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Posted on 04/27/2015 12:43:46 PM PDT by SoConPubbie
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Ted Cruz Ping! Rothschild had his mafia thugs kill the last president that tried that.
Close the ‘loophole’ that allows the regulatory agencies to bypass congress!
This election is literally Ted Cruz against the world.
The most corrupt evil centers of power on earth have their hands in America’s pockets now.
Cruz!
I can shoot all kinds of holes in the Flat Tax arguments.
But this is Ted Cruz, and I’ll take him along with his flat tax over anything else.
But ....
He will catch a whiff of HR 25 for sure.
In fact, has has already said he supports HR 25.
True. Customs collects duties. But other then that, all we need is a couple of guys in an office who send 50 bills out: Let the States collect their dues for keeping the FedGov operating, and send them in annually.
Other then that, no need for a giant bureaucracy.
That's what the Founders planned. They had it right.
I would prefer a national retail sales tax
(not necessarily the “fairtax” and it’s complicated “prebates”).
But a flat tax would just be an adjustment to the existing tax code,
and could be implemented by an act of congress, whereas
a national retail sales tax would require a constitutional amendment.
“Rothschild had his mafia thugs kill the last president that tried that.”
Hmmm.... I don’t know why but something about a goose popped into my head when you stated the above.
That would be great. As sovereign entities, the states could then decide on a year-by-year basis how much they should send in and how much they would withhold. Some states will simply decide they can use the money better back at home.
I do believe he would do that, and I don’t say that about any politician. The democrats will present this as stealing from the poor and giving to the rich. Hopefully Cruz team will come up with a simple one liner to get low info voters on board.
What is HR 25?
The NRST is the way to go, morally, because it taxes consumption and not production.
The prebates aren’t that hard to understand, it’s just exempting the first X amount spent as assuming that this spending is what a poverty level person would by just to exist.
And the great thing about that is that the ‘rats can’t use the prebate system to exempt their constituents from taxes.
You think lobbying is bad now? You think the prostitutes in congress are bad now? Wait til the EPA, DHS and DoE have to come to congress for funds. They’ll make the other lobbyists look like pikers.
The problem with shifting from taxing income to taxing consumption is that it isn’t fair to people who have already been taxed on income.
We need a complete rethink of national taxation to create a true, broad-based economic growth for the future. That will require first going to the flat tax plan Steve Forbes proposed in 1996, then put into place the structure to finally phase out the income tax within 3-4 years afterward (including repealing the 16th Amendment) and replacing it with something like FairTax (Cruz has expressed interest in FairTax recently).
Imagine US$900+ billion per year freed up for economic activities and not more taxes on the process of earning money. The result would be an economic boom on a scale that would far surpass the economic boom of the 1980's.
One could go back to the original 1913 version where only the top quadrant of income earners even had to file a payment. Roughly half aren’t paying anything now.
“In its purest form, a “flat tax” treats all taxpayers equally. Income is taxed at the same rate regardless of earnings or wealth, while allowing for no tax deductions or exemptions. But Cruz said his flat tax proposal might allow some deductions, possibly for popular write-offs like for charitable donations and mortgage interest charged on a primary residence, paid annually by homeowners.”
When you allow even one carve out, here come the special interest lobbyists. Better to bite the bullet and say no exceptions. That let’s you get the standard tax rate to the lowest possible level for everyone, while playing no favorites.
I’ll give you an example. HR 25 is to the US Income Tax Code what Year 2016 100 Gigabyte Ultra Burst Wimax is to 1988 100 baud dialup.
https://www.congress.gov/114/bills/hr25/BILLS-114hr25ih.pdf
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