I saw some of it back then (& commented a couple of times)....still can’t see it as a “VAT”. Must be based on some “secret squirrel” information Cruz has put out somewhere other than his website. In an interview perhaps? How is the Trump plan NOT a VAT tax then by this logic?
Ted knows less than NOTHING at all about finance, taxes, business, and did NOT think this plan up. Nor does he understand it at all. He NEVER even talks about it; not in the debates and NEVER in his stump speeches! He couldn't defend it, with out a GREAT deal of prep, by others, and a memorized written out for him speech. And he STILL wouldn't understand it at all.
All of this was debated, ad nauseam, back in the early days of FR. We had for real experts in this stuff, here, back then; from whom I learned a great deal.