TEA PARTY FAVORITE PUSHES “SIMPLE FLAT TAX” TO STIMULATE ECONOMIC GROWTH
We’ve heard some big boasts on the presidential campaign trail this cycle … ready for another one?
U.S. Senator Ted Cruz of Texas says his tax plan – which he describes as “a simple flat tax” – would create 4.9 million new jobs in the United States. The Tea Party favorite also says his plan would increase capital investment by 44 percent and after-tax income by 14 percent.
Our favorite thing about Cruz’s plan? Unlike the plan put forward by GOP frontrunner Donald Trump, it’s not revenue neutral – it’s an honest-to-God tax cut.
“This is a $3.6 trillion dollar tax cut, so it is a tax cut from current rates,” Cruz recently told talk radio host Hugh Hewitt. “When you factor in economic growth, and over ten years, this ends up reducing tax revenue about $760 billion dollars, so it is less than a trillion. It is, in terms of the impact on the budget, much, much smaller than many of the other plans introduced by other candidates.”
Cruz also told Fox’s Sean Hannity this week that his tax plan “produces the most jobs of any Republican plan.”
Oh, and it would effectively abolish the Internal Revenue Service (IRS), which as we’ve seen in recent years has morphed from tax collector into political attack dog. That’s good for individual liberty and economic prosperity.
How does Cruz’s plan break down? Simple: All income under $36,000 is tax free – period. Beyond that, individual income is taxed at a ten percent rate and all corporate income is taxed at sixteen percent.
Makes sense to us …
So far the GOP candidates have approached the tax code in one of two ways – they’ve sought to either manipulate and consolidate existing brackets (like Trump, former GOP frontrunner Jeb Bush and new “establishment” frontrunner Marco Rubio) or they’ve moved to scrap the whole system and start over (like Cruz and U.S. Senator Rand Paul of Kentucky).
We’ve got to do some more digging on Cruz’s plan, but so far we like what we see …
102 comments
Cruz is a true nut case. No wonder he has strong support in The South.
No more nuttier than Bernie Sanders. The favorite northern nut.
of the two, who do you feel has more compassion?
That’s a tough question to answer because no one knows the inside of their hearts so to speak.
What you have is a fundamental disagreement in society. Some think wealth redistribution is compassion, some think that letting people keep what they earn is compassion.
Even though those things are different, there can be a desire for compassion behind both.
thoughtful answer, making some good points, quite refreshing
Speaking of compassion – I’ve noticed all of them seem to be sharing personal stories of addiction now. Showing their softer side and acting like we need to help this people. Wonderful – but how does that square with all the Republicans who are constantly wanting to drug test individuals receiving govt benefits?
The drug test is not to deny benefits, but reform behavior.
Depends on the state. Some states cut them off with the first positive screening and other have rules about drug convictions making one ineligible. It is another waste of money law since it has panned out to cost the states more money than it saves in kicking folks off.
Then why don’t we drug test everyone who works for Government including Senators and Representatives. They are taking a heck of a lot more of our money for nothing than people on welfare.
Now that’s just silly. Think of the last Congressman that got busted for coke. You want to lose the majority?
Every one in government period !!!!
Sometimes compassion is just enabling harmful behavior. Acting on your compassion with other peoples money is not a virtue. The people who receive that kind of compassion, think it is an entitlement and are rarely thankful or reform.
but the point Bernie is making that the wealth has already been redistributed from the middle class to the one 1%, he just wants to move it back
There are things that can be done but redistribution of wealth is a dis-incentive to both wealthy and lower incomes. We need policies that encourage wealth creation.
1% has robbed the middle class and the republicans just stood by and said they will trickle their wealth back down to us. hell that theory has been implemented by the republicans since reagan and things are only getting worse, lets go back to the tax rates of the 60s when america was really strong and had a good economy.
+10 Back then we were the most powerful Nation on earth and respected by everyone. Our middle class was strong, our manufacturing base was strong, life was good. Then Republicans decided the rich need to own a lot more of the country.
Powerful but never respected by everyone.
what country has ever been respected by everyone?
None.
so you just posted a irrelevant comment?
Can’t wait to smoke a bong hit with you !
We need wealth creation for the middle an dlower classes. Got any ideas on how to get it. BTW, second and third low paying jobs ala Jeb! doesn’t count as an answer
Irrelevant.
True. Plus he is a fool, proved by his debate performance which leads me to believe that he is a shill for Hillary. Trump may also be a foil for Hillary.
There is no fucking way that the deficit will not explode under a 10% rate with no taxes for those making under $36000. Steve Forbes wanted a 17% tax rate when he ran and he was laughed out of the park by economists saying that it would balloon the deficit. I guess he is resorting to blatant lying now that he has absolutely no chance at the nomination.
