Carson: Flat Tax Rate Will Decline Over Time, Have ‘Six-Month Hiatus’ On Corporate Taxes

Republican presidential candidate Dr. Ben Carson stated that under his tax plan, the flat tax rate would decline from a probable initial rate of 10-15% and that he would have a “six-month hiatus” on corporate taxes on Saturday’s “Larry Kudlow Show” on New York City’s WABC.

Carson stated that the tax rate under his flat tax proposal “would probably somewhere between 10 and 15% initially, and will gradually go down as we get the debt under control,” with no loopholes or deductions.

When asked about fellow GOP presidential candidate Donald Trump’s proposal for a 15% corporate income tax, Carson said he would advocate “a six-month hiatus on taxes, corporate taxes” to allow corporate dollars that are held overseas to come back to the US. He added there would a stipulation that “10% of it has to be used in enterprise zones, or to create jobs for unemployed people, or people on welfare.” Carson continued that he favors lowering the corporate tax rate.

Follow Ian Hanchett on Twitter @IanHanchett


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