Understanding the Tax Plans of Donald Trump and Ted Cruz

Understanding the Tax Plans of Donald Trump and Ted Cruz


Good morning Hank it’s Tuesday. Thanks for your excellent video about Hillary Clinton and Bernie Sanders’ tax plans Today I’m gonna discuss the tax plans put forth by Donald Trump and Ted Cruz. I would talk about John Kasich’s tax plan, but he hasn’t put out a detailed one yet, so I can’t. Ok but first, a brief overview of the federal budget for which these taxes pay. About a third of the US’s 3.8 trillion dollar federal budget goes to Social Security and unemployment, mostly to Social security, which provides income for elderly and disabled people. 27% goes to healthcare spending. This is mostly medicare, our publicly-funded health insurance program for the elderly. 16% goes to the military, 6% to service the national debt, 4% to veteran’s benefits, and after that, the pieces of the pie start to get pretty small. So Hank, as you pointed out last week, [Hank talking] Taxes aren’t any fun. They are also very, very complicated, and I want to emphasize that I am neither a tax policy expert nor an economist. Although in 1994, I did win the bronze medal in economics at the Alabama State Academic Decathlon. So for one brief shining moment, I was the third-best economist of all seventeen-year-old C students in the state of Alabama. but I recognize that’s not expertise. I have, however, read a lot of experts. Ok, so both Donald Trump and Ted Cruz have proposed tax refoms that will dramatically simplify the American tax code. in fact, Cruz has promised to make taxation so straightforward that we won’t even need an Internal Revenue Service anymore, so let’s start there with his plan. So right now in the US we have seven tax brackets, so like if you’re married and filing jointly, and you made a million dollars last year, first off, congratulations. but as for your taxes, the first 18,450 of your million dollars are taxed at 10%. The next 56,449 dollars are taxed at 15%, et cetera, with everything over 465-ish thousand dollars taxed at the top US marginal tax rate of 39.6%. Except not, actually, because of deductions. Like if you have a mortgage, you can deduct the interest you pay, money you give to charity can be deducted as well, your student loan interest might be deductible, some retirement savings, some childcare costs, lots of other stuff. But let’s imagine an extremely unlikely scenario where you’re making a million dollars a year, but don’t claim any of these deductions. You can still claim the so-called ‘standard deduction’. This is a tax deduction available to everyone. If you’re married and filing jointly, it’s currently $12,600 per year. So your first $12,600 of income wouldn’t be taxed regardless. In the end, with a million dollars of income, taking only the standard deduction, you’d pay about $343,427 in tax, an affective tax rate of like, 34.3%. The same family earning $250,000 a year would pay $53,755, an effective tax rate of 21.5%. And if your family had the median household income of about $52,000, you’d pay just under $5,000 in federal income taxes, an effective tax rate of about 9.6%. Ted Cruz’s plan is to collapse these seven tax brackets into a single 10% tax rate for all income. This is sometimes called a flat tax. Crucially, Cruz would also increase the standard deduction to $20,000 a year for married couples filing jointly. So the median US household income would end up paying $3,200 a year in federal taxes instead of 5,000, a reduction of $1,800, or 34%. The family making a million dollars a year would pay $98,000 a year in taxes, a reduction of $245,000 a year, or 72%. So everyone would pay less tax, but the wealthiest Americans would see, by far, the biggest cuts, both in percentage and absolute dollars. Cruz would also eliminate most of the aforementioned tax deductions, except for mortgage interest and charitable giving. He would also eliminate all federal gift and estate taxes, and repeal all corporate and payroll taxes, in favour of a 16% kind-of VAT, which is where it gets really interesting. Insofar that this stuff can be interesting. By the way, Europeans were like, ‘oh my god, he finally said a word I recognize, VAT!’ Kinda. In most European countries, there’s a broad tax on consumption called the VAT or value-added tax Cruz’s VAT is a little different. Basically, it taxes businesses revenues minus their capital investments and the money they pay to other companies. I’m gonna oversimplify here a little bit, but imagine I wanted to start a company selling T-shirts that celebrated my love of pizza, that were available for $20 right now at dftba.com. Now imagine that I had to pay a company $10 to manufacture each T-shirt. I would only pay VAT on the $10 difference. The other company would pay VAT on the $10 that I payed them. And then they would get to subtract any non-wage costs they incurred making the shirt, et cetera. Also, if I wanted to buy my own machine to make T-shirts, I could subtract the cost of that machine from my revenue before paying the VAT. The money left over is either profit that goes to owners, or wages that go to employees. So basically, it’s a tax on both wages and corporate profits, and it would aim to do a better job than our current system does of actually, like, taxing economic activity. Which would be good, because, as you might’ve heard, with the current system, there’s a fair bit of tax avoidance going on. Lots of economists, although certainly not all of them, like the idea of this kind of VAT. But Cruz’s specific plan would dramatically reduce the amount of federal revenue. Like, the nonpartisan Tax Policy Center calculates that Cruz’s plan would reduce federal revenue by 8.6 trillion dollars over the next ten years. Now, Cruz says that by eliminating the IRS and a few other federal agencies, the government can save 500 billion dollars over the next decade, but that’s less than 10% the shortfall,. Like, if you ceased all military spending in the United States, you still be 2 trillion dollars short. But Cruz doesn’t want to eliminate military spending, instead he wants to increase it dramatically. Now, some economists argue the shortfall will partly be made up by increased economic growth, but even the most optimistic independent modelling I could find still showed a dramatic increase in the budget deficit under a Cruz tax plan, barring huge cuts to either Medicare, or Social Security, or some combination of the two. Okay, so then there’s Donald Trump’s plan. Trump would also increase the standard deduction, but by more, so that any couple making $50,000 a year or less would pay no federal income tax. And he would collapse the 7 tax brackets into 4, with the top rate being 25% on income over $432,000 per year. Trump’s plan is similar to Cruz’s in that he would also eliminate gift and estate taxes, and most deductions. But he would cut corporate tax rates rather than replace them with a VAT, which would probably lead to a lot of people identifying as corporations instead of human beings for complicated reasons explained here if you wanna pause the video. The other facet of Trump’s tax plan that he talks a lot about on the campaign trailers that currently hedgefund managers and some of the other people who currently work in finance can be paid in what’s called, carried interest, which allows them to pay a lower tax rate. And Trump’s plan would end this. But, because income tax rates would be so low under the Trump plan almost all hedgefund managers will pay less tax than they do now While campaigning, Trump has also repeatedly said that his tax tax plan will quote, “cost me a fortune” which is just not true. Like under the Trump plan, if you make a million dollars a year you’ll pay about $200,000 a year in taxes, which is much higher than under the Cruz plan but much, much lower than the current rates. But altogether, Trump’s proposed tax plan would actually cost the federal government more revenue than Cruz’s plan, somewhere between 10 and 12 trillion dollars over the next decade. That’s about like, uh, 25% of the total federal budget. He has said that his tax policy will be revenue-neutral, but in response to that the right-leaning center for federal tax policy wrote an op-ed entitled, “Donald Trump’s Tax Plan Will Not Be Revenue-Neutral Under Any Circumstances” The tax policy center, meanwhile, estimates that eliminating the United States Military all together would cover just about half of the revenue gap created by Trump’s tax plan. So in summary, Ted Cruz’s tax plan involves a radical simplification of the tax code. A flat 10% income tax would lead to lower taxes for all Americans, but the wealthy would benefit the most And Cruz’s strategy for revamping the corporate tax code has support among a lot of economists, but the low rates would lead to dramatically higher budget-deficits. Trump’s tax plan would probably lead to even bigger deficits. As with Cruz’s tax plan, everyone would pay lower taxes, but the rich get the majority of the benefit. Although, Trump’s tax plan does not benefit the rich as much as Cruz’s does. But more importantly, neither of these plans is at all feasible. Unless, we completely reimagine the role that government plays in American lives. Especially the lives of the elderly, the disabled, and military veterans. Budget cuts to services benefitting those people are extremely politically unpopular, so much so, that both candidates have promised to find away to preserve those programs. But to speak frankly, neither of these candidates has offered a serious explanation for how they would do that. You simply cannot cut government receipts by 20% while preserving the programs that together make up more than 80% of the budget. Hank, I’ll see you on Friday.

