Analysts: Cruz Tax Plan Would Cost Country $16 Trillion
Citizens for Tax Justice says Ted Cruz’s plan to shut down the IRS and go to a flat tax would devastate the country financially and is “crazy.”
Click here for reuse options!The Republican presidential candidate who has made a name for himself attacking government spending set out specific tax plans earlier this week that he claimed would cost $1tn.
He also announced plans to shut down the Internal Revenue Service (IRS) and replace the taxman with a 10% flat-rate income tax, that he said would reduce personal income taxes by 60%.
Such a plan would cost $12.8tn over a decade, according to CTJ. Cruz would also eliminate corporate income tax, at a 10-year cost of $4.7tn, and repeal the estate tax, at a cost of $300bn, the left-leaning thinktank calculates.
Copyright 2015 Liberaland
26 responses to Analysts: Cruz Tax Plan Would Cost Country $16 Trillion
Leave a Reply
You must be logged in to post a comment.
Obewon November 12th, 2015 at 21:08
$16 Trillion LMAO! That’s why repubs do not want to release “crazy” ‘plans’ that are scored by economists and CBO!
Suzanne McFly November 12th, 2015 at 21:59
He is one expensive bag of crap.
Obewon November 12th, 2015 at 22:01
Cruz’ methane could power most of his Canadian home world!
Suzanne McFly November 12th, 2015 at 22:09
So your saying if we melt this BOC down, we can use him for power? Dang it! I take it all back, cruz is good for something.
aNYYANKEEinQueenHaleysCourt November 12th, 2015 at 21:32
and I thought Canadians were our friends…sheesh very expensive friends
ExPFCWintergreen November 12th, 2015 at 21:45
That’s a feature, not a bug. Republicans want to so profoundly enfeeble and destroy the government that they can then turn around and say, “See? We told you government doesn’t work.” It’s the inherently self-generating self-fulfilling prophecy at the heart of all modern “conservative” “thought.”
Suzanne McFly November 12th, 2015 at 21:58
How else can they rob us blind if we have the government regulating the way our economy is run? They remove that regulation and it is a free for all, as long as your one of them.
fahvel November 13th, 2015 at 03:33
if the american people woke up they would realize that they – the consumer – control the govt. Stop buying for 48 hours and watch the scum at the top begin to weep – but you don’t have the balls or the gall.
Suzanne McFly November 13th, 2015 at 11:52
48 hours would not hurt them, they know we need items and eventually we will be back. I believe change is coming, it is just slow and we have to be patient but keep using our voices.
maggie November 14th, 2015 at 04:58
she’s right 48 hours would not hurt them….I was so happy when gas was really high priced ….it forced people to look at alternatives or at least ask about energy/fuel diversity….now gas is reasonable again…I don’t like it….people aren’t forced to look at clean/sustainable energy….sustained boycotts…that’s the ticket
pignose4.0 November 12th, 2015 at 22:36
Alex a clockwork orange
Ashley Perry November 13th, 2015 at 01:48
When I saw the draft which was of 7159 dollars, I accept that my friend’s brother was like really generating cash in his spare time with his computer. . His aunts neighbor has done this for only 10 months and by now repaid the loan on their home and bought a new Car .This is what they are donig …
http://www.adzuna.ciy.de
✔66j
anothertoothpick November 13th, 2015 at 07:16
Sure looks like him my little Droogey
alpacadaddy November 13th, 2015 at 12:42
Yup… scary eyes Ted has, barely masking the inner madness!
anothertoothpick November 13th, 2015 at 15:52
With a capital M
anothertoothpick November 13th, 2015 at 07:37
Like this?
Tommie November 12th, 2015 at 23:54
They claim Obama ran up a what (not sure) 18 trillion over 7 and half years and Cruz can do 16 trillion with one policy, mama that’s a bad man! IMO!
fahvel November 13th, 2015 at 03:31
the plan would work if he defunded the 99% you all spend on military and military associated stuff.
rg9rts November 13th, 2015 at 03:34
And how will he fund his army??
Hirightnow November 13th, 2015 at 08:43
He’ll re-instate the draft, and the conscripts will live off of candy thrown by newly liberated children.
rg9rts November 13th, 2015 at 10:37
When I went in it was peanuts…$42 a month
Hirightnow November 13th, 2015 at 16:40
$180 for my time, IIRC…
burqa November 13th, 2015 at 12:57
He won’t have to.
He’ll get them all killed.
William November 13th, 2015 at 10:29
Dumbass
maggie November 14th, 2015 at 04:36
;O
maggie November 14th, 2015 at 05:00
DEPORT TED CRUZ ;)