Rand Paul to Unveil Flat Tax Plan

Sen. Rand Paul (R-KY) “will reveal his plan to overhaul the tax code on Thursday. Expect Steve Forbes to be pleased,” the New York Times reports.

“Mr. Paul, who is hoping his small-government, libertarian-inspired approach to governing will translate into support as he seeks the Republican presidential nomination, will call for a flat tax in the midteens… That would appear to be an even lower rate than Mr. Forbes proposed in 1996 when he ran for president on a platform of lowering the rate for everyone to 17 percent. Mr. Forbes is now credited with popularizing the term ‘flat tax’ in the country’s campaign vernacular.”