So where is Perry’s tax plan?
Oh yeah, he forgot to bring it to the economic debate. (”Can I have a three day extension, professor?”)
The fact is we are on the verge of a severe collapse in our standard of living unless we 1) re-incentivize the production of goods within the U.S. and 2) raise the abysmal savings rate.
Cain’s plan is the only one that gets to the root of these problems.
Of course we need to cut regulations and cut spending and open up domestic energy production as well.
But the Cain tax plan would provide a solid foundation for manufacturing in the United States.
Where are the jobs going to be for all of those tens of millions of illegals and their children whom Rick Perry wants to legalize, since our manufacturing base is going overseas, if we don’t turn it around and soon?
I don’t know what the Dunce’s plan is, and I don’t really care. I do know that Cain’s plan is idiotic, and toxic, and destined for a deserved failure. Really dumb on his part to hang his whole identity on such a bad plan. I guess he didn’t think he’d actually have a shot. Just wanted to use a gimmick to raise his profile and sell some books. Now he’s stuck with it. Hopefully the GOP electorate aren’t ALL suckers.
C'mon, give Perry a break. As he said to Romney in the debate last night, "I've only had 8 weeks to prepare an economic plan, you've been preparing for 6 years." (Or something like that.)
Why would we expect a candidate for President to have thought about the economy for more than 8 weeks? Can't he just figure it out on the campaign trail? /sarc
Does that strike you as odd? Wouldn't you think that you would have some type of plan if you were going to run?
Perry's priority has always been to cut spending, first, and to cut the influence of the federal government in our lives.
Here's what he's said in the past:
"In the wake of the New Deal, We have allowed Progressives to successfully frame the debate. Republicans constantly allow themselves to be trapped into thinking they are against people if they oppose certain programs." (p. 55,location 945 kindle)
"First, we must restrict federal spending. Rampant and wasteful spending in Washington is an affront to both freedom and federalism. The most important thing we could do is amend the Constitution — now — to restrict federal spending. There are generally thought to be two options: the traditional balanced budget amendment or a straightforward spending limit amendment, either of which would be a significant improvement. I prefer the latter. It is imperative that we establish a constitutional requirement that the federal government live within its means like states and most American households must do—but I don’t want the Washington establishment to hide behind tax increases to balance the budget. Let’s use the people’s document—the Constitution—to put an actual spending limit in place to control the beast in Washington." (p.181)
"Second, we should restrict the unlimited source of revenue that the federal government has used to grow beyond its constitutionally prescribed powers. One option would be to totally scrap the current tax code in favor of a flat tax, and thereby make taxation much simpler, easier to follow, and harder to manipulate. Another option would be to repeal the Sixteenth Amendment to the Constitution (providing the power for the income tax) altogether, and then pursue an alternative model of taxation such as a national sales tax or the Fair Tax." (p.182)
Perry, Rick (2010-11-15). Fed Up!: Our Fight to Save America from Washington. Little, Brown and Company. Kindle Edition.