Marc Gerson Quoted on Proposed Flat Tax Plan by Senator Cruz in InvestmentNews

"Ted Cruz gaining anti-Trump momentum, seen as friend of financial industry"
InvestmentNews
03.23.16Marc Gerson was quoted regarding the proposed tax plan of Senator Ted Cruz as he competes for the Republican Party's nomination in the upcoming presidential election. Senator Cruz's proposal includes a tax exemption on the first $36,000 of income as well as a new "universal savings account," which allows up to $25,000 of tax-deferred savings annually. "No tax on the first $36,000 plus the new USA accounts potentially creates opportunities for lower-income individuals to participate in investment activity," Gerson said. "It may be a new opportunity in the retail market, although perhaps not a particularly profitable one."
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