The word “deductions” was used 14 times in last night’s debate, but neither candidate specifically mentioned what our panel of economists suggested, eliminating the mortgage interest deduction and the deduction companies get for providing health-care to employees.
Three: Eliminate the corporate income tax. Completely. If companies reinvest the money into their businesses, that’s good. Don’t tax companies in an effort to tax rich people.
Four: Eliminate all income and payroll taxes. All of them. For everyone. Taxes discourage whatever you’re taxing, but we like income, so why tax it? Payroll taxes discourage creating jobs. Not such a good idea.