In relation to taxes, Rand Paul needs them easy and flat.
The blunt-spoken, Libertarian-leaning senator from Kentucky, who received the 2016 presidential straw poll amongst main conservatives, favors a flat tax: a one-rate revenue tax system with a minimal of tax breaks for people and companies.
However Paul hasn’t settled on what that charge must be.
He has publicly mentioned 17%. An aide stated if Paul does make a proper proposal, the speed wouldn’t be increased than 17% and might be decrease.
A lot would rely on which tax breaks Paul chooses to maintain. Two would positively stay: the usual deduction and private exemptions. However each can be significantly bigger than they’re underneath at present’s code.
The Paul aide stated the senator may additionally contemplate preserving in some type the tax breaks for mortgage…