Wednesday, November 11, 2015

Still nuts

The fourth Republican presidential debate, explained - Vox

Amongst the other criticisms of this woeful bunch of Republican wannabe Presidents is this:
Jeb Bush, Marco Rubio, and Donald Trump have thus far all released
tax plans that are detailed enough to be assessed in terms of their
impact on Americans of different income levels. The plans all differ
slightly from one another, but they all have the same basic shape — huge
gains for the top one percent that dwarf what anyone else will get.

But the debate revealed that these are actually the
responsible, sober-minded plans in the field. Ben Carson continues to
insist that the government could be funded with a 15 percent flat tax — a
number that would yield a laughably inadequate level of revenue. Ted
Cruz and Rand Paul are all pitching plans centered around the
introduction of a Value Added Tax, a move that would likely raise
taxes for lower-income Americans (especially retirees) in order to
finance staggeringly large tax cuts for the wealthy. Carly Fiorina,
meanwhile, keeps insisting that she can deliver a three-page tax code
but can't quite seem to say what will be on the pages.
And Cruz wants to return to the gold standard.

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