Perry’s 20/20 Plan
Original post made by Cindy Cross on Oct 29, 2011
Rick Perry has developed a new tax plan to try jump starting his campaign. His plan, which he calls Cut, Balance, and Grow, is an alternative to Herman Cain's 9-9-9 tax plan.
Perry's plan would call for a 20% flat tax for individuals, a 20% corporate tax rate, a 5.25% tax rate on overseas profits and would cap spending at 18% of GDP.
"Taxes are too high, too complex, and too riddled with special interest loopholes," his plan is so simple that Americans will be able to "file their taxes on a postcard," Perry wrote in the Wall Street Journal.
In reference to Mitt Romney's plans to jumpstart the economy Perry said,"Others simply offer microwaved plans with warmed-over reforms based on current ingredients. Americans, however, aren't searching for a reshuffling of the status quo, which simply empowers the entrenched interests. This is a change election, and I offer a plan that changes the way Washington does business."
Critics of Perry's 20% plan say that the top 1% would be paying less than they are now.
Along with the flat tax, in order for Perry's plan to succeed, Americans must be willing to raise the age to receive Social Security and Medicaid benefits, and those in higher income levels must agree to either receive less in benefits or none at all.
Perry is determined to raise his percentage in the GOP poles, where he took a big hit during an early debate when he defended his approval of offering the children of illegal immigrants a break on college tuition in Texas.
Perry has been going after the jugular with Mitt Romney; going head to head with him during debates, and pointing out Romney's 'flip-flopping' in the media.
Will Perry's 20/20 plan hold any water during the next debate on November 9th?
on Oct 29, 2011 at 2:41 pm
Perry team was forced to come up with something financial, since Cain had 9-9-9 (even tho full of major flaws), and Romney had a genuine 59 point financial plan. Sadly, politician Perry did not create a plan...instead came up with a partially plagiarized old 'postcard' plan of Steve Forbes. But, he wasn't even committed enough to it, so he qualified it with , unless you don't want to use that plan. I guess that means we'd still need same IRS, and we choose?? maybe it's not so different ? maybe it's not really worked out yet, which is maybe why he's talking about not bothering with more 'debates' which he says are a 'waste' of his campaign time. Sounds pretty cowardly to me.
He's going to have to come up with some 'committments'. I guess he gives new meaning to 'SWING' voter, since DEM Perry voted for Jimmy Carter, then campaigned for and contributed to AL GORE ! ! A party flipper like Perry could be called an opportunist, a bit short on core beliefs. He's more like an ol' boy LBJ politician, Texas cronism to the core...except this isn't a Texas crony campaign...there are 49 other states that aren't too impressed with his Texas style of politics, owned by the big oil cronies. I fear Perry's petty style of politics is not what our country needs in 2011.
Petty Perry's meaningless and gratuitous hits at Romney means maybe Perry's not ready for prime time. If he can't win on his own merit, maybe he should just stay in the deserts of Texas.
on Oct 29, 2011 at 5:48 pm
perry is over...
on Oct 30, 2011 at 2:13 pm
Isn't it interesting how the judgemntal religious bigots became so silent once their hypocritical, unchristian-like behavior was exposed for all to see what they really are.