CNN Moneyline: Rand Paul's hopes for a flat taxSubmitted by emalvini on Mon, 03/31/2014 - 13:11
By Jeanne Sahadi @CNNMoney March 31, 2014: 7:27 AM ET
NEW YORK (CNNMoney) - When it comes to taxes, Rand Paul wants them simple and flat.
The blunt-spoken, Libertarian-leaning senator from Kentucky, who won the 2016 presidential straw poll among leading conservatives, favors a flat tax: a one-rate income tax system with a minimum of tax breaks for individuals and businesses.
But Paul hasn't settled on what that rate should be.
He has publicly discussed 17%. An aide said if Paul does make a formal proposal, the rate would not be higher than 17% and could be lower.