Skip to comments.Perry’s tax plan strikes chord, one-ups Romney
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 ...
Repeal Onerous Sarbanes-Oxley Regulations on Small Businesses Cut, Balance and Grow
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
Mark Levin: Mark Levin: Rick Perry has come up with one hell of a proposal -- gives breakdown.
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.
Whether it’s good or bad, the real question is: Did he clear his plan with Anita first?
Opening American Oil and Gas Fields -- Perry mentions countries that "hate America"
Mark Levin: Mark Levin: Rick Perry has come up with one hell of a proposal -- gives breakdown.
I tried to ping you to this thread and my defense of Gov. Perry but I kept spelling Cincinatus with two ens.
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.
Anita Perry/Steve Forbes 2012
What a joke Rick is turning out to be.
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
Well, we know Perry will be able to pull himself out of the slop by the apron strings.
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.
“Repeal Onerous Sarbanes-Oxley Regulations on Small Businesses”
Sarbanes Oxley only applies to public companies. How many ‘small businesses’ are public?
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.
Then he’s got a lot of work to do. He’ll have to meet tens of millions over the next 6 months.
Like I have told the naysayers. I will see you at the finish line.
“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.
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.
I’m having a hard time saying “no” to this proposal.
The optional aspect of it is great, but having essentially parallel codes would of necessity increase the size of the IRS.
Hearing Mark Levin break it down puts my mind at ease a bit.
I told my wife lat week that Perry was gonna do something like this to change the game.....and he has. The only thing now is, since there’s no debate until next month, he himself is gonna have to sell it and articulate it and generate his own buzz about it.
This is why I’m glad nobody’s dropped out recently:
It is in the crucible of debate that the best ideas will come forward to defeat our common opponent.
Why do you think Jeb Bush came out and told Perry to lay off Romney?
Problem is, Perry enters the crucible of debate and emerges as iron pyrite.
Only one fighting? Fighting for what, using tax dollars to subsidize the education of illegals?
Perry isn’t even on the radar anymore.
You are a gratuitous, pompous, get in the slop, get filthy, arrogant schmuck.
Cain is at 25% and anita perrywinkle is 6% in the nyslimes latest poll, and you've got the audacity to condescendingly call him a "charming grandpa".
You missed "minstrelsy" and
But keep checking the mail every day for the Perry Prize that will never come.
Now I haven't finished my first cup of coffee yet, but I have no idea what that means. Could you explain it please?
Mitt has now been set aside. He and the liberal Republicans are now shown to be at odds with what has become mainstream Republican, conservative thought.
There is a clear desire by many for reform of the tax code. There is a clear desire for a leader who will set about the task of developing that reform. With the two primary methods now with champions, Mitt is left out.
Both Cain or Perry can now agree to accept a plan that is near the others claiming the congress must make the decision. The important task is to eliminate the current unworkable and unfair code
“Did he clear his plan with Anita first?”
Ha.. realistically, the real question is “Has Anita cleared the plan with him?”
You can expect him to make a fool of himself in debates and interviews.
Where’d that racist BS post come from?
Your fertile mind?
Why don’t you just make a list of ALL the words that are not ALLOWED to be used when discussing a black person.
One PerryBot called Cain "America's favorite Uncle"...a thinly-veiled reference to an Uncle Tom.
The race card works so well for the left, why should the PerryBots use it?
Perry will get ugly back.
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IF you'd like to be added FReepmail me. Thanks.
First I said he was PLAYING the sweater vest wearing grandpa (remember Huckabee's sweater vests). So you didn't even quote me right. He is playing that angle just as Romney is playing the moderate electable guy.
No you can call me a schmuck but I assume you have been waiting with baited breath for the opportunity to accuse someone of racism against Cain. You think you had your shot but you missed it by a mile.
Out of your own heart your mouth speaks. You call Perry PW and I say Cain wears sweater vests and is grandfatherly and that's racist? You threw in the minstrelsy comment. You sound like Obama and his supporters defending him.
By the way you chicken sh!t. Herman Cain is a charming grandfatherly type. Say he's not!
So I see we have this segment of the Republican Party too huh?
AMENNNNNNNNNN GO PERRY GO STOP THAT MIT RHINO!@!!!!!!
I don't trust any candidate to do whats right out of the goodness of their heart. I expect every candidate's feet to be held to the fire always.
I know Perry can screw up but I also know he will listen to his legislature. I don't put my hope in any man or woman.
Shoot I loved GWB and look what he did at the end. I liked Colin Powell and he endorsed Obama.
No more of that for me. Perry could never disappoint me.
Oh, come on, now.....you must be mistaken. Give 'em a break. I'm sure they meant Uncle Ben.
You rather have obozo then Perry? c’mon lets back up Perry not bash him we need real change!!!!!ps Perry may not debate great but he will get better and he has what it takes to get this GREAT country GREAT again
Precisely my point. At least we agree on that, though I never cared for Powell.
Perry could never disappoint me.
Careful, FRiend.....famous last words.
Let me check with you guardians of all things racial. Is this statement racial? Cause that Presidential Candidate Herman Cain on Oct.14th on CNN. Where do you suppose these businesses would move from?
” I’m happy with new ideas from perry or newt. “
And lets hope that these all come together in one plan that will impact our country, and rid us of the current occupant of the White House
Perry has the stats and the background for me. That is it and he appears to be willing to get a little nasty if the occasion calls for it. Has anyone asked for Obama's grades yet?
Perry at least brought it up "hey my grades were plastered all over the front page, at least he could show us his grades"
This is not going to be anything but a brawl come Nov. nasty, ugly, defamatory and I think we better give as good as we get and have a team willing to do that.
the fact Jeb Bush came out and told Perry to tone it down on Romney tells me everything.
But it was a good thing when Sarah discussed everything with Todd. Go figure.
Hey, wasn’t it St. Sarah’s kids that told her NOT to run??
Hopefully from Dallas, get rid of the money going to ILLEGAL ALIENS and spend it on American citizens.
You are way too sensitive to be a native Texan, are you a transplant from Rhode Island or New York?
Perry would get my vote if he wins the primary but his mouthful of mush debating style will never put him above third place.
If mittens is the flip-flopper, anita is the kid in the corner with the dunce cap on.
Perry just wants to go home, drink his warm milk and go to sleep.
If a debate lasts longer than an hour, anita needs a nap.
But you loved Todd, right?
Where’d that get her?
How did you feel about Todd Palin being involved with Sarah?
“You mean the Forbes plan”
Sure, I think it’s pretty well known by now that Forbes advised Perry on putting together this plan and has endorsed him for POTUS. Not sure what you’re implying by asking that question, but I don’t think anyone here is claiming that Perry came up with this totally on his own without outside counsel.