So here is a truly brilliant, if slightly ghoulish tax plan. Jeffrey Webber is a venture-capital investor and private-equity fund manager. His advisor, William Lipkind, came up with a vehicle that would not only defer gain on some of his investments, but also totally avoid income tax when he and [...]
Greece refuses to accept creditor demands for pension and tax reforms, making a deal less and less likely.
Last week Rand Paul unveiled his plan for the “Fair and Flat Tax.” That makes him the latest – but certainly not the last – presidential candidate to embrace the rhetoric of flatness. If recent experience is any guide, it won’t be an easy sell. Show More Summary
Rand Paul has released his tax plan, to unbridled acrimony from the left, but there is a lot of good there.
Hoping that switching the conversation from his “unconventional” foreign policy to domestic affairs will revive his flagging presidential ambitions, Senator Rand Paul (R-KY) has taken to the Journal Op-Ed page to introduce his plan to reform the United States federal tax system. “…I am announcing an over $2 trillion tax cut that would repeal the entire […]
MORE ON THE PROS AND CONS OF RAND PAUL’S FLAT TAX PLAN: A moderate con by Ramesh Ponnuru: The plan may look as though it cuts middle-class taxes because he would not apply his flat tax to families of four making less than $50,000 and he abolishes the payroll tax. But the plan taxes everyone […]
STEVE MOORE: “Rand Paul overnight changed the dynamics of the Republican presidential race on Thursday when he released his Fair and Flat Tax plan.” It is a one-rated, 14.5 percent flat tax devised with help from Art Laffer, Steve Forbes, and Heritage’s Moore: The 14.5 percent tax would apply to wages, salaries, capital gains, rents, […]
A variety of Republican presidential candidates insist that a flat tax is a great idea. Arithmetic tells a different story.
Surprise, surprise. The overpaid bloviators on Faux "news" think Sen. Rand Paul's flat tax plan, which would lower their taxes, is a great idea. As Media Matters noted this morning, Steve Doocy was literally applauding for it duringShow More Summary
Rand Paul shared an overview of a “fair and flat tax” plan he will soon unveil on Capitol Hill. The Republican presidential hopeful said the flat tax would would benefit all hard-working Americans to keep more of the money they earned while simplifying the United States daunting and massive tax code. Show More Summary
Another Republican, another tax plan that favors the rich while throwing a bone at everyone else
Rand Paul talks taxes in the Wall Street Journal today: My tax plan would blow up the tax code and start over. In consultation with some of the top tax experts in the country, including the Heritage Foundation’s Stephen Moore.... Hmmm. Show More Summary
Our nation very much needs fundamental tax reform, so it’s welcome news that major public figures - including presidential candidates - are proposing to gut the internal revenue code and replace it with plans that collect revenue inShow More Summary
From the June 18 edition of Fox News' Fox & Friends: Related: Rand Paul Calls For 14.5 Percent Flat Tax Previously: Fox's Chris Wallace Exposes Truth Behind Ben Carson's Flat Tax Plan: "The People Who Make Out Like Bandits...Are The Wealthy" "The Most Exciting Tax Plan Since Reagan's": Right-Wing Media Tout Perry's Flat Tax
Morning headlines: suspect still at large after killing fire during a prayer meeting at a historic black church in South Carolina, Rand Paul's flat tax plan.
Sen. Rand Paul (R-KY) “will reveal his plan to overhaul the tax code on Thursday. Expect Steve Forbes to be pleased,” the New York Times reports. “Mr. Paul, who is hoping his small-government, libertarian-inspired approach to governing will translate into [...]
Rand Paul, who is hoping his small-government, libertarian-inspired approach to governing will translate into support as he seeks the Republican presidential nomination, will call for a flat tax in the midteens, the senator has told supporters.
Earlier today, real estate mogul, reality TV star and noted gasbag Donald Trump announced that he is running for President. If my math is correct, approximately 37% of the population is now seeking the Republican nomination and the right to take on Hillary Clinton in November 2016 for a spot in the White House. While [...]
The Kansas Senate just voted 21-19 to concur in the House tax plan (SB 270/HB 2109), sending it to Governor Brownback who has said he will sign it. The plan has eight major components: Increases the state sales tax from 6.15 percentShow More Summary
Vermont Sen. Bernie Sanders promised an aggressive plan on Wednesday that would increase the tax burden for the richest Americans. “I don’t like to give policy off the top of my head,” Sanders told Bloomberg View columnist Al Hunt, adding, “We’re working right now on a...