SHUT THE FUCK UP..You G__ D___ IMBECILE your fucking unholy god FUCKED up the economy…You FAILED GET THE FUCK out of the way.
You took a $9 Trillion war-necessary debt – that would have evaporated if we’d stayed the Bush economy – and DOUBLED it..you STUPID LYING MOTHERFUCKER…
I’d SLAP the FUCKING SHIT out of you get around me and Suck Obama’s Dick…you IGNORANT FUCK…It’s time to Kick your FUCKING Teeth in…
It’s Bad enough you fucked up the country…now you’re so FUCKING stupid…you are Running from the BIG Fucking MESS you have made…
Go fuck yourself, you dumb shit.
Bush’s economy TANKED just as Obama was taking office, which cut revenues and raised expenses dramatically. Bush inherited a SURPLUS you DICKHEAD! His lousy tax cut and wars eliminated that and produced the largest deficits until that time. The DEFICIT has been FALLING for several years and is now back DOWN to where Bush left it after the worst recession since the Great Depression.
BUSH LOST JOBS, OBAMA has ADDED jobs. You DUMB FUCK !!
We’ll ignore the explosion of the economy created with the internet revolution (or dot.com boom if you will). A trained… no an untrained monkey could have presided over that economic locomotive. However, the inevitable internet bubble also crashed the economy under Bush. Really didn’t matter who was in office, that train wreck was coming. Throw in some old-fashioned terrorism in 2001 and the US economy came to a screeching halt.
the war was never necessary and was terribly prosecuted
Is that why Hillary and Kerry voted for it?
they were wrong, how the hell do you think Obama won, the democrats did not forgive her for caving to public opinion and that vote is still a black mark she carries to this day.
Good…that means Hillary LOSES again…because none of her opponents voted for the war…GOOD…thanks for admitting that skank is Dead in the water…That’s comforting considering the damage you have done to the country…
oh she is gonna win
When her 18 inch is finished you will beg to be tortured by Bush Special Agents.
No they voted, but for a lie. Everyone knows that but you , now you do.
I get it…It was Bush’s fault, they voted for it, after they voted against it…
LMAO…Thanks for that…I’m one creative MoFo, but I cannot make up some of the shit you come with….(: Funny stuff for sure…(And what’s hilarious, I think you actually believe the stupid shit you post)….
Glad you got it.
You voted, Haley, Bush, etc. Get ready !
Dude, you want a sedative?
I’m GLAD you cower…Trump Will BASH your Fucking skull…while Americans Stand and Cheer…You Anti-American Bastard,….GET used to it…
Blah, blah, I’m a big fat pussy. I threaten you with caps. Caps are cool. And swear words, because – “I’m always cooler on line.” Duh, duh, bubaba – crap. Trump’s a plant from the Clintons and you’re still too stupid to see it.
I guess his answer was “no”.
Just another Internet tough guy. I bet you are like that guy that almost wrecked me today on Roper Mountain Road and who flipped me off. But when I decided to pull up beside him and give him some words, he crossed three lanes of traffic to exit on Haywood Rd. A real pussy. But you have to say G__ D__ instead of cussing properly. What are you afraid of? Do you think when you die God will pull up this blog and say that since you took his name in vain that you will go to hell. I’ve got news for you, you vile human being. You’ll be sitting three guys down from Hitler, Stalin and Dick Cheney in the hottest part of hell.
Dang, you go!!!!
How ironic…your stupid ass is all over the road….
I addled you didn’t I? You’re blubbering……I think you know I mean it…and I do…that should concern you, as we go forward…if you knew me, you’d be scared as hell, considering the Bullshit your trying to sell, after what you have done to our people…
This is a MOTHERFUCKING WAR..and you are on the wrong side of the warriors…A retreat would be advisable…but you’re a Democrat, so I don’t think you’re smart enough to realize that…
Or maybe laying naked an a bed of fiberglass insulation for eternity……….
“naked IN a bed of fiberglass insulation”
sorry for the typo……………
And to think it was getting a bit quiet and calm on the board. Boom, a visit from Batshit Mountain. Been up to the Mountain for more gems of wisdom, I see.
Yeah, it’s more ‘Art Laffer’ laughable and discredited nonsense.
I wish it was true that Cruz had no chance at the nomination, but I can’t agree with that assessment. The bat shit crazy element of the Republican Party is now their base.
Shep did a spot on that today and every one of them added over a trillion to the deficit, with Trump’s being the worse, coming in at 10 trillion.
Southmaudlin, Cruz believes in actual budget cuts which will lower the deficit, not the flim flam man Democrat and RINO version which is a cut from the amount they planned to increase the budget by, i.e. no actual cut from the amount spent the prior year. Since when did Obama and the libtards care about exploding deficits. It is their bread and butter and how they buy votes by being “Santa Claus” to the ignorant. Cruz also believes in getting rid of the baseline budgeting scam.
