Perry: Uproot and Overhaul Washington
The Perry Plan: Energizing American Jobs and Security
The Perry Economic Plan: Cut, Balance and Grow
[snip] “Dynamic Tax Score for RickPerry.org, Inc. Proposal:
Based on the higher GDP estimates forecast by the dynamic scoring exercise, the Perry proposal will not only lead to an increase in overall economic activity and jobs, but will also lead to higher federal revenues in the long term. In fact, the analysis suggests that revenues could be as much as $406.8 billion higher than under the static model by 2020, and could be as high as 19.5 percent of GDP.
The dynamic score of the proposal suggests that lower flatter taxes could generate both more revenue than the current tax code, and significantly more economic growth over time. With increasing demands on the Federal government from growing entitlements, higher pension expenses and interest on the debt, it will be necessary to increase the size of the economy – and the tax base – in order to generate significantly higher revenues. Table 7 shows how the Perry proposals would do this over a seven year period.’ [snip] Tax Proposal Score PDF