Fox Business 2015 GOP primary debate: on Tax Reform


Ben Carson: Cancel mortgage deduction and charitable deduction

Everybody should pay the same proportion of what they make. You make $10 billion, you pay a billion. You make $10, you pay one. You also have to get rid of deductions. There are a lot of people who say, if you get rid of the deductions, you ruin the American dream because, you know, home mortgage deduction. People had homes before 1913 when we introduced federal income taxes. They say there will be no more charitable giving. We had churches before that and charitable organizations before that.
Source: Fox Business/WSJ Second Tier debate Nov 10, 2015

Bobby Jindal: 3-tiered tax rate: 25%/10%/2%, with 2% for even the poorest

Q: What is the highest percentage, all in, in the way of taxes, that any American should have to pay and what is the lowest? I'd like to to hear from each of you.

JINDAL: Under our tax plan, look, the top rate is 25 percent, 10 percent, 2 percent. That 2 percent is the most important. I think everybody should pay something. I think everybody should have skin in the game. We shouldn't be creating one group of Americans that's dependent on government, another group that's paying taxes

Sen. SANTORUM: I have a 20% flat tax. That's on all income--so capital gains, corporations, individuals, 20%. I think that's a fair number. [With state taxes, that makes] probably 33% overall.

Gov. CHRISTIE: Our plan puts forward a rate of 28% for those who are making the most and 8% on the low end. We get rid of all deductions except for the home mortgage interest deduction and the charitable contribution deduction. That means getting rid of the state and local income tax deduction.

Source: Fox Business/WSJ Second Tier debate Nov 10, 2015

Chris Christie: Get rid of deductions except charitable & mortgage deduction

Q: What is the highest percentage, all in, in the way of taxes, that any American should have to pay and what is the lowest? I'd like to to hear from each of you.

CHRISTIE: Our plan puts forward a rate of 28% for those who are making the most and 8% on the low end. We get rid of all deductions except for the home mortgage interest deduction and the charitable contribution deduction. That means getting rid of the state and local income tax deduction because that will put more pressure on governors and on local officials not to keep raising those taxes, saying we can deduct them. So ours will be 28 on the high end, 8 on the low end.

Sen. SANTORUM: I have a 20% flat tax. That's on all income--so capital gains, corporations, individuals, 20%. I think that's a fair number. [With state taxes, that makes] probably 33% overall.

Gov. JINDAL: Under our tax plan, the top rate is 25%, [then for the middle class] 10%, [then everyone else pays] 2%.

Source: Fox Business/WSJ Second Tier debate Nov 10, 2015

Chris Christie: Get rid of all deductions; get government off our backs

Make the tax code fairer, flatter, and simpler. People feel like the tax code is rigged for the rich, and you know why they feel that way? Because it is. We'll get rid of special interest deductions except for the home mortgage interest deduction and the charitable contribution deduction. Everyone will get lower rates, keep more of their own money, be able to file their tax returns in 15 minutes. We need to get the government off our backs.
Source: Fox Business/WSJ Second Tier debate Nov 10, 2015

Mike Huckabee: 22% of cost of goods is embedded taxes; take that tax out

Q: Americans, under your plan, would pay a tax on every single thing that they purchase. Given that consumer spending accounts for 2/3 of GDP, wouldn't your tax plan would actually discourage spending, thereby slowing our economy?

HUCKABEE: Well, do you know an American that will just stop spending? I don't. Look, Americans will go to the marketplace with more money they've ever had. For the first time they'll be having their whole paycheck. You see, most people don't understand that when you buy something that is made in America, 22% of the cost of it is the embedded tax they never even know they paid. It's why China has beaten the daylights out of us: they can build stuff that we can't because they're not taxing it; they don't tax capital and labor and we do. They bring something over here, it's automatically cheaper even without the regulatory environment because they're not embedding the taxes; we are. Take the embedded taxes out.

Source: 2015 Fox Business/WSJ Second Tier GOP debate Nov 10, 2015

Mike Huckabee: FairTax is better than punishing productivity

If we got rid of all the taxes on our work, got rid of the taxes on our savings, investments, capital gains, and inheritance, and made a zero tax, we'd pay at the point of consumption. Why should we punish people for their productivity? The FairTax doesn't punish people for doing well and building the economy. Give a person his whole paycheck because every American would no longer have a payroll tax taken out.
Source: Fox Business/WSJ Second Tier debate Nov 10, 2015

Rand Paul: Refundable tax credits are same as welfare transfers

Sen. Marco RUBIO: [My tax plan includes] a child tax credit increase.