100 Comments

  1. t3hnaku says:

    Not at all personal but
    Why are you so very twitchy?

    Od'ing on speed brah. Heh heh.
    Got a fix??

  2. Ruben Peña says:

    I would love to know how much of the SS pie is actual checks to the ederly, Vs how much is SSI for special ed kids, Vs how much (if any) is SS Title IV. In fact, I really would like a break down of where that SS pie is going. Nobody wants to leave granma without her check, but really, how much of the pie is for grandmas?

  3. Joesi Zastrow says:

    I have a huge problem with this video John. The only reason these plans "benefit" the rich more is because they make more money and thus the dollar amount of the tax percentage cut is much higher than the average american… Obviously if they have been getting taxed at an obscene rate, and those rates are dropped to a more reasonable and fair rate they will be receiving the biggest deductions in their taxes. Though, can you really say this is a "benefit" when the government was taxing them at a ridiculous rate before hand? I just don't see it that way at all.

    Also, why do we need to maintain all of the current programs in their current state? I feel like that is something that could fluctuate, and under these candidates most likely would change, which is why the candidates see fit to cut the budget.

    Regardless, I love the channel and endlessly appreciate the content.

  4. Seth Hydra says:

    Is that a Liverpool FC scarf behind him?

  5. June Lawhorn says:

    I feel like Trump will finally push us over the edge and into bankruptcy.

  6. Molorange says:

    Lmao you want to talk about Google being biased towards liberals. The goldmansachs add about helping small businesses is hilarious. Especially because Hillary gets shit about supporting them.

  7. Guille Heraldo S12 Valdeón says:

    Seeing all this madness about tax braquets and making stange decisions about on which amounts of income go diferent amounts of taxes… Would not be easier to just live the main taxes to be analytic functions from incomes? I could see some application of some linear, exponential or logarithmic fuctions to stand for "fairer" (depending on the point of view), but surely more consistent taxations.

  8. Vân Trần Khánh says:

    I love you john but please talk slower english is not my first language

  9. Ben Ahlander says:

    I've been searching the internet, and I'm not having good luck finding unbiased statistics regarding crime in the United States. Is it true that immigrates commit more violent crimes in the United states then naturally born citizens?

    I like your videos, so I'm suggesting you (the blog brothers) make a video about crime and ethnicity in the United States. And help us understand what is true and what is false rhetoric.

    Thanks!

  10. Amanda M says:

    How would the government make money to pay for anything like defense, social security, etc, while cutting the taxes that much? No one wants money taken out of their paycheck, but then would we be able to afford what we want for the country?

  11. Actual Trash says:

    And I though the swedish tax system was complicated…

  12. CelestialVulpes says:

    John, the richest already have tax dodge; a lower rate would elimate them and more revenue will be generated. VATS on the other hand is unnecessary because retail and distrubtor already sitting on the biggest chunk of income. The reinvestment in form of machinery is welcome be I think reinvestment already reduce tax to be paid.

  13. jiouska says:

    they're more on their military than on their education. wow

  14. Thomas Warburg says:

    John, thanks for the video. For the sake of completeness, and for the fact that many people seem unhappy about the 2-party system choices, can you do tax plan explanation on Gary Johnson? I know he is a long-shot but it would be interesting to see his plan.

  15. Kevin I says:

    Can anyone help me? im looking for this video that explained all of trumps policies and it even showed some of his moderate ideologies. not sure if the video explained bernie or hillary tho

  16. Johan Larsson says:

    wow, americans does not pay a lot of taxes.

  17. Jared Myton says:

    Definitely no bias here…. C'mon John

  18. Rich Gilbertson says:

    GREAT VIDEO!!!! Love it!

  19. Merryn Christian says:

    I wish there was a Vlogbrothers in Australa to explaint his kind of stuff to me

  20. TPV Productions says:

    I thought trumps plan was to bring industry / money back to America and end to off shore loophole. Currently we only have about an 6% gain from industry because they have all moved money to other country’s to avoid the 40% tax.

  21. Dude Co. Studios says:

    Ted Cruz's plan was seriously well thought out– except for the income tax part. That was his problem: he had strong convictions about certain issues that he refused to think about. It would make much more sense to introduce a 20-year program of reducing tax brackets every year, while military was cut and social security was completely reformed to reduce waste.

    Another viable solution would be a voluntary higher tax rate for the rich: a great number of rich people have said they would be fine with paying higher taxes, including Trump. So start a government charity of sorts that would make it simple to give more money.

  22. 537monster says:

    Okay, so I'm voting for Hillary. Anyone else in my boat, leave a like.

  23. rooney1974 says:

    How much would generation to generation welfare cuts save? You know, ending that as a entitlement. Seems the same families, with the same opportunities (free education, free transit to education, free childcare so you can be educated) seem to live and die generation to generation without taking advantage of that opportunity. Must be because it's easier is what I would gather. If I could decide where my tax dollars go, they would get none of what I pay in. I've got 4 children and a a wife. Why should I have to pay for generational welfare. This is the reason the American Dream is gone.

