Rick Perry's new tax plan. Hot off the press!

The CATO Institute is giving this plan a B+ and they prefer it over the 999 plan.

http://www.cato-at-liberty.org/

You can watch the sppech on RickPerry.org at 9 our time if you want to see the details. There is so much more to it that is great that they just announced on the conference call. And there are about 12 things to fill out on your tax return with this. And that is including your name, address and SS#. So easy and we don't need to spend $438 billion to print our books to explain it and all the different forms and all the millions of hours that the IRS has to spend checking each return

Fox News weighs in....

Rick Perry's Tax Plan Would Be a Disaster for America

Seeking to jump start his flagging presidential campaign and establish his pro-growth and fiscal responsibility credentials, Governor Rick Perry is unveiling a tax plan that will not jump start the economy and is fiscally irresponsible.

In a nutshell, Mr. Perry would give taxpayers a choice between filing under the current income tax system—with all its flaws—and an alternative flat tax 20 percent system. Under the latter, families could maintain their mortgage deductions if they earn less than $500,000, which is about 99 percent of taxpayers, and could declare exemptions of $12,500 for each family member.

It seems appealing—a simplified tax system, fewer IRS agents, and so forth. But the plan falls short in two important respects—it won’t encourage many better investment decisions and foster growth, and it will spin the federal deficit permanently into the stratosphere.

http://www.foxnews.com/opinion/2011/10/ ... r-america/

Business Insider weighs in....

Rick Perry's Tax Plan Is Another Campaign Blunder

Rick Perry has just unveiled his tax-plan. It institutes a 20 percent flat tax that maintains the charitable and mortgage interest deductions. But Perry doesn't have all that much faith in his scheme, as he would allow anyone who wants to file under the current code the option to do so.

This is an admission that for many Americans the status quo is actually better than anything Rick Perry's team can devise.

Perry's tax plan would preserve all the confusion, waste, and market distortions in the current code, and add another layer. The politicians who manage that would get a new tax code to fiddle with as a bonus — one that has little substance beyond massively cutting taxes for the wealthy. Perry is selling simplicity to the GOP's base voters — that's the most appealing thing about a flat-tax — but most of these voters would actually pay less under the current more confusing code.

Perry's editorial outlining his plan didn't even mention whether his team believed it was revenue-neutral. Does he care? Probably not. Does it matter? Of course not. This plan is only good for disqualifying the candidate who bothered to suggest it.


http://www.businessinsider.com/rick-per ... z1boH2LTtX

Conservation Voice wrote: Fox News weighs in....

Rick Perry's Tax Plan Would Be a Disaster for America

Seeking to jump start his flagging presidential campaign and establish his pro-growth and fiscal responsibility credentials, Governor Rick Perry is unveiling a tax plan that will not jump start the economy and is fiscally irresponsible.

In a nutshell, Mr. Perry would give taxpayers a choice between filing under the current income tax system—with all its flaws—and an alternative flat tax 20 percent system. Under the latter, families could maintain their mortgage deductions if they earn less than $500,000, which is about 99 percent of taxpayers, and could declare exemptions of $12,500 for each family member.

It seems appealing—a simplified tax system, fewer IRS agents, and so forth. But the plan falls short in two important respects—it won’t encourage many better investment decisions and foster growth, and it will spin the federal deficit permanently into the stratosphere.

http://www.foxnews.com/opinion/2011/10/ ... r-america/

Serious? FOX News? They are so in bed with Romney that I don't even watch them anymore. They never showed one minute of the speech. CNN did. And they never discussed it after.

Grover Norquist said he cannot find anything in Perry's plan that he doesn't like. Club for growth said it is a great plan and gave it thumbs up. CATO institute gave it a B+ and likes it better than Cains plan. So far great reviews!

Conservation Voice wrote: Business Insider weighs in....

Rick Perry's Tax Plan Is Another Campaign Blunder

Rick Perry has just unveiled his tax-plan. It institutes a 20 percent flat tax that maintains the charitable and mortgage interest deductions. But Perry doesn't have all that much faith in his scheme, as he would allow anyone who wants to file under the current code the option to do so.

This is an admission that for many Americans the status quo is actually better than anything Rick Perry's team can devise.

Perry's tax plan would preserve all the confusion, waste, and market distortions in the current code, and add another layer. The politicians who manage that would get a new tax code to fiddle with as a bonus — one that has little substance beyond massively cutting taxes for the wealthy. Perry is selling simplicity to the GOP's base voters — that's the most appealing thing about a flat-tax — but most of these voters would actually pay less under the current more confusing code.

Perry's editorial outlining his plan didn't even mention whether his team believed it was revenue-neutral. Does he care? Probably not. Does it matter? Of course not. This plan is only good for disqualifying the candidate who bothered to suggest it.


http://www.businessinsider.com/rick-per ... z1boH2LTtX

LMAO!! :rofl rofllol I just read this and this guy is 180 degrees opposite of most eveyone else. He is clueless and just watch. He will be eating his words because he is totally wrong and I looked him up and another one who speaks highly of Romney.

The fact that the Establishment is so against Perry on both the left and the right speaks volumes about how he is NOT an establishment candidate.

If Rick Perry's tax plan were to hang leprechauns upside down, shake them, and collect the gold coins Viking would think it's the greatest idea ever! :bash

The Viking wrote: The fact that the Establishment is so against Perry on both the left and the right speaks volumes about how he is NOT an establishment candidate.

Wow....if that is how a candidate should be judged, you should be loving Obama. The establishment is against him too.

archer wrote:

The Viking wrote: The fact that the Establishment is so against Perry on both the left and the right speaks volumes about how he is NOT an establishment candidate.

Wow....if that is how a candidate should be judged, you should be loving Obama. The establishment is against him too.

:rofl rofllol Good one!! :rofl rofllol