![]() Paul is trying to reassure conservatives who are mistrustful of him and his libertarian approach to other issues like foreign policy and criminal justice. Forbes has endorsed the plan and will vouch for it in an op-ed in The Wall Street Journal. The term “flat tax” in the country’s campaign vernacular. Forbes proposed in 1996 when he ran for president on a platform of lowering the rate for everyone to 17 percent. That would appear to be an even lower rate than Mr. Paul, who is hoping his small-government, libertarian-inspired approach to governing will translate into support as he seeks the Republican presidential nomination, will call for a flat tax in the midteens, Senator Rand Paul will reveal his plan to overhaul the tax code on Thursday. "We have to go a much simpler tax code and then we can, yes, try to get rid of or significantly downsize the IRS.Senator Rand Paul in Washington last week. But you can't just say we're going to keep the current tax system and get rid of the IRS. "So I'm for eliminating most if not all of it. "If we had that kind of simple tax deductions or simple tax form where it was one small card, you multiply your income by 17 percent, you wouldn’t need much of an IRS. Paul tells Newsmax TV in an exclusive interview: "What I've promoted is a flat tax, 17 percent for individuals as well as corporations with about a $50,000 deduction for families, similar to what Steve Forbes promotes. Sarah Palin have come out saying that it's time to abolish the IRS. ![]() Rand Paul says the United States should adopt a flat tax that would greatly reduce the need for the scandal-marred Internal Revenue Service and eliminate "most if not all" of the agency.įollowing revelations of the IRS's targeting of conservative groups, Sen.
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