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Kirk510620 : sentedcruz   27

How Many Countries in the World Have a Value-Added Tax? | Tax Foundation
there has been a lot discussion about the value-added tax among those in the media and in certain policy circles.  The conversation began because Senator Ted Cruz introduced a tax reform plan that would eliminate both the payroll tax and the corporate income tax and replace the revenue with a “business flat tax,” or subtraction-method value-added tax. We found that the tax plan would reduce federal revenues by $3.6 trillion over the next decade. However, if you accounted for the 13.9 percent larger GDP, revenues would only reduce by a little more than $700 billion. Even though the plan is growth-oriented (it eliminates the corporate income tax!), some Conservatives have expressed concern about the plan. The concern is that the plan would introduce a European-style tax that would lead to a European-size government here. They state that since the 1960s when the VAT was introduced in Europe, their rates and collections have consistently increased and the VAT has resulted in the “large” governments we see there today. They believe that this would happen here if a similar tax were introduced. I don’t know whether it is true that the VAT has led to larger governments in Europe, but what is often missing from these discussions is the fact that the VAT is not a uniquely European tax. Yes, all European countries utilize this tax, but so do most countries in the world. According to KPMG, more than 140 countries throughout the world have a value-added tax. It is true that European countries tend to have high VAT rates. The average VAT rate in Europe is 20 percent, about 5 percentage points higher than the global average. However, not all European countries have high VATs (Switzerland has an 8 percent VAT rate, which is about as high as the state and local average retail sales tax rate in the United States). And it’s also important to point out that European countries also tend to have much lower corporate income tax rates. The average European corporate income tax rate is 18.7 percent, which is lower than the worldwide ave
vat  tax  election2016  taxfoundation  SenTedCruz 
december 2015 by Kirk510620
Let’s Be Serious About Ted Cruz From The Start: He’s Too Extreme And Too Disliked To Win | FiveThirtyEight
erace polls but is a serious contender for the nomination, has a much higher upside, with his “yes” percentage at 37 percent and net rating of +18 percentage points. Importantly, Cruz’s numbers aren’t any better in Iowa, where he needs to do well. He’s also in eighth place there, at just 4 percent in the last three live interview polls. Cruz’s advisers have argued that he can cobble together enough social conservative and libertarian voters to win the nomination. First, very conservative voters account for only a third of all primary voters, so that seems like a flawed strategy. Second, it doesn’t even seem like Cruz is in a position to bring these groups together in very conservative Iowa. According to a recent Quinnipiac poll in Iowa, Cruz is only seen favorably by 49 percent and 59 percent of voters who have a favorable view of social conservatives Mike Huckabee and Rick Santorum, respectively. Six other candidates have better favorable ratings among those who like Huckabee, while five other candidates have a better favorable rating among voters who like Santorum. In the same poll, Cruz has a favorable rating of 58 percent among voters who had a favorable view of Paul. Again, four other candidates had a better favorable rating among Paul fans. Cruz simply isn’t in that good of a position to pick up the slew of these voters if Paul falters down the road. Put it all together, and you can see why
FiveThirtyEight  gop  election2016  SenTedCruz  conservative 
march 2015 by Kirk510620

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