The National Taxpayers Union Foundation (NTUF) reports that GOP presidential candidate Sen. Ted Cruz (R-TX) has supported measures to reduce federal spending by $169.4 billion a year during his time in Congress.
“Cruz’s average tallies $10 billion more in spending cuts than his Republican colleagues. For every dollar of new spending, Cruz’s agenda would cut $8.47 billion in spending,” the press release states.
“Senator Cruz supported significant spending reductions like repeal of the Affordable Care Act and abolishing the IRS and income tax in favor of a sales tax,” said Demian Brady, NTUF Director of Research. “Combined with very minimal spending increases, these make for a legislative slate big on savings.”
NTUF’s BillTally examined and analyzed the cost impact of Cruz’s legislation he sponsored during the first session of the 113th Congress and found not only would it reduce federal spending by $169.4 billion each year, but also his repeal of Obamacare would cut federal spending by close to 64 billion dollars per year.
Cruz’s plea to abolish the IRS and the federal income tax and replace it with a national sales tax would save 96.9 billion dollars over five years.
Brady added, “NTUF’s data continues to provide a clear picture of the fiscal history of Members of Congress, helping to enlighten on the costs of the policies politicians support.”
In contrast, the NTUF analysis found Democratic presidential candidate Sen. Bernie Sanders (I-VT) pushed more than a one trillion dollar annual spending during his time in the Senate, and Democratic frontrunner Hillary Clinton proposed 226 billion dollars in new spending.
Cruz’s fellow GOP presidential candidate Sen. Marco Rubio (R-FL) proposed $330 billion in cuts while Sen. Rand Paul (R-KY) proposed on average a $484 billion spending reduction.