Ted Cruz's VAT Is A Dangerous Gamble
The plan will not fix America's tax system
This is a very strange political season. Some of the Senators running for the Republican presidential nomination are among the most principled advocates of smaller government in Washington.
Yet all of them have proposed tax plans that, while theoretically far better than the current system, have features that I find troublesome. Marco Rubio, for instance, leaves the top tax rate at 35 percent, seven-percentage points higher than when Ronald Reagan left town.
Meanwhile, Ted Cruz and Rand Paul (now out of the race) put forth plans that would subject America to value-added tax.
This has caused a kerfuffle in Washington, particularly among folks who normally are allies. To...
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