Ted Cruz talks tax plan

I this is going to be a very important thing relax and just exactly how these candidates thing

we can really generate growth they're also talking about taxes a number of them are out with new tax plans Donald Trump for example say he's

going to cut the number of brackets to for with the top rate being twenty five percent Marco

other Republican candidates are proposing flat taxes rand Paul once a fourteen a half percent and Ted Cruz ten

percent across the board I just talked to the senator last night and I asked him how

it's all going to work file it would mean incredible economic growth and in terms of the results my

number one priority both in the Senate and and as president is economic growth because every other challenge we've got depends on growth and

the simple flat tax that that I'm rolling out a ten percent flat tax for everyone would produce four point nine million

critically every income decile would see double digit increases in after tax income fourteen

percent or greater so you know what that means if you're a single mom you're making forty thousand dollars a year a

fourteen percent increase would mean an extra five thousand six hundred dollars in your pocket to provide for your kids to make ends meet to pay the bills it

average American your poor American is going to be hurt by them because effectively they're having to pay a

bigger and bigger and not have their overall income compared to say someone is making a lot more money how

are you going to answer that criticism well it's it's simply not true I if you look at the numbers and anyone that wants to really study the numbers we have the full details of the plan on

our website Ted Cruz dot org Ted Cruz dot org you can look at every income decile though that

that ten percent making the very least income see at least a fourteen percent increase in after tax income that was one of the things when I was designing this plan is

that it would benefit everyone across the board and and let me describe how we're going to say senator that the benefits

it's no rich too much I mean you know you're going to get that criticism look I understand that liberals love to tear down the rich but you know what we've

seen Obama doing that for six and a half years and two things have happened number one the rich have gotten richer right

now today the top one percent of our income part of their income earners aren't a larger share our income than any year since

nineteen twenty eight the people that have gotten hammered are people who are struggling they're young people Hispanics African American single moms people

like my dad was fifty eight years ago was a teenage immigrant washing dishes because when economic growth is

who get hit are the most vulnerable not no one turning around again back to Reagan era booming

economic growth so that one or a simple flat and part of that is a you know lowering taxes for

pay no income tax you pay no payroll tax you pay nothing and then above thirty six thousand everybody