Rand Paul released a new ad talking about his radical new tax plans, and Glenn couldn’t be more excited. It’s the best thing any candidate has said on the IRS to date. Will anyone be able to top it?
"He has just announced a radical tax plan. I'm telling you, this is erotic, it is so good," Glenn said.
Watch it below:
Rush transcript of the segment below, it may contain errors:
But I also want to spend a couple of minutes with Rand Paul. He has just announced a radical tax plan. I'm telling you, this is erotic, it is so good.
PAT: I'm in love with it. Even though I'm not a huge --
GLENN: Pat is not a huge Rand Paul fan. I looked at him -- he rolled his eyes when I said he has a tax plan you will like. He rolled his eyes. Then I said, you're thinking about it, aren't you? And he's like, oh, I am. Listen to this.
RAND: I'm running for president to defeat the Washington machine. And to do that, we have to drive a stake through the heart of the IRS and our terrible tax code. We need to tear it up and start over, with a plan that's simple, fair, and cuts taxes for every single American. Let's start with the workers tax cut. For most Americans, the biggest tax they pay is the FICA tax on their paycheck. And all anyone ever tries to do is raise that tax or pretend you're not paying it.
In my tax plan, the first thing we'll do is eliminate the workers tax. That's right. It's gone. Zero. Nothing. That means that every single working American would keep thousands of dollars more in their paycheck --
GLENN: FICA gone.
PAT: Yes! Seriously.
RAND: We're not stopping there. We will end corporate welfare and eliminate the army of lobbyists and tax lawyers gaming the system.
GLENN: I like that.
RAND: All special tax breaks will be gone, in exchange for one low flat rate of 14.5 percent that every single business will pay. No more billion-dollar corporations paying zero --
GLENN: But wait. There's more.
RAND: But also, no more mom-and-pop businesses paying 40 percent. Everyone pays the same, and it will grow our economy. In fact, the Tax Foundation studies show my plan will create nearly 2 million jobs. Finally, every American taxpayer, everyone will be able to file a very simple return on one page at a low and fair rate of 14.5 percent -- for every single American. And the guy with the most lawyers and accountants doesn't win; you do. My plan will cut taxes for everyone. It will end corporate welfare and special tax breaks. It will create jobs, and it will get the IRS out of your life.
GLENN: Amen. That is unbelievable. That's the best thing I've ever heard from any candidate on the IRS yet. Phenomenal. Rand Paul.