Cruz tax plan would cost $8.6 trillion, second only to Trump’s

[applegrove]

Cruz tax plan would cost $8.6 trillion, second only to Trump’s

by Kelsey Snell at the Washington Post

https://www.washingtonpost.com/people/kelsey-snell

"SNIP...........

Republican presidential candidate Ted Cruz’s plan to impose a flat 10 percent tax on all personal income and greatly lower the corporate tax rate would cost the federal government at least $8.6 trillion over a decade, according to a new analysis.

The plan would be the second most expensive tax proposal in the GOP presidential field, with only businessman Donald Trump offering a proposal that would add more in government debt over the next 10 years, according to data released Tuesday by the nonpartisan Urban Brookings Tax Policy Center. Trump’s plan would cost the government $9.5 trillion in lost revenue.

..........

Republican presidential candidates have been quick to campaign on promises to cut taxes, but because most have yet to detail how they would slash spending to offset this lost revenue, analysts have projected their proposals would be deficit busters.

Cruz’s plan also falls short of fulfilling the Texas senator’s promise that his flat tax system would be so simple that taxpayers would file their returns on a postcard.



............SNIP"

[pampango]

1. So the tax plans of the 'anti-establishment' republican candidates would suit the rich

just fine. Ain't that a shock.