Rick Perry’s Flat Tax [POLL]
Governor Rick Perry has been falling in the primary and a change had to be made. Yesterday, we learned that change had indeed come to the Perry campaign. Today, Perry will announce and start campaigning on his tax plan. Perry's tax plan is different than Herman Cain's 9-9-9 plan and much different than our current tax system. Perry will introduce a 20% flat tax today along with changes to Social Security. According to FOX News:
Rick Perry is proposing letting Americans choose between their existing income tax rate or a new flat tax of 20 percent, part of a tax and spending reform plan that the Republican presidential candidate is dubbing "Cut, Balance and Grow."
"My plan restores American competitiveness in the global marketplace and provides strong incentives for U.S.-based employers to build new factories and create thousands of jobs here at home," Perry says in an opinion article published online in The Wall Street Journal Monday night.
The announcement will add to the debate over tax reform and I welcome that. What are your thoughts on a flat-tax? Let us know in today's LFN Poll of the Day.