Ted Cruz
Rafael Edward "Ted" Cruz was born on December 22, 1970 in Calgary, Alberta, Canada. He is of Cuban and Irish/Italian descent. He was raised in Houston, Texas and later went on to study Public Policy at Princeton University before attending Harvard Law School. He took on the role of private-practicing lawyer, advisor to the 2000 Bush campaign, and Solicitor-General for the State of Texas (2003-2008) before being elected to the United States Senate in 2012. Cruz played a major role in the government shutdown of 2013 that strained his relations with the Republican Party. He is now running for the GOP nomination for the 2016 presidential election. Cruz's polling numbers show strong support, and he is second only to Donald Trump. [1]
Repeal Tax Code and Institute a "Flat Tax" Policy
Tax Reform plans
- Wants to institute a "simple flat tax policy"
- Up to 36,000 dollars in untaxed income for a family of four (TCWTR)
- A flat 10% tax rate for all individuals exceeding the income cutoff (TCWTR)
- An additional flat 16% "business tax" that effectively acts as a value-added tax (TCWTR)
- Child Tax Credit and deductions for mortgage interest payments will remain in effect (TCWTR)
- "I am campaigning on a flat tax that would allow every American to fill out his or her taxes on a post card [or iPhone app] that allow us to abolish the IRS."(WE)
- Supports elimination of other taxes such as the Inheritance Tax, Overseas Profit Tax, Alternative Minimum Tax, and any "Obamacare" taxes (TCWTR)
Jobs and Business Policy
Reform and Regulation
- "When it comes to jobs and growth and opportunity, the two most effective levers that the federal government has to facilitate small businesses creating new jobs, are tax reform and regulatory reform." (WE)
Internet Regulation and Entrepreneurial Freedom
- "The Internet is the great equalizer when it comes to jobs and opportunity." (WPOPED)
- "We must promote growth in the technological sector, a consistent bright spot for the U.S. economy. But we won’t realize more of that dynamic growth unless we keep the Internet free from the kind of unnecessary regulation that is strangling our health-care, energy and banking industries... one of the biggest regulatory threats to the Internet is “net neutrality.” In short, net neutrality is Obamacare for the Internet." (WPOPED)
- Opposes net neutrality on the basis it stifles innovation (WPOPED)
Health Policy
Health Initiatives
- Repeal Obamacare, open insurance markets across state lines, expand health savings accounts, delink health insurance from employment
