Rand Paul On His New Flat Tax Plan: ‘It’s The Boldest Plan Out There’

[jct74]

EXCLUSIVE — RAND PAUL ON HIS NEW FLAT TAX PLAN: ‘IT’S THE BOLDEST PLAN OUT THERE’

by MATTHEW BOYLE
19 Jun 2015

Sen. Rand Paul (R-KY) tells Breitbart News he thinks his new tax reform plan—which would institute a flat tax of 14.5 percent for all individuals and businesses, do away with the current IRS tax code completely, and eliminate the payroll tax—is the “boldest plan out there.”

“The current tax code is 70,000 pages and we think it’s been chasing American jobs overseas and chasing American companies out of our country,” Paul said when asked about the new plan, which he unveiled this week.

We thought about whether we could fix it or not, and really we think it’s beyond fixing—so we figured we should just scrap the whole thing, start over and see what we can do with a flat tax for personal income and for business. What’s unique about ours—there have been flat taxes proposed in the past—but what’s unique about our flat tax is we were actually able to eliminate the payroll tax, we eliminate FICA.

I think some of the flat tax proposals have struggled in the past because Democrats have said, ‘oh they’re just for the rich.’ But the interesting thing about ours is somebody making $30,000 gets over a $2,000 tax cut. It’s a significant tax cut for people who don’t pay much already in income tax but their main tax is a payroll tax. I think this would be a great way to have a tax cut that everybody gets a little bit of.

Paul said that putting forward a plan like this allows conservatives and Republicans to go straight after Democrats in a legitimate effort to discredit the argument that a bigger federal government is the way to grow the economy and create jobs.

...

read more:
http://www.breitbart.com/big-governm...lan-out-there/

[Ronin Truth]

Well my Zero Tax Plan is out there and is pretty bold too.

[Ronin Truth]

Then my bold tax plan B: Only tax the voters. (They want it, let them pay for it ALL.)

[dude58677]

Then my bold tax plan B: Only tax the voters. (They want it, let them pay for it ALL.)

Bingo!

[FSP-Rebel]

...

Supporters argue now that he's been elected, Rand Paul is also more strategic about governing than his quixotic father, whose views were often too extreme for his own Republican party. The younger Paul didn't exhibit much willingness to compromise during the recent Senate debate over government surveillance, but Munisteri believes that, on most issues, Paul is willing to cut deals if that's what it takes to move beyond dorm room dogma into legislation.

"The difference maybe between his dad and Rand is his dad didn't mind being the only vote, 434 to one," Munisteri said. "Many times you cannot get everything you want. The key question is: Do you move government closer to the direction you want it to be or farther away?"

And the direction Rand Paul wants to move the government is still the dramatic downsizing he heard discussed around the kitchen table all those years ago.

http://www.npr.org/sections/itsallpo...ries-the-torch

[timosman]

his quixotic father

a gem