Sen. Rand PAUL: He's talking about giving people money they didn't pay. It's a welfare transfer payment. Is it conservative to have $1 trillion in transfer payments--a new welfare program that's a refundable tax credit?

RUBIO: First of all, this is their money. They do pay. It is refundable, not just against the taxes they pay on their federal income tax, but also it's refundable against the payroll tax. Everyone pays payroll tax. This is their money. This is not our money. And here's what I don't understand--if you invest that money in a piece of equipment, if you invest that money in a business, you get to write it off your taxes. But if you invest it in your children, in the future of America and strengthening your family, we're not going to recognize that in our tax code? The family is the most important institution in society.

PAUL: Nevertheless, it's not very conservative, Marco.

Source: Fox Business/WSJ First Tier debate Nov 10, 2015

Rand Paul: Penny Plan: cut 1% across the board; balance budget in 2020

My tax plan is the only plan that is part of a balanced budget plan. The question came up earlier, where would you cut? Nobody likes to say where they would cut. I've put pencil to paper and done three budgets that actually balance. I'm also in favor of a plan called the penny plan where we'd just cut 1 percent across the board and the budget actually balances in less than five years.
Source: Fox Business/WSJ Second Tier debate Nov 10, 2015

Rick Santorum: 20% flat tax on all income of all types

Q: What is the highest percentage, all in, in the way of taxes, that any American should have to pay and what is the lowest? I'd like to to hear from each of you.

SANTORUM: I have a 20 percent flat tax. That's on all income--so capital gains, corporations, individuals, 20 percent. I think that's a fair number. I don't allow for deductibility of state and local taxes, which will require state and local taxes to go down. So the answer is, 20 percent and probably 33 percent overall.

Gov. JINDAL: Under our tax plan, the top rate is 25%, [then for the middle class] 10%, [then everyone else pays] 2%.

Gov. CHRISTIE: Our plan puts forward a rate of 28% for those who are making the most and 8% on the low end. We get rid of all deductions except for the home mortgage interest deduction and the charitable contribution deduction. That means getting rid of the state and local income tax deduction.

Source: Fox Business/WSJ Second Tier debate Nov 10, 2015

Ted Cruz: There are more words in the tax code than in the Bible

The current system isn't fair. Washington is fundamentally corrupt. There are more words in the IRS code than there are in the Bible and not a one of them is as good. Every one of them reflects a carve-out or a subsidy, and it's all about empowering the Washington cartel. My simple Flat Tax says that, for a family of four, for the first $36,000 you earn, you pay no taxes whatsoever. No income taxes, no payroll taxes, no nothing. Above that, every American pays 10 percent across the board.
Source: Fox Business/WSJ Second Tier debate Nov 10, 2015

  • The above quotations are from Fox Business/Wall Street Journal Two-Tier 2015 GOP primary debate
    First Tier: Top Eight by polls
    Second Tier: Four other Republicans
    .
  • Click here for definitions & background information on Tax Reform.
  • Click here for other issues (main summary page).
  • Click here for more quotes by Ben Carson on Tax Reform.
  • Click here for more quotes by Donald Trump on Tax Reform.
2016 Presidential contenders on Tax Reform:
  Republicans:
Gov.Jeb Bush(FL)
Dr.Ben Carson(MD)
Gov.Chris Christie(NJ)
Sen.Ted Cruz(TX)
Carly Fiorina(CA)
Gov.Jim Gilmore(VA)
Sen.Lindsey Graham(SC)
Gov.Mike Huckabee(AR)
Gov.Bobby Jindal(LA)
Gov.John Kasich(OH)
Gov.Sarah Palin(AK)
Gov.George Pataki(NY)
Sen.Rand Paul(KY)
Gov.Rick Perry(TX)
Sen.Rob Portman(OH)
Sen.Marco Rubio(FL)
Sen.Rick Santorum(PA)
Donald Trump(NY)
Gov.Scott Walker(WI)
Democrats:
Gov.Lincoln Chafee(RI)
Secy.Hillary Clinton(NY)
V.P.Joe Biden(DE)
Gov.Martin O`Malley(MD)
Sen.Bernie Sanders(VT)
Sen.Elizabeth Warren(MA)
Sen.Jim Webb(VA)

2016 Third Party Candidates:
Gov.Gary Johnson(L-NM)
Roseanne Barr(PF-HI)
Robert Steele(L-NY)
Dr.Jill Stein(G,MA)
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Page last updated: Sep 05, 2016