Ted Cruz in CNBC 2015 GOP primary debate


On Budget & Economy: Audit the Fed; then end quantitative easing

The first thing we need to do is audit the Fed. I am a co-sponsor of Rand Paul's audit the Fed legislation. The second thing we need to do is bring together a bipartisan commission to look at getting back to rules- based monetary policy, end this Star Chamber that has been engaging in this experiment of quantitative easing. The Fed should get out of the business of trying to juice our economy and focus on sound money and monetary stability, ideally tied to gold.
Source: GOP "Your Money/Your Vote" 2015 CNBC 1st-tier debate Oct 28, 2015

On Civil Rights: Don't empower more lawsuits by demanding equal pay

Q: Working women in this country still earn just 77% of what men earn. You've said you've been very sympathetic to our cause. I just wonder what you would do as President to try and help in this cause?

CRUZ: Well, we've got to turn the economy around for people who are struggling. The Democrats' answer to everything is more government control over wages and more empowering trial lawyers to file lawsuits. Under Barack Obama, 3.7 million women have entered poverty, and the median wage for women has dropped $733. The truth of the matter is, big government benefits the wealthy, it benefits the lobbyists, it benefits the giant corporations, and the people who are getting hammered are small businesses, it's single moms, it's Hispanics. That is who I'm fighting for, the people that Washington leaves behind.

Source: GOP `Your Money/Your Vote` 2015 CNBC 1st-tier debate Oct 28, 2015

On Corporations: Business flat tax of 16%; big business same as small

I rolled out my tax plan today. It is a simple flat tax where a family of four pays nothing on the first 36,000. After that, you pay 10 percent of the flat tax going up. The billionaire and the working man. No hedge fund manager pays less than his secretary. On top of that, there is a business flat tax of 16 percent. That applies universally to giant corporations and to small businesses.
Source: GOP "Your Money/Your Vote" 2015 CNBC 1st-tier debate Oct 28, 2015

On Principles & Values: I'm not guy to have beer with; I'm the guy to drive you home

I'm a fighter. I am passionate about what I believe. I've been passionate my whole life about the Constitution. For six and a half years, we've had a gigantic party. If you want someone to grab a beer with, I may not be that guy. But if you want someone to drive you home, I will get the job done. And I will get you home.
Source: GOP "Your Money/Your Vote" 2015 CNBC 1st-tier debate Oct 28, 2015

On Principles & Values: How about talking about the issues, unlike mainstream media

The questions that have been asked so far in this debate illustrate why the American people don't trust the media. This is not a cage match. And if you look at the questions: Donald Trump, are you a comic book villain? Ben Carson, can you do math? John Kasich, will you insult two people over here? Marco Rubio, why don't you resign? Jeb Bush, why have your numbers fallen? How about talking about the substantive issues?
Source: GOP "Your Money/Your Vote" 2015 CNBC 1st-tier debate Oct 28, 2015

On Principles & Values: I've been taking on government and my party

Who has stood up not just to Democrats, but to leaders in our own party? When millions of Americans rose up against ObamaCare, I was proud to lead that fight. When millions of Americans rose up against amnesty, I was proud to lead that fight. When millions of Americans rose up against Planned Parenthood, I was proud to lead that fight. If people are promising they're going to take on Washington and cronyism, you need to look to who has been doing it.
Source: GOP "Your Money/Your Vote" 2015 CNBC 1st-tier debate Oct 28, 2015

On Social Security: No changes for seniors; personal accounts for young

HUCKABEE [to Cruz]: This is a matter not of math; this is a matter of morality. If this country does not keep its promise to seniors, then what promise can this country hope to be trusted to keep?

CRUZ: Governor Huckabee is exactly right, we need to honor the promises made to our seniors. But for younger workers--look, I'm 44 years old--it is hard to find someone in my generation that thinks Social Security will be there for us. We can save and preserve and strengthen Social Security by making no changes for seniors; but for younger workers, gradually increasing the retirement age, changing the rate of growth so that it matches inflation and critically allowing younger workers to keep a portion of our tax payments in a personal account that we own, we control, and we can pass on to our kids. We can do both.

Source: GOP `Your Money/Your Vote` 2015 CNBC 1st-tier debate Oct 28, 2015

On Tax Reform: Eliminate payroll tax, death tax, business tax, and IRS

PAUL [to Cruz and others]: Much of the discussion is centered over whether or not the different tax plans help the middle class. Mine is unique in the sense that my tax plan actually gets rid of the payroll tax as well. It shifts it to the business, and it would allow middle class people to get a tax cut. If you just cut their income tax, there isn't much income tax to cut. Mine actually cuts the payroll tax, and it would spread the tax cut across all socioeconomic levels.

CRUZ: Rand is exactly right. His plan is a good plan, and I will note that my 10% plan also eliminates the payroll tax; eliminates the death tax; eliminates the business income tax; the 10% flat rate is the lowest personal rate any candidate up here has; and what it would also enable us to do is for every citizen to fill out their taxes on a postcard so we can eliminate the IRS.

Source: GOP `Your Money/Your Vote` 2015 CNBC 1st-tier debate Oct 28, 2015

On Welfare & Poverty: FactCheck: Yes, 3.7M women became impoverished since 2008

Attacking Pres. Obama's economic record, Cruz cited statistics showing conditions worsening for women under Obama's tenure: "Under Barack Obama, 3.7 million women have entered poverty. Under Barack Obama and the big government economy, the median wage for women has dropped $733," Cruz said.

A review of Census data indicates that Cruz is utilizing figures from 2011 & 2012. Cruz is right that between 2008 & 2012, 3.7 million women fell below the poverty line. He's also correct that in 2011, the median income for women is $732 less than it was in 2008. Even using updated figures, Cruz's assertion that women's income has fallen holds up. The median income for women in 2014 was still lower than it was in 2008.

Underlying Cruz's claim is that Obama's economic policies led to the drop in incomes, an assertion that's difficult to back up given the financial crisis predated Obama's inauguration. But he's accurate that based on the numbers, women's median incomes are worse off than they were in 2008.

Source: CBS4indy.com FactCheck on GOP 2015 CNBC debate Oct 28, 2015

The above quotations are from CNBC Two-Tier 2015 GOP primary debate
Your Money/Your Vote
First Tier: Ten candidates by polls
Second Tier: Four other Republicans
.
Click here for main summary page.
Click here for a profile of Ted Cruz.
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