DeSantis: ‘I Want to Eliminate the IRS and I Would Like a Flat, One Single Rate Flat Tax’
‘That is the ideal tax system’
Jan 5, 2024 10:00 AM
By Grabien Staff
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EXCERPT:
DeSANTIS: "Oh, I mean, can I stop dreaming? I mean, like, wouldn’t you like to eliminate the IRS? What I would want is — I think I would eliminate the IRS, have a single rate, and just do, like, a flat tax. I think that would be the ideal tax system to be able to do. Take away the distortions. And what happens is — Florida is a good example of this. We have low tax and we cut taxes, and yet we attract more investment and our economic base expands. So, I run these big budget surpluses where we’re paying down debt by lowering rates. I think you look at some of the other states that are high tax states, they tax, they cause businesses to flee and individuals to flee, then they go back to the well and they tax more and it’s, like, a vicious cycle. So, low rates, broad base, ultimately is the best and most conducive to economic growth."