Cruz has a plan that favors the wealthy to an incredible degree. It starts with a flat 10% income tax. It eliminates payroll taxes. Both of these may sound great to working and middle classes, but they shouldn't celebrate yet. Cruz also proposes a 19% national sales tax which he pretends is a replacement for business taxes. This will hit consumers very hard, but it's a type of tax that's very popular with conservatives. They want to tax as much consumption as possible, saying that then the drug dealers and other criminals will have to pay taxes too.
Will this bring in enough money? Of course not. So Cruz, abetted by the Tax Foundation, waves a magic wand and predicts astonishing levels of job growth and wage growth.
Do his supporters know about his tax plan? Not that I've ever seen among his supporters/commenters on the threads I read. But even if they did know, they'd probably blindly have faith. The growth will happen. It happens every time a true conservative is in the White House. DON'T YOU KNOW THAT!!!!!
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1 comment:
It's a myth that Texas is a low-tax state. I was there last year and there is an 8% sales tax on everything. Food, clothing, restaurants you name it. That means Texas has its hand in your pocket to the tune of 8% of everything you earn if you have to spend everything you earn.
Sales taxes are a way to make poor people pay taxes and for rich people not to on the theory that government supports poor people and not rich people. The truth is the opposite. So I'm not surprised at Cruz's tax plan. It's typical window-dressing as a way to make things easier for the rich people he serves and admires, and punish poor people he despises.
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