A TAX DEBATE IS LOOMING FOR FEDERAL POLICYMAKERS BECAUSE TRUMP ERA TAX CUTS EXPIRE AT THE END OF 2025.
REPUBLICAN PRESIDENTIAL CANDIDATE VIVEK RAMASWAMY IS PROPOSING A CHANGE IN FEDERAL TAX POLICY RATHER THAN AN EXTENSION OF THE TAX CUTS APPROVED IN 2017.
VIVEK1 OC………ALL THE DEDUCTIONS.” :12
RAMASWAMY SAYS THE 59 PERCENT INHERITANCE TAX HE PROPOSED IN HIS BOOK LAST YEAR WAS A THOUGHT EXPERIMENT AND THE 12 PERCENT FLAT TAX HE’S PROPOSED THIS YEAR WOULD BE ASSESSED TO ALL INCOME, INCLUDING INHERITED MONEY OR ASSETS.
RAMASWAMY SAYS A 12 PERCENT FLAT TAX MEANS A BROAD BASE OF AMERICANS WOULD BE PAYING THE LOWEST POSSIBLE RATE.
VIVEK2 OC……….AS WELL.” :08
RAMASWAMY HAS PROPOSED THE COMPLETE ELIMINATION OF SOME FEDERAL AGENCIES, INCLUDING THE INTERNAL REVENUE SERVICE.
VIVEK3 OC………JUST SHUT DOWN.” :10
RAMASWAMY MADE HIS COMMENTS DURING A RECENT INTERVIEW WITH RADIO IOWA.
