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== Tax Reform==
In consultation with some of the top tax experts in the country, including the Heritage Foundation’s Stephen Moore, former presidential candidate Steve Forbes and Reagan economist Arthur Laffer, Rand Paul devised his Fair and Flat Tax proposal. The Tax Foundation, estimates that in 10 years it will increase gross domestic product by about 10%, and create at least 1.4 million new jobs. [google.com/_/chrome/newtab?espv=2&ie=UTF-8] Rand Paul's tax reform consists of "The Fair and Flat Tax" proposal:
**$2 trillion tax cut that would repeal the entire IRS tax code
**Replace the tax code with a low, broad-based tax of 14.5% on individuals and businessesapplied equally to all personal income, including wages, salaries, dividends, capital gains, rents and interest
**Eliminate every special-interest loophole
**Eliminate the payroll tax on workers and several federal taxes outright, including gift and estate taxes, telephone taxes, and all duties and tariffs
**All deductions except for a mortgage and charities would be eliminated
**First $50,000 of income for a family of four would not be taxed
**For low-income working families, the plan would retain the earned-income tax credit
**14.5% tax would be levied on revenues minus allowable expenses, such as the purchase of parts, computers and office equipment
*All capital purchases would be immediately expensed, ending complicated depreciation schedules
== Jobs and Business Policy ==
