Senator Cruz’s tax plan would significantly alter the federal tax code. It would completely repeal the corporate income tax and all payroll taxes and enact a 10 percent income tax and a 16 percent “business transfer tax” or value-added tax.
Generally speaking, I don't look favorably upon repealing the corporate income tax. If anything, it should be higher. This puts me outside the mainstream of GOP politics, and probably puts me somewhat in the left wing camp on this issue.
These are strange days indeed. Don't know what the fascination is for GOP candidates to cut the corporate tax. They like to talk about "original intent" of the Framers of the constitution. This original intent did not tax individuals, but collective groups. There is an explicit embargo upon a "head tax" in the original text of the Constitution.
Although it appears to eliminate individual taxes in some cases, it would be better if it eliminated all of them.
Update:
The text of the US Constitution is here. The specific text referred to is this:
No Capitation, or other direct, Tax shall be laid, --- Article I, Section 9
Capitation means "head". No taxes upon individuals, that is what is meant. This was overturned by the Sixteenth Amendment to establish an income tax.
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