  24. Sterling Pilgrim says:

    Anyone ever consider that if we increase science spending, our medical costs may go down?

  25. Sterling Pilgrim says:

    vlogbrothers want big government. Why are they so averse to our government spending less money?

  26. Clotilde says:

    Everytime John puts on his fancy suit and goes "Now, I am not an economist," I know he's gonna come up with the freaking economics price he won a hundred years ago. Sigh.

  27. Winterdale says:

    Can you please explain Brexit? More specifically what is like to happen now that Britain is leaving the EU. How will to effect us globally and how it will effect UK citizens? Thanks in advance. Love your explanation videos!!

  28. Felix Staessens says:

    holy shit that's a lot of money for the military

  29. hugocabret109 says:

    Holy shit this is terrifying.

  30. Lewaa AlDanaf says:

    Thank you! I really appreciated this analysis.i see the difference and its clear as you said…..

  31. AUTISTIC BOYS MONEY CLAN says:

    cancer

  32. maria camila Saavedra says:

    alguien de latinoamerica?

  33. Smashdude says:

    ugh too much

  34. Isabella Feret says:

    Thanks guys, now I can talk about politics with my parents and hopefully they'll take me seriously…

  35. Aubie Travels says:

    Wasting way too much money on SS, Medicare/Medicaid and DOD. Gotta find away to trim those programs and cut taxes. Cutting federal spending, cutting federal taxes have to go hand in hand. As mentioned by both Vlog Brothers, you can not cut the money coming in and keep the money going out the same, that is a recipe for fiscal disaster.

    If you radically change the government to only military, federal law enforcement, and other governmental regulated functions and dump Education and Welfare, you could slash taxes. Without that being done, it is all just election year spin. I do like Cruz's plan the most. Hillary and Cruz both make the most fiscal sense. Sanders would tax us into oblivion and Trump would send our deficits higher than Obama and Bush 43 sent them.

  36. Shadow Noob says:

    how do tariffs affect this? how will these tax plans effect business leaving or returning?

  37. FLUBS says:

    My wife is a real estate agent so we can deduct: tutors, gas, clothes, food, and pretty much all the other things.

  38. Robert Hall says:

    The federal governmet needs to have its budget slashed anyway.Trump16

  39. Future World says:

    great break down! Much needed and important!

  40. A Dunbar says:

    Do Gary Johnson!

  41. Facts don't care about your feelings says:

    I think you miss the point conservatives push which is reduced social services and reduced taxes. Also rich people provide jobs and raise the standard of living I'd be more inclined to cut taxes for the rich than increase subsidies for the able bodied poor. The leftist utopia where nobody works very hard and everybody benefits is not only impossible but creates a dependency on the government

  42. Bill Clinton says:

    Thank you so much for these subtitles, I think they go unappreciated.

  43. Notorious G.O.P says:

    I must say, you guys are certainly wearing your biases on your sleeves. Maybe it's just that Hank went for a neutral slant with the Democrats and now John has gone one the attack with the Republicans, but it's very clear that you guys are not happy with Republicans to say the least. Not that there's anything wrong with that, but for a channel that seems to be focused on explaining and educating… well, it's pretty hard to explain two sides if you only give the negatives for one of them. There are numerous things that could have been said about Sanders' tax plan, and even a few that could have been said about Clinton's, yet all the flack is flying at Trump and Cruz.

    Another thing is, you addressed that there was to be a lot less income coming in from their tax plans. I don't know why you sounded so alarmed about that when Ted Cruz has been very open about wanting to shrink the size of government. He's trying to lower the tax rate in preparation for slicing off pieces of government that are deemed unneccesary, most notable being the IRS and the Department of Education. I don't know much about Donald Trump's tax plan, but if what you said is true (and I'm willing to accept it is, due to my lack of knowledge on the subject), then one of you is wrong. I don't know which, but somebody is.

  44. Zen Unity says:

    'Murica can just borrow more $money$ to fill the difference

  45. Kyle lehman says:

    you should do the libertarian party's candidate

  46. Michael H says:

    You list taxes owed without accounting for Medicare & SSI, which are taxed separately and are not deductible (but SSI is capped at $118k). Medicare & SocSec are not paid for by income tax. So you're only trying to account for 40% of the budget with income taxes.

