[Hanna548]

My point, it totally obsolves corporations of having to pay taxes on their profits

[Drago]

I just don’t see it...

Here is how I read it:

Now:
“Bill’s Widgets” grosses $100K for 2015, subtracts a myriad of federal corp tax loophole deductions and pays a 35% corporate tax on say $50K.

Cruz plan:
“Bill’s Widgets” grosses $100K for 2015, subtracts a very limited set of legit business expenses and pays a 16% corporate tax on say $80K.

Am I way off? Possibly, but that is how I read it based on plain english. And nothing in either the Cruz or Trump corporate tax plans looks remotely like a VAT.