Ted Cruz gets more specific about how he plans to abolish the IRS

Ted Cruz explained to the Washington Examiner some of his ideas on getting rid of the IRS. But his actual plan is still in the works and he plans on revealing it in the coming months:

WASHINGTON EXAMINER – Cruz said he envisions shifting the tracking and collection of federal taxes to “some much smaller division” of the Treasury Department. The senator said that replacing the current, complex tax code with a simple flat tax would eliminate most of the work the IRS needs to do, making the agency obsolete and “irrelevant.”

In its purest form, a “flat tax” treats all taxpayers equally. Income is taxed at the same rate regardless of earnings or wealth, while allowing for no tax deductions or exemptions. But Cruz said his flat tax proposal might allow some deductions, possibly for popular write-offs like for charitable donations and mortgage interest charged on a primary residence, paid annually by homeowners.

“We will roll it out with precise details in the coming weeks or months,” he said. “There are trade-offs to be had and we’re right now internally having those debates, in terms of whether you have a couple of deductions or exemptions or not, at what rate the flat rate is set, what level of standard deductions and so those trade-offs we’re currently debating.”

Sounds like a good plan to me, at least generally. Can’t wait to see the finalized plan.


Comment Policy: Please read our comment policy before making a comment. In short, please be respectful of others and do not engage in personal attacks. Otherwise we will revoke your comment privileges.