As he enters the campaign ring, here is a look at where Paul falls on three major issues. He is the second generation in a father-son dynasty of doctors running for president. So, obviously, people who paid more in taxes will get more back.Rand Paul is best known as a libertarian, Senate force-of-one and Kentucky Tea Party favorite. And it’s a fallacious notion to say, ‘Oh, rich people get more money back in a tax cut.’ If you cut taxes 10 percent, 10 percent of $1 million is more than 10 percent of $1,000. If people voluntarily buy more of your stuff, you’ll have more money. PAUL: Well, the thing is income inequality is due to some people working harder and selling more things. Question, doesn’t your plan massively increase income inequality? But a family making more than $1 million a year would get a 13 percent rise in income. Under your plan, a family making from $50,000 to $75,000 a year would get a 3 percent rise in income. WALLACE: alking about the Tax Foundation and what they say. This weekend, Paul appeared on Fox News Sunday where host Chris Wallace asked him if he believed his flat tax plan was "fair" and if it would "massively increase income inequality," citing an analysis by the nonpartisan Tax Foundation: (emphasis added) Paul's plan would eliminate all estate and gift taxes, (most) tax credits, deductions, loopholes and the payroll tax in favor of a standard 14.5 percent tax on income for everyone making more than $50,000. Glenn Beck called Paul's flat tax plan "erotic, it is so good" and Paul announced his version of Herman Cain's "9-9-9" plan with a bizarre video of him painstakingly attempting to "kill the tax code" by fire, chainsaw and wood chipper. But it's Paul's thoughts on income inequality that reveal just how extreme Paul's economic agenda really is. Kentucky Senator and Republican presidential candidate Rand Paul has a flat tax plan meant to apply to corporations, the 1% and the working poor alike that would increase the deficit by $3 trillion over 10 years without significant spending cuts.
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