Paul op-ed touts regressive flat tax
Paul Goes Flat
Sen. Rand Paul proposes flat tax in WSJ oped:
" would repeal the entire IRS tax code ... and replace it with a low, broad-based tax of 14.5% on individuals and businesses. I would eliminate nearly every special-interest loophole. The plan also eliminates the payroll tax on workers and several federal taxes outright, including gift and estate taxes, telephone taxes, and all duties and tariffs
http://www.wsj.com/articles/blow-up-the-tax-code-and-start-over-1434582592
Paul assures Social Security would be fine without payroll tax. WSJ:
"Mr. Paul said his plan would 'fully fund' Social Security and Medicare because it specifies that incoming business-tax revenues go first to fund those programs ... he wasn't specific about which programs would be cut to keep the budget deficit from ballooning..."
http://www.wsj.com/articles/gops-rand-paul-calls-14-5-flat-tax-1434587746
