On Wednesday the Wall Street Journal featured an op-ed from Presidential candidate Rand Paul (R-KY). The title of the piece was “Blow Up the Tax Code and Start Over,” and in it Paul laid out a very good argument for revamping our entire tax code and starting over with a simpler “Fair and Flat Tax.”
Listen as Senator Paul explains:
“My plan is the biggest and boldest tax cut in American history. This will shake up Washington and Wall Street, no doubt. But I’m not running for their approval, I’m running to take our country back.”
I’m ready to drive a stake through the heart of the IRS — and trash all 70,000 pages of our federal government’s outdated, confusing tax code.
Today, I’m announcing my Fair and Flat tax plan that I will make the centerpiece of my first term as President of the United States — a tax plan that puts over $2 TRILLION back in Americans’ pockets, creates at least 1.4 million new jobs and turbo-charges our economy in the process.
You can already hear the shrieks and howls coming from the special interest lobby in Washington, D.C. over my announcement.
For far too long, Washington, D.C. bureaucrats and Big Government politicians have believed your money is theirs — and they can spend it better than everyday hard-working Americans and entrepreneurs.
In fact, I believe if the Washington Machine’s tax-and-spend policies aren’t stopped, our economy will slide further down the slow-growth rut of the last decade.
That’s why I’m proposing to put the Washington Machine on a much-needed diet by enacting the boldest and biggest tax cut in American history.
If passed into law, my tax plan would:
- End the workers tax: I will end the FICA payroll tax, the largest tax for many working Americans. It goes to zero.
- Eliminate the headaches and complication in filing federal taxes by allowing every taxpayer to file a simple, one-page return with a low and fair tax rate of 14.5%, saving American families over $2 TRILLION in the first 10 years;
- End corporate welfare and special tax breaks, eliminating the army of lobbyists and tax lawyers gaming the system. That means no more mom and pop small businesses paying 40% of their income in taxes, while big corporations — armed with armies of slick lawyers — pay zero;
- Provide a real economic stimulus to our economy by exploding the GDP by almost 10% over the first 10 years.
I understand my plan is bold.
But, I’m not interested in nibbling around the edges of “reforming” Washington.
I’m running for President to flip Washington upside-down on its head and Defeat the Machine.
So please, sign your “Fair and Flat Tax NOW!” petition, and agree to chip in a contribution of $20.16 to help me put my tax plan in front of as many voters as possible in key early states: http://randpaul.com/f/tax-plan-2?sr=618fb1
Many reform-minded conservatives have long dreamed of the day when a “Flat Tax” or a “Fair Tax” proposal could become mainstream. That day might soon be drawing close. Can Rand Paul’s proposal take our tax reform dreams and make them a reality? This is a good start.