Rush just said that Ron Paul has the right idea with his plan to cut $1+ Trillion in government spending.
I agree with Rush, Cain’s National Sales Tax & Spend Scheme is a terrible idea. What is needed is a cut in government spending, not a New Tax like Cain’s National Sales Tax to give the politicians more of our money to waste.
“It virtually eliminates the massive compliance costs of the current tax code, and it restrains the size of government.”
I’m pretty sure he’s on board with cuts in spending. He obviously subscribes to a “starve the beast” approach so I’m sure he’ll present his views on cuts if he hasn’t already.
The one two punch of supply side economics is to lower taxes and reduce spending at the same time. Expanding the base and reducing spending both have the same effect of lowering the cost of government.
Cains National Sales Tax & Spend Scheme is a terrible idea. What is needed is a cut in government spending.
Cain’s outline of his spending cuts are on his website, and have been for some time.