Archive for the ‘Rand Paul’ Category

Rand Paul Struggles To Keep Candidacy Alive By Introducing …

Hoping that switching the conversation from his unconventional foreign policy to domestic affairs will revive his flagging presidential ambitions, SenatorRand Paul (R-KY) has taken to the Wall Street Journal Op-Ed page to introduce his plan to reform the United States federal tax system.

I am announcing an over $2 trillion tax cut that would repeal the entire IRS tax codemore than 70,000 pagesand replace it with a low, broad-based tax of 14.5% on individuals and businesses. I would eliminate nearly every special-interest loophole. The plan also eliminates the payroll tax on workers and several federal taxes outright, including gift and estate taxes, telephone taxes, and all duties and tariffs. I call this The Fair and Flat Tax.

While calling for a flat tax, Paul writes that he would retain the mortgage and charitable contribution deductionsnote that a pure flat tax tends to go by the wayside when a politician is confronted with the popularity of the mortgage and charitable deductionsand would levy no tax on the first $50,000 of income for a family of four. Low-income working families would additionally be permitted to retain the earned-income tax credit.

As I have noted on many occasions, I do not have an immediate, allergic response to the concept of a flat tax.

It is, after all, an enticing notion to imagine wiping out 70,000 plus pages of incomprehensible tax rules and regulations. This is particularly true when acknowledging that most of these pages are filled with tax breaks that benefit the wealthy special interests and others who can mold the tax code to their advantage through generous contributions to elected officials in Congress.

Republican presidential candidate Sen. Rand Paul, R-Ky. speaks during the Road to Majority 2015 convention at the Omni Shoreham Hotel in Washington, Thursday, June 18, 2015. (AP Photo/Andrew Harnik)

And who, with the exception of H&R Block, would not prefer simply dropping a postcard in the mail on April 15thavoiding much of the stress, strain and agony that tax day represents to so many Americans?

Still, there are lingering concerns that this approach will benefit the wealthy by making less of their incomesactive and passiveand estates fair game for the taxman while shifting the tax burden onto the shoulders of the middle class.

The reality is that our current progressive tax system in its purest formone unfettered by reams of special interest breaks and exemptionsis, in part, a system of wealth distribution. And while, for many, the words wealth distribution constitute the most offensive phrase in the English language, the concept may be far more important to our economy than those who harbor such feelings maycare to recognize.

By taxing the wealthy at a higher rate, thereby leaving extra money in the pockets of those who earn less, we fund government while creating the opportunity for the middle-class to spend more money in our consumer-driven economy without denying the wealthy the opportunity to do the same.

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What Rand Paul’s libertarian hypocrisy reveals about the …

If theres one thing most political media can agree upon its that Senator Rand Paul is as authentic as it comes. Hes a man of principle who doesnt bend with the wind just because its politically expedient to do so. Indeed, hes bravely running for the nomination for president in the Republican Party despite his courageous willingness to confront both the establishment and the base on the hard issues.

Well, it is true that he has waffled somewhat on foreign policy, which is supposedly one of the libertarian bedrock principles, but hey, hes running for president and he needs to assure Republican voters that he will defend America from the bad people. Surely, hell return to his isolationist principles just as soon as he is elected. Hes alsodone a little plagiarizing.

And now, a book he wrote called The Tea Party Goes to Washingtonhas come under renewed scrutiny,owing to the fact that it includes one fake quote from Thomas Jefferson after another. This is socommon on the right, however, that people hardly even mention it anymore. Aside from sending outchain emails every yearwith a bunch of bogus quotes that make the founders sound like they were early members of the John Birch Society, they haveanointed a known hoaxter by the name of David Barton as their official Founders historian.

In a rare moment of right wing integrity, Bartons publisher withdrew his book once it was discovered that hed just made stuff up. No word on whether Pauls publisher will feel compelled to do the same. But then, they werent bothered when it was revealed that Pauls Tea Party book was co-written bya close associate by the name of Jack Hunter, also known as The Southern Avenger, so why would this little problem cause them to have second thoughts about distributing the book now?

