Art Laffer: The Rand Paul And Ted Cruz Flat Tax Plans Are Best Tax Proposals

As we've cheerfully noted on these pages, the good news on the presidential campaign trail is that almost all Republicans are now for serious pro-growth tax reform and simplification. Every candidate wants lower rates (some a one-rate flat tax), fewer loopholes and carve-outs, and a reduced role for an abusive IRS.


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Ted Cruz's Simple Flat Tax Isn't All That Simple

Ted Cruz has unveiled his Simple Flat Tax plan that includes a single low, low personal income tax with a single rate of 10%. He also wants to eliminate the federal corporate income tax and the employee payroll tax, and replace them with a 16% Business Flat Tax. But according to Larry Kudlow and the Tax Foundation, he is really talking about a value added tax, a VAT. Here is what the Tax Foundation says about the Cruz plan.


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Ted Cruz Rockets Up With Gold And A Flat Tax For His Economic Plan

Ted Cruz rocked in the presidential race during the CNBC debate. His biggest breakthrough, even more important than his crowd-pleasing holding the media to account, was his credible prescription to get job creation, and equitable prosperity, roaring the way they roared in the Reagan days.
Cruz thereby seized, like nobody else yet has, the Reagan jobs-creation and income mobility mantle.


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Rand Paul Gets Flat and Fair

Overnight, Rand Paul changed the dynamics of the Republican presidential race when he released his "Fair and Flat" tax plan on Thursday. As he said when he unveiled the plan on video, this is the boldest rewrite of the income tax system in 100 years. Even Ronald Reagan -- who dramatically improved the federal tax system -- didn't perform such a sweeping clean-up of the tax code.
For full disclosure, I spent the last several months helping design this plan with Sen. Paul -- so I'm biased. But there is no doubt that this plan, which reduces income tax rates from as high as 40 percent and business taxes from 35 percent down to a flat 14.5 percent rate, can only be described as explosively pro-growth and pro-jobs.


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