Ted Cruz Tax Plan Seen as Aiding Wealthy and Costing $8.6 Trillion


(Bloomberg)  Presidential candidate Ted Cruz’s tax proposals, which include cutting taxes for most individuals and replacing the corporate income tax with a flat 16 percent business tax, would reduce federal revenue by $8.6 trillion over a decade and “almost surely depress the economy over the long run,” according to a policy study and its authors.

Ted Cruz

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