Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Perry’s tax plan strikes chord, one-ups Romney
Ft. Wayne Journal Gazette ^ | Oct 26, 2011 | Perry Bacon Jr.

Posted on 10/26/2011 1:59:01 AM PDT by Cincinatus' Wife

GRAY COURT, S.C. – Rick Perry, Republican presidential candidate and Texas governor, has released an economic plan full of long-held conservative goals, including personal accounts for Social Security, an optional flat tax, major spending cuts and a series of tax cuts.

The plan would reduce the corporate tax rate from 35 percent to 20 percent, eliminate taxes on dividends and many capital gains and essentially cap individual tax rates at 20 percent.

Perry argues these tax cuts will spur economic growth by creating a more favorable environment for wealthy people and corporations to start or expand businesses.

But without significant spending reductions, the tax cuts could drastically increase federal budget deficits.

“Taxes will be cut across all income groups in America, and the net benefit will be more money in Americans’ pockets with greater investment in the private economy,” Perry said at ISO Poly Films Inc. in South Carolina.

With the “Cut, Balance and Grow” plan, Perry seems determined to re-energize his campaign and reassert himself as a candidate after weeks of struggles.

In an interview with John Harwood, a reporter with CNBC and the New York Times, Perry cast Romney – the GOP frontrunner – as a “fat cat.”

Perry is clearly looking to woo tea party conservatives who have been reluctant to back Romney. In almost every way, he presents policies that are slightly more conservative than those of the former Massachusetts governor.

(Excerpt) Read more at journalgazette.net ...


TOPICS: Business/Economy; Culture/Society; Front Page News; Government
KEYWORDS: economy; entitlements; flattax; perry2012; perryastroturfing
Navigation: use the links below to view more comments.
first 1-2021-4041-6061-69 next last
Repeal ObamaCare

Repeal Frank-Dodd

Repeal Onerous Sarbanes-Oxley Regulations on Small Businesses Cut, Balance and Grow


1 posted on 10/26/2011 1:59:12 AM PDT by Cincinatus' Wife
[ Post Reply | Private Reply | View Replies]

To: All; shield
"GRAY COURT, S.C. – Gov. Rick Perry of Texas unveiled a plan Tuesday to scrap the graduated income tax and replace it with a 20 percent flat rate while granting a major tax cut for the wealthy by throwing out rates as high as 35 percent and eliminating estate and investment taxes.

It is the centerpiece of an ambitious proposal that aims to overhaul political sacred cows like Social Security and Medicare while slashing the federal budget.

Perry, a Republican presidential candidate, said his proposal would also offer benefits to middle-class Americans by giving a $12,500 deduction for every member of a household while preserving exemptions for state and local taxes, mortgage interest and charitable contributions for anyone making less than $500,000. He said anyone could still file under the current code, and he also pledged to lower the corporate tax rate to 20 percent, from 35 percent.

"Taxes will be cut on all income groups in America," said Perry, who promised that taxes could be filed on a postcard-size form under his plan. "The net benefit will be more money in Americans' pockets, with greater investment in the private economy instead of the federal government."..............Perry outlines plan for flat tax, slashing budget

2 posted on 10/26/2011 2:03:33 AM PDT by Cincinatus' Wife
[ Post Reply | Private Reply | To 1 | View Replies]

To: All
[American's for Tax Reform] ATR Summary of Perry Tax Plan

Mark Levin: Mark Levin: Rick Perry has come up with one hell of a proposal -- gives breakdown.

3 posted on 10/26/2011 2:28:21 AM PDT by Cincinatus' Wife
[ Post Reply | Private Reply | To 2 | View Replies]

To: Cincinatus' Wife

I would be just fine with Perry, Cain or Gingrich as the nominee, but I do prefer the flat tax over 9/9/9. If he can sell this thing, he might be able to stage a comeback.


4 posted on 10/26/2011 2:37:01 AM PDT by lquist1
[ Post Reply | Private Reply | To 1 | View Replies]

To: Cincinatus' Wife

Whether it’s good or bad, the real question is: Did he clear his plan with Anita first?


5 posted on 10/26/2011 2:44:02 AM PDT by edpc (Former Normalcy Bias Victim)
[ Post Reply | Private Reply | To 1 | View Replies]

To: lquist1
Perry will take it to Obama.

Rick Perry Releases First Round of Ads in Iowa.

Opening American Oil and Gas Fields -- Perry mentions countries that "hate America"

6 posted on 10/26/2011 2:53:29 AM PDT by Cincinatus' Wife
[ Post Reply | Private Reply | To 4 | View Replies]

To: edpc
[American's for Tax Reform] ATR Summary of Perry Tax Plan

Mark Levin: Mark Levin: Rick Perry has come up with one hell of a proposal -- gives breakdown.

7 posted on 10/26/2011 2:55:04 AM PDT by Cincinatus' Wife
[ Post Reply | Private Reply | To 5 | View Replies]

To: Cincinatus' Wife

I tried to ping you to this thread and my defense of Gov. Perry but I kept spelling Cincinatus with two ens.

http://www.freerepublic.com/focus/f-news/2797383/posts


8 posted on 10/26/2011 3:03:56 AM PDT by Mind-numbed Robot
[ Post Reply | Private Reply | To 1 | View Replies]

To: Cincinatus' Wife
The breakdown of the plan isn't my point.

