I spose I need not say this won’t fly.
If the child credit had kept up with inflation it would instead be over $10,000 per child.
Postcard?
TED CRUZ ON TAX REFORM
http://www.tedcruz.org/
ADOPT A SINGLE-RATE TAX SYSTEM.
Ted Cruz signed the Contract from America.
Contract from America, clause 4. Enact Fundamental Tax Reform: “Adopt a simple and fair single-rate tax system by scrapping the internal revenue code and replacing it with on that is no longer than 4,543 words —the length of the original Constitution.”
(source: The Contract from America, 7/8/2010.
REPEAL TAX HIKES IN CAPITAL GAINS AND DEATH TAX.
Cruz signed the Taxpayer Protection Pledge against raising taxes:
“I pledge to the taxpayers of my district and to the American people that I will: ONE, oppose any and all efforts to increase the marginal income tax rate for individuals and business; and TWO, oppose any net reduction or elimination of deductions and credits, unless matched dollar for dollar by further reducing tax rates.”
OPPOSES INCREASING TAX RATES:
Cruz supports the CC Voters Guide question on the inheritance tax. The Christian Coalition Voters Guide summarizes candidate stances on the following topic: “Permanent elimination of the “Death Tax.”
(source: Christian Coalition Voter Guide (10/31/2012)
SUPPORTS ELIMINATING THE INHERITANCE TAX.
Cruz supports the CC Voters Guide question on the inheritance tax . The Christian Coalition Voters Guide summarizes candidate stances on the following topic: “Permanent elimination of the “Death Tax.”
(source: Christian Coalition Voter Guide (10/31/2012)
From: http://www.ontheissues.org/2016/Ted_Cruz_Tax_Reform.htm
Tax reform which is complicated is not worth attempting.
Get rid of the IRS. Have a flat consumption tax. The Fair Tax is worth considering. There are some other opions. But if it’s not simple, don’t do it.
Rubio is OUT
>> tax brackets to just two — 15 percent and 35 percent
The only way that will work is to push the dividing threshold deep into the middle-class-income region. The resulting tax hike — and it can’t be anything BUT a huge tax hike — will piss off Americans in the millions.
And it won’t do jack to the one per cent that everyone loves to hate. They don’t pay it now, and they won’t pay it when Rubio is done. Two-income-earning families with wage income, and no way to manipulate their income to avoid it, will pay.
Guaranteed one-term president in the unlikely event he gets there.
This plan sounds more complicated than the mess we have now. It’s typical of government fixes. The fix is worse than the problem.
Ping.
He is a typical politician. Addicted to finger-pokin’.
Find me a way to shrink IRS to 10 percent of its present size and reach, and I’ll know you get the problem.
Having only two “brackets” doesn’t make the tax law simpler. Does he take us for fools?
Mike Lee is a great guy. Knocked off that bombastic clown Bennett who acted like being a Senator was his birthright.
But it’s an incremental approach at a time when we should just go nuclear on the concept of income taxation, and especially federal income taxation.
Repeal the 16th. It was a Bolshevik idea in the first place.
No “fair tax”, no “flat tax”. Just get the damn fedgov out of the individual taxation business. They have no right to reach into the States and affect the lives of the Citizens of the States.
The States should send in whatever their representatives in the Congress vote to assess for membership in the gang. And their Senators should be appointed and controlled by the State legislatures as originally envisioned. They represent the State, not the people. That’s what the House is for.
When we had a system like this the United States went from being an obscure British colony to the most powerful and economically successful country on Earth in one century.
Never before had the power of wealth accumulation shown itself to be so incredibly productive. People went from subsistence farmers to wealthy investors living on their coupons in a couple of generations.
Can happen again.
It doesn’t matter what plan they propose. Democrats will simply scream that it’s a War On THE CHILLREN and THE PO.
The GOP ‘leadership’ will then fold and we will have exactly the same thing we have now.
“Congress is not empowered to tax for those purposes which are within the exclusive province of the States.” —Justice John Marshall, Gibbons v. Ogden, 1824.
In fact, Sen. Rubio’s Constitution-oblivious tax plan is a good example why the ill-conceived 17th Amendment should never have been ratified, state lawmakers foolishly giving up their voices in Congress by ratifying that amendment.
The 17th Amendment needs to disappear.
I wish more reporters could do math or just state the current corporate tax rate of 35%. A 10% cut would bring it down to 31.5% Cutting it to 25% represents a cut of roughly 28.6%.
The economic reality is that it is a damn good idea. Multinational corporations find legal ways to move their profits to countries with low corporate tax rates. This is almost always accompanied by more hiring and well as more operations in those places.
However, for the economically semi-literate (at least 70% of the populace), it is poison. Count all of those political ads aimed at this audience using phrases like these
Any kind of revenue-neutral tax reform inevitably means some will pay more while others get a break. Those that get a tax break will yawn, while those hit with any increase in taxes will scream.
It is a lose-lose. That is why few Republican presidential candidates will endorse The Fair Tax, and even Herman Cain's 9-9-9 plan was attacked so aggressively it ended up being a negative.
Senator Rubio needs to get on board with the FairTax!
NO! NO! NO! Rubio’s plan leaves us with an income tax.
We need the repeal of the 16th Amendment. KILL the income tax DEAD!