Thursday, June 18, 2015

Rand Paul says the US Tax Code is Corrupt, Anti-growth and isn't Fixable

In an opinion article for the Wall Street Journal, June 18, 2015, U.S. Senator Rand Paul (R - KY) wrote that the U.S. tax code "has grown so corrupt, complicated, intrusive and anti-growth that I’ve concluded the system isn’t fixable." In the alternative, Sen. Paul proposes a 14.5 percent flat-rate tax applied to personal income, including dividends, capital gains, and interest. Sen. Paul's plan includes a 14.5 percent business-activity tax on all companies. "My tax plan would blow up the tax code and start over," Paul wrote.

See Opinion & Reviews - Wall Street Journal.