His wife had to cajole him to run. She makes excuses for his debating skills. She makes him overhaul his campaign. None of this sounds like he's much of a leader. Perhaps she should run, instead.

Nobody's interested in another Edith Wilson.

9 posted on 10/26/2011 3:11:54 AM PDT by edpc (Former Normalcy Bias Victim)
[ Post Reply | Private Reply | To 7 | View Replies]

To: edpc

“Ma” Perry


10 posted on 10/26/2011 3:42:00 AM PDT by trumandogz (In Rick Perry's Nanny State, the state will drive your kids to the dentist at tax payer expense)
[ Post Reply | Private Reply | To 9 | View Replies]

To: Cincinatus' Wife

Anita Perry/Steve Forbes 2012

What a joke Rick is turning out to be.


11 posted on 10/26/2011 4:05:14 AM PDT by NoMitt
[ Post Reply | Private Reply | To 1 | View Replies]

To: edpc
Booooooooooo! Hissssssss!

Perry is obviously ready to get in the slop where the DNC and Obama live and drag their asses out by their tails. Romney and Cain are not.

Cain is the sweater vest wearing, charming grandpa and Romney is well Romney and Perry is the guy you hate when things are at peace but you want when you have to get dirty

12 posted on 10/26/2011 4:09:32 AM PDT by normy (Don't take it personally, just take it seriously.)
[ Post Reply | Private Reply | To 9 | View Replies]

To: normy
Perry is obviously ready to get in the slop where the DNC and Obama live and drag their asses out by their tails.

Well, we know Perry will be able to pull himself out of the slop by the apron strings.

13 posted on 10/26/2011 4:43:08 AM PDT by edpc (Former Normalcy Bias Victim)
[ Post Reply | Private Reply | To 12 | View Replies]

To: edpc
Soooooo weak. Keep going though, I implore you. Primary voters tend to be excitable but also pragmatic. A good speech can fire them up but in the long run it comes down to nuts and bolts.

You can say all you want to insult Rick Perry but when people meet him they will not come away with your opinion of him.

14 posted on 10/26/2011 4:51:01 AM PDT by normy (Don't take it personally, just take it seriously.)
[ Post Reply | Private Reply | To 13 | View Replies]

To: Cincinatus' Wife

“Repeal Onerous Sarbanes-Oxley Regulations on Small Businesses”

Sarbanes Oxley only applies to public companies. How many ‘small businesses’ are public?


15 posted on 10/26/2011 4:54:51 AM PDT by driftdiver (I could eat it raw, but why do that when I have a fire.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Cincinatus' Wife
It is good to see perry with a tax reform plan. It looks much like newt's tax reform plan, but I'm glad that we now have three conservative tax reform plans.

The more that conservatives discuss tax reform policy, the better we will be in the candidate selection process.

I'm still a Cain guy, but as long as Herman is ahead of mittens, I'm happy with new ideas from perry or newt.

16 posted on 10/26/2011 4:55:45 AM PDT by USS Alaska (Nuke the Terrorists Savages)
[ Post Reply | Private Reply | To 1 | View Replies]

To: normy

Then he’s got a lot of work to do. He’ll have to meet tens of millions over the next 6 months.


17 posted on 10/26/2011 4:55:45 AM PDT by edpc (Former Normalcy Bias Victim)
[ Post Reply | Private Reply | To 14 | View Replies]

To: edpc

Like I have told the naysayers. I will see you at the finish line.


18 posted on 10/26/2011 4:58:04 AM PDT by normy (Don't take it personally, just take it seriously.)
[ Post Reply | Private Reply | To 17 | View Replies]

To: normy

“Perry is the guy you hate when things are at peace but you want when you have to get dirty “

He’s not strong enough to make it through a debate let alone anything down and dirty.


19 posted on 10/26/2011 4:58:19 AM PDT by driftdiver (I could eat it raw, but why do that when I have a fire.)
[ Post Reply | Private Reply | To 12 | View Replies]

To: Cincinatus' Wife
His plan is a mess. Those who don't pay taxes under the current plan will use that and continue not to pay taxes. Those who would pay less under the new plan will use that and cut their tax burden. It does nothing to widen the tax base and does nothing except reduce the tax receipts. And since Perry's "solution" is to cut $100 billion in non-defense discretionary spending then he's guaranteeing deficits that will outdo anything Obama has done.

As many people have pointed out, it's not the taxes it's the spending that is causing the deficit. Cutting what people pay to the federal government is nice, but unless it is accompanied by large scale, realistic cuts in federal spending then it's merely a gimmick. And if nothing else in this campaign, Perry has shown himself great at gimmicks.

20 posted on 10/26/2011 5:00:27 AM PDT by SoJoCo
[ Post Reply | Private Reply | To 1 | View Replies]


Navigation: use the links below to view more comments.
first 1-2021-4041-6061-69 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson