[Quoting Ramesh Ponnuru in Bloomberg] "All in all, then, what Paul is proposing is a big tax cut for high earners and businesses with almost no direct benefits for most Americans.
For the middle class, however, the plan looks like a wash:H
And when you look at the article you see that it's mischaracterized. He claims "For the middle class, however, the plan looks like a wash" because the massive tax cut would be offset by two factors:
1) The replacement of the corporate income tax with a 14.5% "business activity tax" that doesn't include labor costs as a deduction. He treats this as if it were a hidden 14.5% tax on goods, neglecting the compensating benefits of reducing the corporate income tax, AND the costs of computing it and changing business decisions to work around it, to zero. (Yes, some corporations manage to structure their operations so they can get their corporate tax below 14.5%, or even down to zero. Want to bet whether it costs them less than 14.5% when tax-hacking costs are included?)
2) The alleged reduction in benefits to the middle class from cuts in government spending. Do YOU think that the middle-class actually gets any substantial benefits from the government spending that would be cut? Then take into account that cuts in government spending tend to stimulate the economy BIG time (by not having so much of its blood drained every time it circulates another round), something that his source for this claim - the pro-business "The Tax Foundation" - explicitly ignores in its analysis.
IMHO Ponnuru's article was another hit piece - part of business interests' attempts to convince the voters that tax reform plans which favor the working / middle classes, growing the pie and letting them keep a bigger piece of it, are bad ideas, so they elect another shill who is in the moneyed interests' pocket.