Let me quote from the Washington Post article:
"He (Rand Paul) is going to have a very low rate flat tax that is going to be the lowest rate flat tax that I think anyone is going to propose," Moore said. "We're looking at a rate as low as 14, 15, 16 percent."Terrific! Everyone loves a tax cut, don’t they? That is what they are counting on: American thoughtlessness. The lower the tax rate, the less revenue will be generated, the bigger the deficit that results, the more the Debt grows. THAT is a problem.
Moore said it will be a "huge job creator" and will amount to a tax cut for working and middle-class people.Right! We have tried tax cuts creating jobs before and I admit it sounds good but it has never worked in practice, tax cuts do NOT create jobs! This is the crux of their argument: that lower taxes create jobs and bring in more revenue because all that money, if freed up, grows the economy. The only problem is: it is not true.
And however much it might be a tax cut for working and middle class people, there is no way to design a Flat Tax that will not benefit the wealthy even more than working and middle-class people, and that will not create a bigger National Debt that will be theirs to pay back.