Posted on 10/20/2011 7:04:50 PM PDT by smoothsailing
October 20, 2011
Steve Forbes, whose flat tax plan helped make him an unlikely contender for the Republican presidential nomination 15 years ago, is praising a new version of the idea from Rick Perry. And Forbes, who says he helped devise Perry's plan, left little doubt that he'll formally back the Texas governor before long.
In an interview with Yahoo News, Forbes called Perry's proposal, announced in a speech Wednesday, "the most exciting tax plan since Reagan's," in 1980.
Asked whether that included his own 1996 plan, Forbes said it did, because unlike him in 1996, when he fell short of upsetting front-runner Bob Dole, Perry "is going to win."
Forbes, the chief executive of his family's eponymous publishing empire, said the Perry camp reached out to him for help in crafting their plan. "We got into discussions of basic principles--how the thing might be shaped," he said. "The candidate concluded it ought be a simple rate. Make it as simple and bold as possible."
snip
Forbes hasn't officially said that he's backing any candidate, but he left little doubt that he'll formally get behind Perry soon. He said he would announce his support for one candidate soon, "and I don't think it'll surprise anyone."......
(Excerpt) Read more at news.yahoo.com ...
Perry ping
Good, let us see the details.
Coming from the man that had a hand in helping Perry’s economic team come up with this plan....not that I have anything against Forbes... =.=
Can’t wait to read it, I’ve always favored the flat tax.
Forbes has been pushing for a flat tax for decades. It’s neither new or exciting. 9-9-9 on the other hand, is.
It’s a shame Perry hit the ground running without an economic plan in hand. It appears he’s backtracking to catch up.
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How did this position work out for Forbes when he was running for president?
Seems to me that we can’t find a Forbes in the Almanac under American presidents. And we’ll never find a Perry either.
OK, I only show some of the clips of the debate, but I thought that Perry’s attack on Romney showed that he is unable to come off strong in debate.
Do we really want an bumbling, inarticulate Texan again?
I mean, he is 100 times better than the colossal twit Obama, but can’t we find a candidate that we can support without hesitation? Cain?
I’m elated by it,” Steve Forbes told me. “And I think Governor Perry will surge ahead of Herman Cain,” he said.
“Herman Cain gets credit for realizing the [current tax] code has to go [but] the virtue of what Governor Perry is doing is that he does not bring in a sales tax,” he said.
Forbes also mocked Mitt Romney’s 59-point plan, saying: “I heard one person say, hey, Moses had only 10.”
Read more: http://dailycaller.com/2011/10/19/steve-forbes-on-rick-perrys-flat-tax-plan-im-elated/#ixzz1bNY0V1gj
A modified consumption tax is much fairer, but it in practical terms would have to include rebate provisions to keep certain groups, such as the elderly from burning down Washington. It's still an invasive tax, but it can be made a lot less so than an income tax, which is always invasive.
Either of these ideas is fanciful since Washington will never, ever cede its power to tax, hand out tax favors, and snoop in our private affairs.
It’s like a divemaster showing up without any gear, a boat, a clue where He’s going, or a plan to bring them all back. But Hey! He’s got nice hair.
Carl, the Oracle of Marietta, can you tell me how much an ounce of silver will be selling for in a year?
Interesting...this is exactly the same rate Milton Friedman suggested years ago.
I do prefer a flat tax to 999. We’ll see how this all plays out. Ultimately you do that and lower rates in other areas and you get a much better format.
A true flat tax is the best workable option for the entire country.
In 1981 Reagan began his quest to reduce the number of personal tax rates from roughly 64 spread over four categories of the federal income tax code, down to two, 28% and 15% by 1988. A great acommplishment.
What Perry wants to do is even better.
Isn’t 999 a transitional plan to either a flat tax of a fair tax?
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