Youll remember that the Southern Avenger was a right-wing shock jock and member of the League of the South, a racist group which is known for such statements by its leading members as,somebody needs to say a good word for slavery where in the world are the Negroes better off today than in America?(Tea party hero and Sovereign Citizen Cliven Bundy had similar thoughtsabout whether African Americans were better off as slaves picking cotton.) Hunter himself left quitea trail of racist sentimentbehind including musing that he thought Abraham Lincoln was one of the worst figures in American history.

Yes,like his father before him, Rand Paulhas consorted with a number of neo-Confederate white supremacists(is there any other kind). For instance, aside from his Southern Avenger buddy,back in 2010his spokesman had to resign when it was discovered that his MySpace page was riddled with racist rantings from friends and acquaintances which hed not bothered to remove.

Paul has disassociated himself from these racists once its been revealed (althoughhe has agreed to appear at events featuring them). After all, hes a man of principle and we all know that he wants nothing more than to reach out to the African American community and try to persuade them that the libertarian philosophy is one which will benefit them the most. Its a little bit embarrassing to have white supremacists in the inner circle. It might even remind people of what Jonathan Chaitpointed outat the time Hunter was unmasked as the Southern Avenger:

Now, obviously, you can like Ron and Rand Paul without being the slightest bit racist. Very, very few Rand Paul fans are glad Abraham Lincoln was shot. At the same time, the logic of southern white supremacy and the logic of libertarianism run along very similar lines. They both express themselves in terms of opposition to federal power and support for states rights.

Segregation was in large part a policy of government, not the free market. But it took intrusive federal power to destroy segregation. Barry Goldwater expressed his opposition to the 1964 Civil Rights Act in classically race-neutral, anti-big-government terms. The deep connection between the Pauls and the neo-Confederate movement doesnt discredit their ideas, but its also not just an indiscretion. Its a reflection of the fact that white supremacy is a much more important historical constituency for anti-government ideas than libertarians like to admit.

So, perhaps itsnotjust low taxes and regulations that lure libertarians into joining the Republican Party even though its full of theocrats, authoritarians and militaristic imperialists. Oras Rand Paul famously put itwhen he accidentally behaved like the truth-telling iconoclast everyone pretends he is:

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Rand Paul’s Plan To ‘Blow Up’ The Tax Code Could Leave A …

GOP presidential candidate Rand Paul proposes to replace the current tax code with a 14.5 percent flat tax. | Chip Somodevilla via Getty Images

WASHINGTON -- Sen. Rand Paul (R-Ky.) wants to "blow up the tax code," and he's proposing a new, far-reaching flat tax to do it. The only problem is that his plan could blow up the size of the deficit, too.

The libertarian-leaning senator from Kentucky argued in a Wall Street Journal op-ed on Thursday that legislators should scrap the current tax code, which he described as overly complicated with far too many handouts for corporate interests, in favor of a "fair and flat" system that would tax all income levels at 14.5 percent.

It's an idea that former White House wannabe Steve Forbes tried to popularize in the 1990s, although the Forbes Media chief called for a slightly higher tax rate of 17 percent. Current GOP presidential candidates like Texas Sen. Ted Cruz and former Arkansas Gov. Mike Huckabee have endorsed similar proposals, but Paul is the first in the 2016 race to offer specifics.

Paul's plan would reduce corporate and individual tax rates while eliminating gift and estate taxes, telephone taxes, duties and tariffs, and, perhaps most significantly, payroll taxes. He would eliminate most personal deductions, sparing only those for home mortgages and charitable giving, which are supported by both liberals and conservatives.

For a family of four, the first $50,000 of income would be tax-free. The plan would also maintain the earned-income tax credit for needy families.

Paul described his proposal as a massive tax cut that would reduce revenue to the U.S. Treasury by $2 trillion over 10 years. Citing an analysis by the nonpartisan Tax Foundation, he claimed the plan would increase gross domestic product by approximately 10 percent and create "at least 1.4 million new jobs."

