Ted Cruz

Ted Cruz's policies onTaxes

Introduce a flat tax of 10% for individuals

A family of four will pay no taxes on their first $36,000 of income.

The plan exempts a large amount of initial income for low- and middle-income taxpayers, with a $10,000 standard deduction and $4,000 personal exemption. It also keeps the Child Tax Credit and expands and modernizes the Earned Income Tax Credit with greater anti-fraud and pro-marriage reforms.

The plan keeps the charitable giving deduction and features a home mortgage interest deduction, capped at principal value of $500,000.

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