Yeah, good luck with that Robert. You cutting SS, Medicaid or the defense budget? That’s most of the government spending. How about disability, which needs to be cut, or military disability, which needs to be cut? There isn’t enough there there, if you know what I mean. Hell, I’m for a 10% across the board cut in everything. Let’s call it the Patriot Cut. But it will never work. Both parties are to blame.
They don’t need to buy votes,.Your hate, exclusion, and craziness push people to vote D
He’s likely UNDERESTIMATING…But no wonder FITS is not swayed…you got your head up so far up Obama’s ass…you think that stupid some-beech has created jobs instead of a $18 Trillion deficit…
There is not an 18 Trillion dollar DEFICIT, there is an $18 Trillion dollar DEBT!
And it was already 50% of that before Obama took office.
Obama increased the DEBT MORE than ALL presidents BEFORE him COMBINED…and Bush secured Stability and Peace in the Mideast…Obama not only FUCKED Up that very VALUABLE accomplishment, has NOTHING but FAILURE for the TRILLIONS he spent…
QUIT peddling BULLSHIT you Sinister BASTARD…
Big T, I know you are a brain dead certifiable nut. I know you talk to yourself all the time. I know you live in a basement and collect welfare. I know even talking to you is a waist of time, but even you must understand this very rudimentary part of our government. Only tCongress can spend money. The President cannot run up the deficit. Only Congress can do that.
Liar. Republicans love to make up stuff. That is all they ever do. Fact checker said most of their responses in the last debate were lies.
Rubio came out pretty good. Media is critical of him not showing up for Senate votes, but he showed up for more votes than Obama or Kerry, yet no media criticism.
The media is not criticizing him, Jeb is. Of course he should show up. But as far as I am concerned the country is better off without him being there.
Go look at Drudge’s Headline photo right now….that’s Rubio’s worst nightmare…and why he pales to Carson and Trump…
You cannot halfway play Conservative…and think that will work again. Voters are not that stupid, thanks to Liberal-Tarians Romney and McCain educating them on what NOT TO DO…
Rubio is lagging for a reason…
Rubio’s a real fags man. You love him. He’s a Cubano Metro Sexual.
talk about a liar, friends and neighbors of carson say he was not a violent hood rat when he was young, said he was a quite nerd with a pocket protector. i looking forward to the guy he stabbed in the abdomen to step forward.
Put Carson next to Hilary…and let America decide..you IGNORANT BRAIN DEAD Racist Liberal Motherfucker..
You’re Full of Shit, you nasty cretin..I’d love hear you go to a Carson event and make your accusations out loud…and let me know you’ll be there…PLEASE, you indecent Shit bag….You people need to be held personally accountable for the Criminal level lies you perpetuate. I’d love to be the one to hold you to it…I’d LOVE TO…
your hysterics do nothing to push your ideas forward, it only showcases how disturbed you are
FUCK you, Dumbass…
You can’t convince Religious Zealots of the Democrat Party with reason. Liberal-Tarians McCain and Romney proved that…You’re a blind and Ignorant disciple of a false and failed god..and you have not budged DESPITE one fuck up after another..
Like Hitler or Democrat Slaveonwers…FORCE is all that will defeat Criminal liars like you..
The Republicans who Rip your Fucking head off, and shit down your Windpipe will defeat you…that’s why Trump and Carson are leading…They – and the voters – know you are human SHIT, and flushing you is THE ONLY answer to defeat you and fixing the mess you’ve made. So you better be ready…because we ARE BRINGING it..and all you have is that Shrill and Carping little skank named Hillary…
“Shrill” your posts are the definition of shrill, you are just so scared of the world around you, you think your posts are justified
My Posts are a SLEDGEHAMMER, you carping little effeminate.
They are a ROAR that is resonating with the American people who know you are a FILTHY Obama Piece of Shit who lied, and damaged our country, causing widespread suffering, so your elitist politicians can fuck the people, and live like kings…
You’re that kid in the GE commercial who can’t lift Gran’ Pappy’s hammer – aren’t you? Yes you are. That’s OK though, ’cause you’re gonna change the world.
Quit trying…you only make yourself look like an idiot…and I mean that…and that can be said of all of you…
Obama winning unfairly, has only made you weak…w/o your race-blanket…you are lost…
actually if you were to “ROAR” as you do in here in public you would be arrested for indecent behavior and if you were to defend yourself to the judge as just roaring you would be fitted with a special jacked and placed in a padded room.
STFU you ugly little shill. You’re playing cap gun, and I play Flamethrower…There is NO option this time..
