Many believe that the Ron Paul tax plan is insane, because the Ron Paul tax plan is, ultimately, “Eliminate the individual income tax! 0% for everyone!” People say, “We can’t possibly afford that!”
Surprise. Revenue from the individual income tax is $899bil (less than half of total federal revenues). Ron Paul’s spending plan is to cut $1000bil from the budget in just the first year.
In other words, if we did both these things in the first year, we would actually be shrinking the deficit. What’s insane is the budget plan of every other candidate, which grows our already monstrous deficit (and debt) indefinitely — none moreso than President Obama.