Here’s the truth from his website. You ever been there?
Cruz Simple Flat Tax
Jobs, growth, and opportunity will reignite promise for millions of American families who are currently being crushed by the Obama economy. The best way to jumpstart growth is through fundamental tax reform.
Under the Cruz Simple Flat Tax, all income groups will see a double-digit increase in after-tax income. The current seven rates of personal income tax will collapse into a single low rate of 10 percent. For a family of four, the first $36,000 will be tax-free. The IRS will cease to exist as we know it, there will be zero targeting of individuals based on their faith or political beliefs, and there will be no way for thousands of agents to manipulate the system.
The results will be truly dramatic. According to the well-respected Tax Foundation, the Simple Flat Tax will deliver an economic boost of tremendous magnitude. In the first decade, the Simple Flat Tax will:
Boost Gross Domestic Product by 13.9 percent above what is currently projected.
Increase wages by 12.2 percent.
Create 4,861,000 additional jobs.
Who is this ‘Cruz’ person you speak of?
Not just 10 percent, not just 12 percent, twelve point TWO!
This sounds like my engineering classes where students were warned that just because their calculators will come up with 6 significant figure, you do not design in a 198.325 ohm resistor.