You have played out, Dumbass. And I don’t think you get it…and that makes it all the more easier…So just keep regurgitating your cliches…you have no idea how fucking stupid you all look…FITS demonstrates that…He’s running T-Rav’s campaign for you (appealing to idiots) ….and we all know how well that worked…
well you should put the flamethrower down cause you are just shooting yourself in the ass, the only value you bring to the blog is being the brunt of jokes. you can’t pick up the hammer can you? hehehehehe
Quit trying. You have no chance.
chance of what?
I personally will request Hillary’s biggest strap on for you when the time comes.
Moving on to fuzzy navals now?
Which Carson are you going to put up? The Carson who is thug like Trayvon Martin and Michael Brown. The coward Carson who tried to get a kid at Popeyes killed to save himself. Or the criminal Carson who stabbed a guy.
Either one will make that stupid ass, shrill and Repulsive Skank you ass-kiss, look like the Damn Fool she is…LMAO…
Either we ATTACK the Democrats, Hillary and Obama..and rip their Fucking heads off, and Rub their faces in their lies, until we smother those Dishonest Motherfuckers..or Americans continue to Suffer under these FILTHY Criminal liars..
You make the choice.. Republicans That SLAP the FITS NEWS level Bullshitters, WIN…otherwise WE ALL LOSE…
We cannot afford to swallow the Bullshit FITS, and Dicks that he sucks, spread. You BETTER Fight for your country NOW…or you lose it…
That said: the FITS-Type Liberals are Cowards…once you SLAP the SHIT out of them…they’ll run and hide…like Selfish and lazy Criminals do, when faced with Justice and America’s best..
You drinkin’ again? Glug, glug, glug. We doin’ vodka shooters this afternoon? Not drivin’ are ya? You got ’em all in this one. Crap, cocks, sucking, gay sex. Proud of ya’ boy – signed Dad!!!
Get used to it, you barin Dead Bastard…
Either the GOP slaps the FUCK out of you, the media..and the IGNORANCE and Failure you peddle…or this country swirls down the toilet…
We’ve beaten NAZIs and Democrat Slaveowners, along w/ Communists and Socialists…And I think the BEST GOP candidates know who you are…and are ready to dispose of you…they have already shown your same old Bullshit will not work this time…
As with most issues the devil is in the details. So in Cruz’s la-la land that will be a $760 billion reduction in revenue. Here’s the monkey wrench: What’s he going to stop funding? He won’t save that much abolishing the IRS. What else? Farm subsidies, “fat cat” defense contracts, corporate welfare schemes, oil and gas credits…not a chance.
yep, pretty much gutted everything already, i recon we could cut all social services for the poor and have UN come in and feed them and put them in camps.
It won’t. He’s full of shit.
Remember when George W. Bush lied his ass off about his tax plan, and got away with it?
i remember that, the last time a Republican took a stance on principal and he paid for it.
Yep but the hen house gate was open too long.
Abolish the IRS, come up with a simpler tax plan, I just see all the tax lawyers and tax accountants crapping in their drawers.
Something has to be done to give this economy a kick and this just might do it. I have not read the details, but this could be a morale booster and good for the economy.
The devil is in the details, I would like to know more about it.
Are you from S Carolina ? Do you vote republican ? Is the state of S. Carolina corrupt from the top down ?
Try to make sense and I might give you answer.
He is using a another Marines pic as his avatar.Sad.
Thanks for the info. I don’t mind answering legit questions from someone, but as soon as I sense that they are a pompous ass or issuing ad hominem attack, I usually don’t respond.
I don’t know much about this person, from the few times that I have read his comments, I chose then not to waste my time with him.
Thanks for re-enforcing what I suspected.
If you believe that, any respect ( that I do have ) for a fellow serviceman would be a slap for all that served.
Come here, and see my pic @ me !
Is there a way to be in control again ?
I was just a little behind you.
To help Will dig a little deeper: http://baselinescenario.com/2015/11/04/60-of-ted-cruzs-tax-cut-goes-to-the-top-1/
For those who decline to click links, 60% of the tax break goes to the top 1%.
The claim that a family of four pays no tax on its first $36,000 of income is basically a lie, since they will pay 16% when they spend the money.
Cruz’s plan does not do away with the four biggest loopholes that favor the rich — the deduction for charitable donations, the mortgage interest deduction, the exclusion for pension contributions, and the exclusion for employer-provided health care.
The long debunked theory that tax cuts encourage growth depends on the arrival of the confidence fairy — so far never seen. That is why Cruz uses “dynamic scoring”. Without that pie-in-the-sky promise of growth, his tax plan adds to the deficit.
The assumption that the tax cuts will be “appropriately financed” can only mean that government spending will be reduced to completely offset the losses of tax revenues. Yet at the same time, Cruz proposes to guarantee funding for Social Security and Medicare.
Tango and flip, you’re in ! Thank god.
My tax plan will create jobs in other country’s for the Koch brothers…….ok at least he tells the truth except he is not a US citizen. ..Cruz loves him so Koch!