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{{:Ted Cruz ===Repeal Tax Code and Institute a "Flat Tax" Policy=== *Wants to institute a "simple flat tax policy" **Up to 36,000 dollars in untaxed income for a family of four (Tax ReformTCWTR)}}
ββTax Reform
==Tax Reform==
**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==