Rand Paul Wants $2 Trillion Tax Cut With 14.5% Flat Rate

Senator Rand Paul, a Republican from Kentucky and 2016 U.S. presidential candidate, speaks during a campaign event in Davenport, Iowa, U.S., on Thursday, May 28, 2015.

Photographer: Daniel Acker/Bloomberg

Republican Senator Rand Paul’s plan to overhaul the U.S. tax system calls for a 14.5 percent federal flat tax for consumers and companies, the elimination of almost all deductions and the abolition of several other levies.

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