Ted Cruz’s proposed tax plan

I briefly examined Donald Trump’s tax plan in an earlier post. Here is the link to Ted Cruz’s tax plan: https://www.tedcruz.org/tax_plan_summary/

Cruz proposes a 10% flat tax, which retains the Child Tax Credit and Earned Income Tax Credit and the Home Mortgage interest deduction, while eliminating the Death Tax, the foreign profits tax, and the Alternative Minimum Tax.

The corporate tax rate is dropped to a flat 16%.

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