Posted on 10/25/2011 1:52:09 PM PDT by casinva
Too bad huh?
On the contrary,
Some of the plan seems to be present simply to HELP middle class income earners in particular!
With a 12,000 per person deduction, a family of 4 with a $50,000 income would be freed from higher taxes and have more of their middle class income left to spend for their family.
John Hayward of Human Events believes that Perry’s Cut, Balance, and Grow Plan is most definitely suited best to the middle class, in fact.
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As per the author’s thought...
What Upper Class Earners May Do:
On the other hand, if the existing tax code is preserved, a lot of upper income earners would probably choose to remain hidden within its weeds. Simplicity is not a big draw for them – they hire professionals to prepare their taxes. The unpredictability of having to guess how many people will choose the flat tax might throw static analysis hell-hounds off the trail, but it’s also the kind of uncertainty we need less of in our government. I come from a computer background, and the opt-in provision of Perry’s plan strikes me as keeping a complicated, crash-prone legacy system running in the basement, while simultaneously trying to install sleek new software in the front office. People always end up fiddling with the supposedly “dead” legacy system, and I suspect that would happen here, especially as the class-warfare crowd becomes rabidly fixated on anyone who uses the old tax code to pay less than 20%.
Result of Flat Tax Addition for Upper Income Earners: Their previous investments might make it more feasible for them just to stay with the current code, but it the other shoe fits, then hey, they can wear that other shoe instead.
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What Those Who Pay Few Taxes May Do:
Likewise, at the other end of the scale, an awful lot of people pay nothing – or receive net refunds – under the current system, and they don’t really spend their days dreading the arrival of their 1040 EZ forms. It won’t take long for them to decide that paying 20% on everything over $12,500 plus a mortgage interest deduction isn’t a good deal.
Result of Flat Tax Addition for lower income earners: No negative changes.
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What Middle Class Earners May Do:
It’s not likely that Perry’s opt-in flat tax would have a lot of takers outside of the middle class… which, of course, is where all the money is. That’s why the Left is forever trying to subdue them. That’s why the choke chain of the Alternative Middle Class was created to snare small businessmen. Maybe that’s the point Perry is trying to make.
Result of Flat Tax Addition for The Middle Class: With deductions which FINALLY take the middle class into account, middle class income earners will most likely be the biggest winners of Perry’s flat tax plan.
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Rick Perry Introduces “Cut, Balance, and Grow”
A plan the folks in Washington might not want to hear.
http://www.humanevents.com/article.php?id=47098
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The thing we need to remember though is that the “Cut, Balance, and Growth” Plan is a whole lot more than just simple tax reform. It includes a wide variety pro-growth measures, entitlement reform, and economic strategy.
Also, the “Cut, Balance, and Growth” Plan does not center its growth agenda on low-income-urban-renewal benefits to federally-eligible urban areas, so the growth benefits of reduced federal spending, deficit reduction and balanced budgets, entitlement reform, and increased growth incentives for all, individuals and businesses alike, are across-the-board benefits to all, not just a few, and not just in some areas.
And then let’s add Perry’s energy plan, which he is VERY experienced with as a long-term governor of an energy producing state, an energy plan which would put many millions of Americans back to work or in better paying jobs across the country. That’s good for everybody too.
More growth throughout the country, a stronger economy for all, more jobs, and more jobs at higher salaries ALWAYS help the average Rush Limbaugh listener!
Mark Levin is lauding Perry’s tax plan on his radio program, too.
Thanks Tom!
I just got back and posted one thing, then noticed this. I’m getting my computer feed going here now. Have I missed it all yet?
I’ve got it up now. http://www.wbap.com/
Governor Perry’s response was [something like], “I don’t care about that. I care that the money that creates jobs comes back into our economy”
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Dear damned capitalist,
And what Perry cares about is what is going to get America going full steam ahead for everybody!
Signed,
damned capitalist 2
2001:
added to the number of National Guards at Texas Airports
Creation of the Governor’s Task Force on Homeland Security
2002:
Border Facilities Fund Announcement San Antonio
2005:
2006:
Perry: Texas National Guard on Schedule in Operation Jump Start
Perry Authorizes More Border Security Funding, Virtual Border Watch Program
Border cameras (overview)
2007:
Gov. Perry Announces Phase II of State-Led Border Security Operation
Sheriff Fears Texas Gov. Perry's Anti-Illegal Immigration Push
Gov. Perry Praises Progress of Statewide Radio Communications Capabilities
2009:
Gov. Perry Expanding Operation Border Star – Sends Rangers, Guard to the Border
Texas Rangers' deployment to Mexico border a military-style effort
Video "They’ve gotta practice somewhere.”
Brownsville video on strategic fencing
2010:
National Guard Arrives in Texas Aug. 1
Texas Republicans protest plan to move National Guard troops off the border
Governor Perry’s Letter to Barack Obama
Governor’s Perry’s Homeland Security Strategic Plan for Texas, 2010 - 2015 (pdf)
Gov. Perry Releases Texas Homeland Security Strategic Plan 2010-2015
Gov. Perry Orders Activation of First Phase Of Texas Spillover Violence Contingency Plan
2011:
President Obama extends National Guard deployments along Texas-Mexico border
Perry Tours Border With Greta van Susteren
National Public Radio, "Texas Governor Wages Own Battle Along Border"
Some angry Texans are stuck south of the barrier
Texas Senate to the Feds: Pay for Border Security
Gov. Perry Adds Sanctuary Cities to Special Session Call
Gov. Rick Perry on House Passage of House Bill 12
Statement by Gov. Rick Perry Regarding Sanctuary City Legislation
Rush is a RINO LOL.
That’s certainly better than I’ve seen from other FR threads... the perception seems to be counter to this. I will keep an open mind; clearly Texas is ground zero when it comes to this. Thanks for the info (I like one-stop shopping for info!).
Thank you for reading that post. (I hate formatting, so thank you again for saying nice things about my work.)
I posted more links to Perry’s border record http://www.freerepublic.com/focus/news/2798124/posts?page=112#112
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