others but the best really depends on to total revenue they will collect.
“Cruz argues that his plan is not a VAT because businesses would pay it, rather than it being collected when families make purchases like is done in Europe.”
If true, this is disconcerting. All businesses must be reimbursed for all costs incurred, taxes included, or they will not be in business long.
I thought Ted Cruz was a smart guy.
If Cruz’z tax plan is a VAT then the current scheme is at a minimum a 39% VAT along with the hidden payroll taxes.
I don’t see how Cruz is suggesting anything close to a vat tax. I think Rubio is lying.
Rubio is such a smarmy weasel liar. There is no such VAT in Ted Cruz’s tax plan, it doesn’t exist.
Maybe his hearing is off...It’s a FLAT tax, not a VAT tax.
I’d far prefer a consumption tax vs. high income/corporate taxes. Those whom have a lot of money to spend will be the ones providing most of the tax receipts. If you’re poor you’re buying less and providing less of the tax base BUT you’re still paying a share. At least everyone pays something!
This would allow us to reduce the income/corporate tax rate. I’ve always wanted an explanation of how an income tax is not government theft. We have the right to private property, except the property the government decides isn’t ours to keep, subject to a rate THEY decide. I say get rid of it and raise taxes through a consumption tax.
The tax plans mean nothing to me, because no matter who is elected President, they aren’t going to reform the IRS. They won’t be balancing the budget either.
American voters simply aren’t ready to handle the reality of what would be necessary to make us solvent again, so politicians will punt it further down the road, as suall.