TPMDC Flat Tax: October 2011
Flat Tax
Rick Perry's Flat Tax Plan: Not A Flat Tax
Rick Perry
The flat tax is such a popular idea in conservative circles that Texas Governor Rick Perry is trying to revive his presidential primary campaign by proposing one.
Except for the flat tax part.
It turns out Perry's plan isn't flat, doesn't eliminate the current tax code, as many conservative elites claim to want, and would likely blow a huge hole in the federal budget.
PERMALINK | COMMENTS | RECOMMEND RECOMMEND (0)Topics: Center for American Progress, Defense Spending, Deficit, Department of Defense, Flat Tax, Medicaid, Medicare, Rick Perry, Tax Cuts, Taxes
Haley Barbour
Flat Tax-Mentum! Barbour Backs Flat Tax, Privatized Social Security
Haley Barbour (R)
The flat tax is becoming a litmus test for Republican presidential candidates, and on Tuesday it won a key endorsement from the former chairman of the Republican Governors Association.
At an event sponsored by the American Action Forum, at the National Press Club in Washington, Mississippi Gov. Haley Barbour argued in favor of key elements of Rick Perry's freshly released budget plan, which includes the option of a single income and corporate tax rate, unspecified spending cuts, a spending cap, and private savings accounts for workers as an alternative to Social Security.
"Is a flat tax good tax policy? Yes. It's not the only good tax policy. But it's certainly can be very good tax policy, particularly if you eliminate a lot of deductions so that it increases the appropriate amount of revenue," Barbour said.
PERMALINK | COMMENTS | RECOMMEND RECOMMEND (0)Topics: Douglas Holtz-Eakin, Flat Tax, Haley Barbour, Republicans, Rick Perry, Social Security, Taxes
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