Ted Cruz Is New Winner in Richie Rich Tax Contest

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Hooray! The Tax Policy Center has analyzed Ted Cruz’s tax plan, which means we now have data for all of the top four Republican candidates: Donald Trump, Jeb Bush, Marco Rubio, and Cruz. Click the links for details. Or just look at the charts below for the nickel summary.

Folks, Ted Cruz is killing it. The other guys are touting tax plans that give paltry income gains to the middle class and big income gains to the rich. Cruz gives the usual paltry sop to the middle class, but incomes of the rich would skyrocket 26 percent under his plan. 26 percent! That’s what I call a tax plan.

Trump is still the winner in the budget-busting contest, but Cruz is close. His plan would increase the deficit $8.6 trillion over ten years. Overall, I have to say that Cruz is bringing his A game. If you calculate his Richie Rich Index™—percentage deficit increase plus percentage income increase for the rich—Cruz clocks in with a score of 87.4, beating out Trump by a hair. Congratulations, Ted.

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DEMOCRACY DOES NOT EXIST...

without free and fair elections, a vigorous free press, and engaged citizens to reclaim power from those who abuse it.

In this election year unlike any other—against a backdrop of a pandemic, an economic crisis, racial reckoning, and so much daily crazy—Mother Jones' journalism is driven by one simple question: Will America will move closer to, or further from, justice and equity in the years to come?

If you're able to, please join us in this mission with a donation today. Our reporting right now is focused on voting rights and election security, corruption, disinformation, racial and gender equity, and the climate crisis. We can’t do it without the support of readers like you, and we need to give it everything we've got between now and November. Thank you.

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