Where are the Perry plan supporters?
“Where are the Perry plan supporters?”
I support the Perry plan, there just didn’t seem to be much on this thread to argue about. True, it is an ‘optional’ flat tax that keeps the current code in place, and I would rather just do away with it entirely. However, in order to make this politically viable, I think you almost have to keep the old code in place (at least in the beginning), otherwise you’ll have loads of complaints from people who will claim (and sometimes it’s only just a claim using ‘creative’ math) that they pay much less under the old code. Doing it this way allows people to choose which one they like best. The thinking being that most will migrate to the simple flat tax. Over time, the idea of eliminating the old tax code and maybe tweaking whatever needs to be tweaked with the new one can be revisited.
BTW-this is not unlike Cain’s 9/9/9 plan in that respect. Cain’s own website mention that 9/9/9/ is just a first step in a desired transition over to a fair tax, which is what he prefers. He just doesn’t believe it’s politically viable to scrap the entire IRS and move over totally to a national sales tax right away. Unfortunately for Cain, this has given his plan a bad rap cause it opens up the criticism that he is adding a new revenue stream for the govn’t without shutting off the old one. But his real intentions are to eventually get rid of the income tax entirely and replace it with a higher percentage sales tax.