  47. Bucksworthy says:

    https://www.amazon.com/dp/B01JGMVPBU

    we don't need any Internal revenue service any more ?

  48. Constantine Tamas says:

    there are so many factors that cannot be added to this as in tariffs and/or businesses moving back to u.s. soil creating more jobs higher pay/ tax revenue from both party's. eventually companies will be competing for workers not the other way around as it is today thus creating competitive wages so minimum wage would be less relevant. speaking of Trump's tax plan of course. also other factors I'm missing. not saying it will work but that's the mindset

  49. bingbongday says:

    Is this still relevant?

  50. Elaa Hilou says:

    This reminds me that I haven't seen my Pizza John shirt in ages.. uh oh.. I hope I didn't lose it.

  51. Morganne Bagley says:

    Does anyone know if their twins ?

  52. snap peas says:

    Can you guys do a video on the tax plans of third party candidates, such as Gary Johnson or Jill Stein?

  53. Will Taylor says:

    The way this guy trails off at the end of sentences into a growl freaks me out… But I kinda enjoy it

  54. Alexandru Dragoi says:

    The real tax is government spending!! So that needs to be cut. Or wait for the whole thing to collapse Greek style!!

  55. Yaume Lepire says:

    Wow, those aren't what you'd call progressive… Also, you guys in America really need to cut on your military spending; it's a ridiculously high amount. Why do you need such a big military anyway? It's not like there still are redcoats, nazis or communists to fight so why don't you just take a step back and adopt something more reasonable for our days and age? Would somebody please care to explain to a confused foreigner?

  56. Mark Swaggerty says:

    I don't understand why people want so much socialism in a free country. Work or die.

  57. Mike Brannon says:

    Oh come on, Trump's plan won't cause a deficit. Remember, we'll just have other nations pay for everything. That's how it works, right??

  58. Ian Lance says:

    +vlogbrothers @vlogbrothers i have a question about aid (money) given to another country. I know nothing is free so what goes into that kind of deals.
    i.e. military aid, etc

  59. Mephisto says:

    Just a quick thing:

    If the median household pays $3200 instead of $5000, the reduction of $1800 constitutes 36% of the original ($5000) instead of 34%, no? Unless I'm missing something…

  60. iamchristian says:

    Belated shout out to Academic Decathlon! Go C Team!

  61. Free Giftcards says:

    Let's earn free cash and gift cards together! Signup under me at prize rebel https://t.co/WDvMmFxT14

  62. Progressivepress ! says:

    If only conservatives realized that taxes are fantastic. I would argue they are the second greatest invention of all time. Without taxes, modern society wouldn't exist. They are simply good. All taxes really just are a payment you make for the services you need. If we didn't have taxes, you would still have to pay for roads, schools, military, etc. in fact, you would probably pay more for private school than you pay in tax.

  63. Brandon Bradford says:

    Can you guys update this?!?

  64. Bramble Q123 says:

    "Majority of the benefit" is broken English, Mr Novelist. "Most of the benefit" is what you needed.

  65. T C says:

    Do how Hillary's will double the debt even with increased taxes

  66. Amarendra Mishra says:

    Never forgets to mention the medals.. …. love these videos..

  67. Matthew Love says:

    this is a nitpicky thing, coming from the son of an audio engineer. you ought to get some curtains, drapes, Persian rugs, golden sheep's wool, and put it up on the wall behind the camera. it would significantly reduce the amount of echo the microphone picks up.

  68. Matthew Love says:

    Whats really annoying is how UNEDUCATED and FICKLE the American populace is. It is extremely easy for politicians to put forth economic plans like this because an astounding number of American citizens perk up their ears at the mention of "tax reduction".

    Its like running for class president in elementary school: You put together a plan for anti-bullying programs, you create a petition for better meals at the lunchroom. But your opponent shows up to school with a gigantic bag of candy.

    While voting for you would make your school a better place in the long run, your opponent easily takes the presidency, because, who doesn't like candy?

  69. The God of troll says:

    you didn't mention that will motivate rich people creating more jobs.

