"Rick Perry’s plan for tax reform would be massively pro-growth. A Flat Tax like the one proposed by Perry would unleash years of economic growth if it is passed into law. Furthermore, eliminating the tax on dividends and capital gains would immediately add trillions of dollars in new wealth to the economy, benefiting all Americans. Perry clearly understands that revitalizing the economy should start with a complete overhaul of a tax code that has nearly choked economic growth to death. Conservatives looking for a champion to carry the banner of a pro-growth tax reform will surely rally behind this bold proposal."
I don’t see where CFG gets that this plan “massively overhauls the tax code.”
It leaves the tax code completely in place, as far as I can see.
It simply adds on another mini-tax code (oh joy, more bureaucracy) called the flat tax option.
OTOH, of course: anything that lowers tax rates is going to have some pro-growth effect on the economy.
The thing is we need more than a revived economy. We need to preserve our freedom.
And that requires stopping the growth of the parastite class before it goes over 50% and it’s game over in terms of ever stopping the incessant demands for ever-more free stuff.
To do that, we must make more nontaxpayers into taxpayers, which is what the 999 plan — yes, especially the NRST — does.
The Perry plan doesn’t begin to do that.