--Newt Gingrich, CPAC, February 10, 2012
I sure do like the sound of that... Can you imagine any other republican saying that -- We need to teach the Republican Establishment a lesson? sure do like that.
Im ready to describe my 15 percent flat tax as the "Mitt Romney" flat tax, Gingrich declared. Id like to bring everybody else down to Mitts rate, not try to bring him up to some other rate.
"I have proposed an alternative flat tax that people could fill out where you could either keep the current system this is what they do in Hong Kong . . . with all of its deductions and all its paperwork, or youd have a single page: I earned this amount. I have this number of dependents. Here is 15 percent. My goal is to shrink the government to fit the revenue, not to raise the revenue to catch up with the government (overspending)."
At 15 percent, the rich will pay more than those less rich. Someone who earns $100,000 would pay $15,000 in taxes, and someone who makes $100 million would pay $15 million. Doing simple math confirms that $15 million is much more than $15,000. That IS fair share.
Deroy Murdock wrote, "Republican primary voters now face mixed messengers: Gingrich possesses a luggage carousel worth of personal baggage, a visionary tax plan, and the courage of Godzilla. Romney presents a mere tote bag of quirks, a tepid tax proposal, and the bravery of a hummingbird."
Im ready to describe my 15 percent flat tax as the "Mitt Romney" flat tax, Gingrich declared. Id like to bring everybody else down to Mitts rate, not try to bring him up to some other rate.
"I have proposed an alternative flat tax that people could fill out where you could either keep the current system this is what they do in Hong Kong . . . with all of its deductions and all its paperwork, or youd have a single page: I earned this amount. I have this number of dependents. Here is 15 percent. My goal is to shrink the government to fit the revenue, not to raise the revenue to catch up with the government (overspending)."
At 15 percent, the rich will pay more than those less rich. Someone who earns $100,000 would pay $15,000 in taxes, and someone who makes $100 million would pay $15 million. Doing simple math confirms that $15 million is much more than $15,000. That IS fair share.
Deroy Murdock wrote, "Republican primary voters now face mixed messengers: Gingrich possesses a luggage carousel worth of personal baggage, a visionary tax plan, and the courage of Godzilla. Romney presents a mere tote bag of quirks, a tepid tax proposal, and the bravery of a hummingbird."