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The GOP tax plan currently being poked and prodded in the House would eliminate certain tax breaks that would actually raise taxes for people in high-tax states like New York and California. He also asked for language to be added to the bill that would repeal the individual mandate in Obamacare.
These are two points that every conservative and/or Federalist should appreciate. Raising taxes on anyone, even those in blue states, goes against the mandate set by the people when they gave control of the House and Senate to the GOP. As for repealing the mandate, this is an absolute no-brainer. It’s actually quite shocking the language isn’t included in the GOP already.
Republican strategy on the House tax bill is pretty straight forward. The way they see it, the states that will be negatively affected are states that the GOP can’t win often anyway. This is, of course, a very shortsighted strategy, but in their quest to not explode the deficit and mitigate expansion of debt, they view it as acceptable to essentially punish those who choose to live in high-tax states.
“There are some taxpayers who are losing exemptions, particularly in some high-tax states like New York or California that could conceivably be paying higher taxes. I think that is a mistake. I think tax reform needs to cut taxes for everybody,” Cruz said Tuesday.
Cruz joins Senators Rand Paul and Tom Cotton in calling for the mandate repeal. Doing so would prevent tax penalties on those who choose not to buy health insurance.
“One of the real virtues of repealing the individual mandate, number one, [is] every Republican in the Senate has voted to repeal the individual mandate, 100 percent of us,” Cruz said.
For whatever reason, the House does not intend to tackle this according to a source familiar with the tax bill. It’s set to be unveiled Thursday.
Sen. Ted Cruz (R-TX) is the latest conservative to oppose the GOP’s tax reform plan. Cruz, who can’t get past those tax hikes, joins the likes of Sens. Tom Cotton (R-AR) and Rand Paul (R-KY), who want Republicans to remove the Obamacare individual mandate tax from the bill.
The provision would raise an estimated $300 billion to $400 billion over the next decade, which Cruz and other Senate conservatives say could be used to lower individual tax rates even further.
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