Even better, Texas Gov. Rick Perry will, in a few days, unveil his version of a flat tax, a concept that I have long advocated.
The flat tax would junk the current code and replace it with a single rate that would apply to all incomes after generous deductions. There would be no tax on your savings and there would be no death tax -- you should be allowed to leave the world unmolested by the IRS. The business profit tax would also be slashed -- all those poisonous loopholes would be eliminated. You could do your tax return on a single sheet of paper. Under the plan I introduced in the 1990s, for instance, a family of four would have paid no federal income tax on their first $36,000 of income and only 17 cents on the dollar above that level.
Exactly.
Sounds to me as though Steve Forbes could get on the Cain train if Perry stalls out and Cain is the train that’s leaving the station.
There’s no reason why a President Cain couldn’t take advice from Steve Forbes or have him work together with Laffer and Moore on a final plan to present to Congress.
That said, with two good plans on the table, the question is what else do Cain and Perry have going for them in terms of being President?