CNN's Erin Burnett talks to Senator Rand Paul (R-KY) about the Wisconsin recall election and tax reform.
I'm not sure it's clear by "some" he means "the wealthier in this country", as is stated at the end of the video. A Flat Tax would increase the Federal income tax on lower income families as well, as they effectively pay no income tax. Sen. Paul seems to be contradicting himself a bit here as well. He mentions that his Flat Tax would ensure "there would be no companies paying no taxes". Yet, he goes on to express his concern for lowering the Corporate tax rate to 17% from the current 35%, suggesting he is of the party line that lower market regulation is better for all of us, and none at all is the best. Also, he fails to mention what will happen with Capital Gains at all.
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Erin Burnett OutFront airs weeknights at 7 p.m. ET. Designed to showcase Erin's unique style--casual, smart, and confident--OutFront stays ahead of the headlines, delivering a show that's in-depth and informative.
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