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June 18, 2015 Rand Paul for President Press Release
June 18, 2015
Sen. Rand
Paul Proposes the Largest
Tax Cut in American History
WASHINGTON,
D.C.-
Today, Sen. Rand Paul proposed the 'Fair and Flat Tax' which would
eliminate the current tax code. In order to defeat the Washington
Machine, we must drive a stake through the heart of the IRS and our
terrible tax code. Sen. Paul's plan is simple, fair, and cuts taxes for
every single working American.
The Fair and Flat Tax is...
- The largest tax cut in American history: an estimated $2 trillion will be returned to American families in the first 10 years
- Flat: one 14.5% rate for all individuals and businesses
- Fair: completely eliminates FICA tax on workers
- A plan to eliminate all corporate welfare: no more subsidies or handouts
- A real stimulus: boosts GDP 10% over the first 10 years, creates over 2 million new jobs
"My
plan is the biggest and boldest cut in American history. It's a flat
14.5% tax on individuals, but goes even further by completely
eliminating the workers tax. It is also a 14.5% flat tax on businesses
and eliminates corporate welfare. The only groups that will hate this
plan are the lobbyists and big corporations that depend on Washington
for handouts and special favors. This tax plan is not for the
Washington Machine, but for every single working American," Sen. Rand
Paul said.