Perry:
“..My plan also abolishes the death tax once and for all, providing needed certainty to American family farms and small businesses.
..To help older Americans, we will eliminate the tax on Social Security benefits, boosting the incomes of 17 million current beneficiaries who see their benefits taxed if they continue to work and earn income in addition to Social Security earnings.
We will eliminate the tax on qualified dividends and long-term capital gains to free up the billions of dollars Americans are sitting on to avoid taxes on the gain.
....Cut, Balance and Grow also gives younger workers the option to own their Social Security contributions through personal retirement accounts that Washington politicians can never raid. Because young workers will own their contributions, they will be free to seek a market rate of return if they choose, and to leave their retirement savings to their dependents when they die.”
AND there’s more.
http://online.wsj.com/article/SB10001424052970204777904576651330270547222.html?mod=rss_opinion_main
Oh, so it includes private retirement accounts? And you say that 9-9-9 can’t pass? Wake up and smell what you’re shoveling.
This plan is a joke and so is Rick Perry.