That sounds great on paper, and it will surely sound even better to skeptical Republican voters whom Paul needs to woo in early primary states.

But how much would it actually cost in lost revenue? The Tax Foundation said $2.97 trillion over 10 years, using a static basis, or $960 billion, based on "dynamic scoring" that accounts for economic growth. But another analysis by Citizens for Tax Justice, a nonprofit research and advocacy group, argues that it would cost as much as $15 trillion over a decade.

And how would Paul keep that much lost revenue from blowing "a massive hole in the budget deficit"? Unspecified spending cuts that would magically balance the budget.

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A New Pro-Rand Paul Super PAC is Making Pauls Official …

The phone calls were confounding, until they multiplied. People at the top of Kentucky Senator Rand Paul's network were being asked about a new group that wanted to turn donations into campaign wins. What, they asked, was the Concerned American Voterssuper PAC?

The short answer: A headache. The new iteration of the CAV super PAC is the childof a movement that mostly helps but sometimes bedevils Rand Paul. It was relaunched this week, with much fanfare, when long-time FreedomWorks CEO Matt Kibbe announced that he'd left the Tea Party group to become a senior PAC advisor. The new PAC would try to organize Iowa for Paul, starting with 40-full time organizers.Kibbe's goal, he told reporter Byron Tau, was to prevent 2016 from being another "train wreck for the GOP" by out-organizing the Republican establishment.

At FreedomWorks, Kibbe had endorsed Paul's work whenever he could. In 2013, he and FreedomWorks endorsed Paul's filibuster over the legality of drone warfare. In 2014, he stood behind Paul to endorse the senator's civil suit overthe NSA's bulk data collection program, "on behalf of our six million-plus members."

We already have 40 full-time field staffers in Iowa knocking on doors and making phone calls.

Jeff Frazee, president, Concerned American Voters

Yet people close to Paul discouraged Kibbe from building up his own PAC. It was nothing personal; it was just that the candidate had already sanctioned America's Liberty PAC. One source euphemistically described Kibbe's move as entrepreneurial, to emphasize that the senator had not been pining for a second super PAC.

"We have no animosity and Mr. Kibbe is free to support Rand in any way he likes," America's Liberty PAC Jesse Benton told Bloomberg in an e-mail. "America's Liberty PAC, however, will remain the only Super PAC endorsed by Senator Paul, and the only PAC that will host Senator Paul at events."

Benton, that PAC's lead strategist, has spent eight years in Paul's orbit. He became the spokesman forthe quixotic presidential campaign of his father, former Texas Congressman Ron Paul, in 2007. He went on to workwith Paul's congressional re-election committee, for his Liberty PAC, for the Campaign for Liberty (a non-profit grassroots group created in the wake of the presidential bid) and for his 2012 presidential campaignand during all that, he married Paul's granddaughter and started a family. Benton and Campaign for Liberty president John Tate were making America's Liberty PAC what Right to Rise PAC was for Jeb Bush, or what Priorities USA Action was for Hillary Clinton.

But Concerned American Voters pulled from another group of pro-Paul activists. Its president is Jeff Frazee, who ran Ron Paul's youth outreach campaign in 2008 and turned that into the still-growing Young Americans for Liberty. Its senior tech advisor is Steve Oskoui, president of the 2012 pro-Ron Paul Endorse Liberty PAC that convinced Silicon Valley entrepreneur Peter Thiel to fork over $2 million. Thiel, famously, has resisted making a similar commitment to Rand Paul. While America's Liberty PAC is most famous (so far) for a WWE-styled commercial for Paul's PATRIOT Act filibusters, CAV is packaging itself as an on-the-ground disrupter.

"We already have 40 full-time field staffers in Iowa knocking on doors and making phone calls," Frazee told Bloomberg. "Our team has knocked on over 75,000 doors and made over 70,000 phone calls as of today. We're building a grassroots operation that the other candidates won't be able to compete with in Iowa. Based on polling and the responses we're getting back, it's certainly a state we think Rand can win."

