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Cruz denies any responsibility for the story.
I disagree. The wall will be built as the GOP will have control of both houses of Congress.
It is a consumption tax, which is taxed at every stage of production ending with16% of end product. Each step get credit for taxes paid at levels below them. They add that as part of the cost and pass it forward..............which is why it is considered a Hidden Tax.Fact Checking The Latest Cruz Super PAC Tax Ad In Florida
If that was the end of it, that would be a fantastic tax cut for people. But it’s not.
“His 16% business flat tax will promote growth in the economy.”
Here’s where Cruz hides the ball. First, his “business flat tax” is actually a subtraction method VAT (value added tax). It doesn’t matter how many times it’s denied by the candidate and his supporters–no serious tax expert of any partisan or ideological stripe says it’s not a VAT.
Because it’s a VAT, wages are not deductible from the business tax base, as they are under the corporate income tax this plan displaces. What that means is that wages are taxed twice under the Cruz plan. First, they are taxed by the VAT. Then, they are taxed again on the personal level. .
Bullshit. Show in HIS DOCUMENTATION FOR HIS PROPOSAL where he would have a VAT on personal income or payroll taxes (FICA).
It's hardball politics, and Rubio needs to get out.
Cruz is the only choice if you want to see regressive policies rolled back, and the democrook party marginalized.
Otherwise we get more "compromise", the democrook agenda gets advanced, and America continues to decline.
Unfortunately that is now true.It's hardball politics, and Rubio needs to get out.
Cruz is the only choice if you want to see regressive policies rolled back, and the democrook party marginalized.
Otherwise we get more "compromise", the democrook agenda gets advanced, and America continues to decline.
Cruz wont roll anything back. same people back him that back bush , rubio, and clinton.
It is a consumption tax, which is taxed at every stage of production ending with16% of end product. Each step get credit for taxes paid at levels below them. They add that as part of the cost and pass it forward..............which is why it is considered a Hidden Tax.
It's not an income or payroll tax. IT IS A CONSUMPTION TAX.
That is contrary to what I am reading. Mich McConnell and the Congressional GOP establishment loathe Ted Cruz.It's hardball politics, and Rubio needs to get out.
Cruz is the only choice if you want to see regressive policies rolled back, and the democrook party marginalized.
Otherwise we get more "compromise", the democrook agenda gets advanced, and America continues to decline.
Cruz wont roll anything back. same people back him that back bush , rubio, and clinton.
Make no mistake about it. The Business Tax is nothing more than a smokescreen for a VAT. His plan is absolutely a consumption tax at 16%. It will apply to anything you purchase AND and SERVICE RENDERED.It is a consumption tax, which is taxed at every stage of production ending with16% of end product. Each step get credit for taxes paid at levels below them. They add that as part of the cost and pass it forward..............which is why it is considered a Hidden Tax.
It's not an income or payroll tax. IT IS A CONSUMPTION TAX.
The BUSINESS TAX is a VAT, but not the income tax that individuals pay. and FICA will not be affected.
It's hardball politics, and Rubio needs to get out.
Cruz is the only choice if you want to see regressive policies rolled back, and the democrook party marginalized.
Otherwise we get more "compromise", the democrook agenda gets advanced, and America continues to decline.
Cruz wont roll anything back. same people back him that back bush , rubio, and clinton.
Make no mistake about it. The Business Tax is nothing more than a smokescreen for a VAT. His plan is absolutely a consumption tax at 16%. It will apply to anything you purchase AND and SERVICE RENDERED.It is a consumption tax, which is taxed at every stage of production ending with16% of end product. Each step get credit for taxes paid at levels below them. They add that as part of the cost and pass it forward..............which is why it is considered a Hidden Tax.
It's not an income or payroll tax. IT IS A CONSUMPTION TAX.
The BUSINESS TAX is a VAT, but not the income tax that individuals pay. and FICA will not be affected.
Never said it was an income tax. The tax gets passed on up the food chain to the final product price for what the consumer pays for the product..........aka VAT.............CONSUMPTION TAX.Make no mistake about it. The Business Tax is nothing more than a smokescreen for a VAT. His plan is absolutely a consumption tax at 16%. It will apply to anything you purchase AND and SERVICE RENDERED.It is a consumption tax, which is taxed at every stage of production ending with16% of end product. Each step get credit for taxes paid at levels below them. They add that as part of the cost and pass it forward..............which is why it is considered a Hidden Tax.
It's not an income or payroll tax. IT IS A CONSUMPTION TAX.
The BUSINESS TAX is a VAT, but not the income tax that individuals pay. and FICA will not be affected.
It applies only to businesses as a BUSINESS TAX. It will not apply as an INCOME TAX. IF you are a contractor, businesses already pay a tax for your services.