The Rev. Jim Perry wants you to drink his kool-aid.
Posted on 10/28/2011 1:45:03 AM PDT by hocndoc
There’s at least one flaw in there: Perry’s plan has a child tax credit. Everyone takes a $12,500 deduction.
The Earned Income tax credit is one way to “spread the wealth around.”
Comparing Gingrich’s record on jobs during the boom years to ours in Texas over the last 3 years is a serious error.
I’d gladly support Perry in the general if he gets the nom, but I think conservatives would be better served by Herman Cain. Cain is bold and is a first rate orator able to think on his feet. His experience is all private sector and it ahows.
Unfortunately, both men are gaffe prone. Fortunately they both are honorable, with strong values and drive.
I tip my hat to your emphasis on what’s good about your favored candidzte and not trying to tear apart other conservatives and look forward to uniting with you in getting Obama out of the White House in 2012.
Maybe he's just pro-USA. ;)
40% of the voters identify as conservative. That is the largest voting bloc, twice the size of the communists (25%) and bigger than the social democrats (35%).
The communists and social democrats have formed a ruling coalition since 1933, and have gradually imposed their vision on society.
It is the perceived need to sustain and to continue a GOP that works against our interests that has handcuffed the conservative plurality.
In a three-way race, the conservative would win every time.
I didn’t know any of that. Thanks for posting the information.
I just realized that even I forget the “cut spending” emphasis in Governor Perry’s plan. And then, there’s the third part, “Growth.”
These are supported by the plans to make energy cheaper and more secure, which will make food and other goods cheaper.
Even as Rick Perry rolled out his own flat tax proposal, Newt Gingrich was quick to point out that he’s been a flat tax proponent since 1997. (“There are things I would to do, like a flat tax with virtual elimination of the IRS,” he said, back when he was Speaker of the House.)
Gingrich has his own flat tax plan on the table for 2012, and would like to “bump plans” with Rick Perry. To this end, he published a point-by-point comparison on his website. Right off the bat, I notice that Gingrich’s plan is also optional, although his rate is much lower – 15% to Perry’s 20%. The lower rate would probably win over more voluntary participants from the extremes of the income scale, but we’re still a long way from “virtual elimination of the IRS”… which would be obliged to service the old tax code, becoming the Windows 95 support department of the U.S. Treasury.
Gingrich doesn’t cap the deductions for charity and home ownership, while he notes both Perry and Romney include class-warfare caps for various aspects of their plans. Gingrich also proposes a much lower corporate tax rate of 12.5%, while Perry’s 20% is only average for an industrialized nation (although still much better than our insanely high current rates.)
Perry hasn’t talked about moving away from payroll taxes yet, but that’s usually a goal of flat tax reformers, and Gingrich would begin phasing them out right away. Besides facilitating far too much government bloat under the radar screen, the modern concept of the payroll tax always struck me as faintly tyrannical. Seizing someone’s income before they ever get to touch the money is closer to indenture than assessing a “tax.”
One of the most interesting differences Gingrich chooses to highlight with Perry’s plan is the way he treats state and local tax deductions. Perry retains this concept in his plan, but Gingrich would not allow taxpayers to deduct state and local taxes paid from their federal liability. He explains why: “The deduction is a federal subsidy for states to adopt higher state and local taxes. Removing the subsidy would lead states to reduce state and local taxes, or adopt their own flat tax reforms.”
That’s an interesting point, and logically consistent with the purpose of the federal tax system, which should be focused on funding the federal government in the most efficient, least painful manner possible. Our current federal system is headed for utter collapse… but several states will get there first. The federal subsidy of outrageous state taxes is one of the reasons so many states have turned into bloated, insolvent nightmares that make Uncle Sam blush.
“Plan bumping,” as Perry memorably described it to Herman Cain during the last GOP debate, is a great idea. All of these proposals can only benefit from competition with each other. Everyone on that Republican debate stage is a capitalist, so they should, by definition, be happy to engage in spirited competition to sell their intellectual products.
(Whispering) I wouldn’t bring up the Reverend thing. There’s only one Reverend in this race.
Nothing to support the CIS trash?
I’m sure that neither man will claim to have invented the flat tax.
Yeah, I'm gonna listen to this guy for sure.....
I refuse to push a half hearted pretender like Perry across the finish line. FReepers felt compelled to drag the fraud McCain through the general in 2008 with disastrous results. We can’t afford that scenario again mo matter how in love you are with Rick.
Of course not. But I’ve yet to be convinced one way or the other about Perry and immigration. His lack of support for a Confederate license plate isn’t a deal-breaking position of any importance.
I definitely don’t agree with Cain’s entitlements for the poor again, just like Obama, but Perry is the energy candidate for sure!
What is so conservative about Cain’s entitlement zones? Handouts basically if you live in the ghettos.
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