  70. Able Reason says:

    how can berny voters even think about voting republican? they are completely different…

  71. De Faz says:

    Wow Cruz and Trump plan's are horrible

  72. Christy S says:

    THE FEDERAL DEBT GIVES ME ANXIETY
    i think we just need to come together bipartisan-ly (not an adj, i know) and BOTH make sacrifices until we can get our gotdamn debt under control
    OH WAIT
    WE DID THAT
    and we crafted a plan that would work but because the current political climate makes compromise IMPOSSIBLE young people get to bear the brunt of the weight of our debt
    JOY

  73. TheMan WithThePlan says:

    Its called V A T not Vat lol

  74. Maritza Diaz says:

    ABSOLUTELY CORRECT

  75. Sith Lord says:

    too complicated. Needs to simplify it so companies don't get away from taxes

  76. Jedi862001 says:

    Any chance you guys could do a video on exactly Obama has affected our military through his handling of the budget?

  77. Marschmallow Girl says:

    i do not get why america is so bent over spending money on their army. like what country in their right mind would attack america at this point?

  78. Nick vida says:

    Biased and manipulative video the stats do not account for the prosperization of the economy after the plan is enacted more freedom for business equals more jobs and more jobs equals more people paying taxes.

  79. Reaper says:

    What do you do with a sick chemist?
    If you can't helium, and you can't curium, then you might as well barium

  80. in293yew says:

    But, but, but we can start by cutting foreign aid!!!! lol

    I really wish right-wing talk-radio listeners would actually look at the Federal budget as shown in this video before they repeat their stupid crazy talking points about the budget.

  81. wackywong says:

    One of the problems of tax policy is taxing the rich is effectively self-mutilation, because most, if not all, tax policy makers, are rich. In other words, tax policies tend to be self-serving. As tax policy makers are rich, they tend to favour themselves and cut taxes for the rich.

  82. Kapitein Haak says:

    Just because i have more money that doesnt mean you owe me more money

  83. Allen Cox says:

    If you think business pays a dime in taxes you have no clue because the wool has been pulled over your eyes.

  84. Sam Dayton says:

    He said towards the end the cuts cannot be made without dramatically reimagining the role of government. How about we dramatically reimagine the role of government?

  85. Sam Paechter says:

    In the UK we pronounce it V-A-T

  86. Jacob B says:

    There is a unhealthy sigma about the wealthy. That being anyone making over 250k a year, that they must somehow be making money through corrupt means. Looming at you bernie supports. You have to be so shortsided that you vouldnt see a 16 wheel truck coming at you in btoad daylight to know that this is not the case. Flat tax in my standards is the best case for all classes in a long term economic standpoint. The rich will have more money to invest in their business propelling prices inn all merchandise down inadvertently helping the poor and middle class. The tax on the middle class eould ease the pressure they currently face and increase theyre revenue spending for the economy(which is where more of the capitalist revenue comes from btw) and finally the poor, granted will pay more taxes would be offset by the decreased prices of goods that the rich provide. All in all the only losers are big government which woulf be forced to reduce spending, triggering rhe fed to decrease in size and remain out of our lives. Thank god for that

  87. Cliff Bumgardner says:

    Would love an updated version of this video for the Republican plan that seems to be steamrolling its way into law. I've tried to follow it as best I can but it's incredibly confusing to me. Always love John and Hank's explanation videos!

  88. romansten9 says:

    "Tax break"

    A misnomer for someone that has OVERPAID taxes for years, and finally gets to pay less, but still MORE than other people pay. Im poor myself, but sick of the lies. Tired of rich democrats stealing money to hand out so they can get elected. They use these fake terms like 'tax cuts" to make people angry. They know they are misleading in their terms.

  89. bail9418 says:

    Bet you feel stupid about this video now. With Trumps Tax Plan now passed. $10+ Trillion BULLSH*T

  90. Mfbsmd sifsai says:

    a flat ten percent income tax wont benefit the rich the most. Its ten percent for everyone.

  91. NICOLAS RIANI says:

    Do you have a book list for people wanting to learn about economic policy?

  92. Connor Locock says:

    VAT seems like a really good idea actually

  93. Geek Light says:

    YAY V.A.T.

  94. Geek Light says:

    Did you pause the video?

  95. smile444 says:

    https://youtu.be/kMRtB6yEavU?t=35s i would laugh if it wasn't so real

  96. Fire Phoenix Gaming says:

    Hey, this video is more than 4:00 long. You are gonna get punished

  97. Blue Bandit says:

    Love the idea of lower federal spending – smaller government is better government – let he people regain control

  98. Borussia Doormat says:

    Flat Tax was a great idea by Cruz

  99. Alex Ray says:

    Who would have thought that lower taxes for all would affect the people paying more in taxes the most.

  100. Maxwell58SSC says:

    lol federal revenue is up since trump implemented his tax plan 😛

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