Tags: Trump Administration | GOP2016 | Ted Cruz | cruz | tax | freedom | day

Cruz: Tax Freedom Day Comes Way Too Late

Image: Cruz: Tax Freedom Day Comes Way Too Late
Ted Cruz (Photo by Samuel Corum/Anadolu Agency/Getty Images)

By    |   Monday, 25 Apr 2016 11:19 AM

Ted Cruz says that this past Sunday — the first day of the year in which Americans have earned enough to pay their 2015 tax bill — comes way too late and ends up funding a "bloated government."

In a scathing opinion piece in Monday's USA Today, the Texas senator and Republican presidential candidate, writes:

"It shouldn't take us a third of the year simply to pay the government, much less spend billions of hours and dollars of our time to do so.

Cruz has proposed a simple flat tax, which he says ends the existing tax code and replaces it with a "much simpler, fairer and more pro-growth system."

"It collapses the existing seven individual rates into one flat rate of 10 percent for everyone, abolishes the IRS as we know it, and dismantles the Washington Cartel by cutting off their access to the tax code as a political weapon," Cruz writes.

"The average family will pay no taxes whatsoever on the first $36,000 of income. Individuals will be able to save up to $25,000 per year tax-deferred for any purpose — whether it's saving for college, investing in a small business, or just building your nest egg."

A simple flat tax and other "fundamental reforms" will reduce Washington's power and return opportunity to the American people …" he says.

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Ted Cruz says that this past Sunday — the first day of the year in which Americans have earned enough to pay their 2015 tax bill — comes way too late and ends up funding a "bloated government."
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2016-19-25
Monday, 25 Apr 2016 11:19 AM
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