[Logophile]

The tax on businesses would be based on their gross receipts but allow them to deduct from that either their employees' compensation, including benefits, or their manufacturing and production costs, also known as cost of goods sold.

Oh no, not a gross receipts tax. Are these people out of their minds?

[mnehring]

I wouldn't worry about this (gross receipts tax) passing muster.. Perry killed a couple of proposals like this before.. remember, this article is just a proposal/suggestion, not an actual bill that is being presented..