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Rand Paul’s demented promise: I’ll do to America what Sam …

Libertarian-ish Republican presidential candidate Rand Paul debuted his new plan to blow up the federal tax code yesterday, and if you havent read Jim Newells scorching take on it, then theres something deeply flawed with you and you should remedy it immediately. The gist of Pauls plan (replacing the current tax structure with a 14.5-percent flat tax) is the gist of basically every Republican tax plan: massive transfers of wealth up the economic ladder with a few paltry scraps thrown to the middle class that allow Republicans to claim theyre focused on working families.

As Pauls Wall Street Journal op-ed notes, he crafted this plan with the assistance of some of the high priests of supply-side economic theory: frequently and flagrantly wrong bozo Stephen Moore, flat-tax evangelist and dimwit billionaire rights activist Steve Forbes, and the also frequently wrong Art Laffer, who launched the trickle-down revolution thats given us over three decades of bad economic policy. Anyone familiar with these knuckleheads and the economic philosophy they espouse should already know what theyre promising with Rand Pauls tax scheme: huge tax cuts aimed primarily at corporations and the wealthy will supercharge the economy and produce untold millions of jobs and untold trillions of dollars in tax revenue.

Rands op-ed describes the effect as a steroid injection right into the economys underdeveloped buttocks:

Heres why this plan would balance the budget: We asked the experts at the nonpartisan Tax Foundation to estimate what this plan would mean for jobs, and whether we are raising enough money to fund the government. The analysis is positive news: The plan is an economic steroid injection. Because the Fair and Flat Tax rewards work, saving, investment and small business creation, the Tax Foundation estimates that in 10 years it will increase gross domestic product by about 10%, and create at least 1.4 million new jobs.

Im intrigued by the steroid metaphor, and not just because it implies that Pauls plan is unnatural and will have myriad undesirable side effects. (What does economic bacne look like?) Mainly it interests me because its very similar to a metaphor used by another politician who promised great things from his Art Laffer-inspired tax plan: Kansas Gov. Sam Brownback.

Brownback came into office intending to transform Kansas into a laboratory of conservative economic theory, and he consulted with Laffer who earned a cool $75,000 for just a few days work to craft the tax plan of supply-siders dreams. It obliterated taxes on small businesses and deeply cut tax rates for top earners, all with the assumption that the cuts would quickly kick the states economy into overdrive. Brownbacks preferred way of describing his plan was to liken it to an injection of adrenaline. Removing taxes on small businesses, Brownback boasted at a 2012 economic conference, would be like shooting adrenaline into the heart of growing the economy.

Laffer and Moore were no less sanguine about the immediate impact of the tax scheme Brownback had cooked up. They co-wrote a September 2012 paper for The Laffer Center For Supply-Side Economics in which they argued that tax cuts in states like Kansas would produce near immediate and permanent economic benefits:

The quality of schools also matters as does the states highway system, but it takes years for those policies to pay dividends, while cutting taxes can have a near immediate and permanent impact, which is why we have advised Oklahoma, Kansas, and other states to cut their income tax rates if they want the most effective immediate and lasting boost to their states economies.

Those immediate benefits never materialized. Kansas economy lagged badly after Brownbacks cuts went into effect and itcontinues to stumble. The tax cuts resulted in massive revenue losses that plunged the state into a budget crisis that it hopes to fix by slashing spending and raising taxes on the poor.

But Laffer and Moore, of course, dont think anything has gone awry. They once promised a near immediate and permanent economic boost from Kansas tax cuts. Now theyre telling people to be patient because tax cuts take time to work. You have to view this over ten years, Laffer told the Kansas City Star earlier this year. It will work in Kansas. Moore is similarly incredulous at people who claim that the Kansas tax cut experiment hasnt worked. As for Kansas, the tax cut has been in effect a mere 18 months, he wrote last July, not a lot of time to measure the impact.

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