Perry's simple tax plan not so simple
October 25th, 2011
03:57 PM ET
3 years ago

Perry's simple tax plan not so simple

NEW YORK (CNNMoney) - Rick Perry has said he wants to scrap the tax code and make taxes simpler.

That may be what the GOP presidential candidate wants. But what he proposed on Tuesday is to keep the federal tax code intact and add an optional flat tax.

FULL STORY

Filed under: 2012 • Rick Perry • Taxes
soundoff (27 Responses)
  1. GI Joe

    The man doesn't possess even TWO brain cells. He's a shame to all of us.

    October 25, 2011 03:59 pm at 3:59 pm |
  2. Sniffit

    You mean to say that Cowboy Fonzie produced a tax plan based first on whether it sounds good to the ideologue extremists he's targetting in the primary and only secondary to that was whether it was actually a good plan that was as simple as it sounds? Shocking. Color me astonished.

    October 25, 2011 04:06 pm at 4:06 pm |
  3. Rudy NYC

    I guess all of the conservative's plans just simply throw the principle of the "Buffet Rule" out the window, and then thumb their nose at it. I don't think that is what "most Americans" want. Polls seem to indicate that "most Americans" overwhelminly want Presidient Obama is presenting to them. That being, raising taxes on the wealthiest Americans, not dramatically cutting their taxes adding more on to the deficit.

    October 25, 2011 04:07 pm at 4:07 pm |
  4. Obama/Biden 2012 - Because my golf game needs more work and I love parties with celebrities..life is good!

    Any new tax system will require a transition. It's gonna be pretty hard to turn a switch and make it all happen in a week.

    October 25, 2011 04:08 pm at 4:08 pm |
  5. Sniffit

    And when confronted and asked by a host on CNBC about the gross inequities and lop-sided favoring of the wealthy in his "flat tax" plan and whether it bears considering that there already exists an immense and growing existing income and wealth imbalance/disparity in our society, Cowboy Fonzie LITERALLY said "I don't care about that."

    October 25, 2011 04:12 pm at 4:12 pm |
  6. Max

    Hey Rudy NYC – what most americans want is someone else to pay the bill for them. The Senate has blocked 15 bills on job creation brought forward by Republicans. I doubt you hear anything about that from CNN.

    October 25, 2011 04:17 pm at 4:17 pm |
  7. Joey ( hispanic voter)

    GOP candidates always trying to pull the wool over our eyes. Stop trying to keep capital gains & dividends from paying their fair share of taxes it should be included with all other income.

    October 25, 2011 04:20 pm at 4:20 pm |
  8. Obama/Biden 2012 - Because I like jetting around the country pretending I'm a leader at the taxpayers expense

    I guess all of the conservative's plans just simply throw the principle of the "Buffet Rule" out the window, and then thumb their nose at it.
    =========================================================================================
    Only socialist/communist class warfare specialists like you support it. Can the wealthy then demand of the people they support something in return? Like get a job and contribute to the country as well?

    October 25, 2011 04:20 pm at 4:20 pm |
  9. Frank Denver

    I'm afraid that we may not be doing a good job communicating to the public about the tax plans the Republicans have presented. For example, I recommend we start using 9-9-9-0 for Cain. The 0 being reflective of the capital gains tax. As it truly reflects a tax that is going from 15 to 0. The same thing would be needed for Rick Perry. For example 20-20-0-0. The last two zeros reflecting the sales tax and the capital gains tax.

    By reflecting them as I presented gives a clear visual for the public to see the similarities and differences between the two taxes proposals as well as reflecting all potential tax changes.

    October 25, 2011 04:22 pm at 4:22 pm |
  10. Loathstheright

    Perry wants to fit your tax return on a postcard....I think he can put all his knowledge on a postcard.....and have space left over.

    October 25, 2011 04:22 pm at 4:22 pm |
  11. Larry L

    What a foolish way to avoid making a decision! It's critical to note that he plans to pay for this with cuts in Social Security, Medicare and the Environmental Protection Agency.

    Again, another Republican idea to make the fat cats happy and punish everybody else.

    October 25, 2011 04:23 pm at 4:23 pm |
  12. MTATL67

    Why in the world would I trust the Secessionist Governor whose state is $27B plus in debt and has to borrow money from us tax payers. Instead of trying to fix the budget problems of the country he should fix Texas’s budget problems first.

    October 25, 2011 04:24 pm at 4:24 pm |
  13. Joey

    This Texan is the most scarry example of a politician I,ve seen in decades!!! Racist,facist,and down right "Commie"?? Americans smell "Evil in this man! He even has "Diablos" eyes!! The anti-christ is here! OMG!!!! I will never vote repub "Again" Not in this life anyway???

    October 25, 2011 04:27 pm at 4:27 pm |
  14. carmelle

    CNN...Perry said " I don't care about that [that it benefits the rich]" ...why are you still pointing factual info about his plan? Screw the middle class!

    October 25, 2011 04:30 pm at 4:30 pm |
  15. Rudy NYC

    Max wrote:
    Hey Rudy NYC – what most americans want is someone else to pay the bill for them. The Senate has blocked 15 bills on job creation brought forward by Republicans. I doubt you hear anything about that from CNN.
    -----------–
    I cast serious doubts on the figure of 15 bills. But, then again, that is all that has been passed by Republican controlled House this year. In other words, they haven't done anything. Your so-called "jobs bills" that they have passed have not anything to do with jobs. They passed legislation against Planned Parenthood, Sharia Law, Abortion, Collective Bargaining, and a host of other radical right wing social engineering objectives.

    But. I will play your game. It is my job to entertain the tourists. I see your 15 and raise you the fact that Senate Republicans have filibustered over 90 Obama nominees, and they are still blocked. At least Democrats blocked the House "job creation" bills fair and square.

    Do you want to know how many bills the Republicans have filibustered during Obama's first two years.

    October 25, 2011 04:32 pm at 4:32 pm |
  16. Wire Palladin, S. F.

    Ted Nugent-Hank Williams Jr. in 2012. Finally a pair that is proud of their rich southern heritage.

    October 25, 2011 04:33 pm at 4:33 pm |
  17. DumbasRocks [R]s

    Hey Max, we didn't read about your fairytale about 15 Senate bills on CNN because it didn't happen. And if you think it did, then please give us all the numbers of those senate bills. Note: everytime a [R] drama queen proposes lowering taxes on the rich DOES NOT COUNT AS A JOB BILL!!!!!!

    Are you making this up yourself, or is this a new delusion-of-the-day being foisted on America's dumb-and-dumber by the rightwing noise chamber? Have you slack-jawed morons no sense of pride for being accurate and truthful?

    But I must say, I would continue to defend your right to your free speech to express your special brand of delusion. Otherwise, how would the rest of us know what HELL you mortally deluded [R]etards have is store for us?

    October 25, 2011 04:33 pm at 4:33 pm |
  18. Wire Palladin, S. F.

    Obama-Biden hater- Is that you Hank? Miss you on Monday's. Just kidding.

    October 25, 2011 04:35 pm at 4:35 pm |
  19. CBR

    In most pictures Governor Perry appears to be emulating Ronald Reagan, his facial expressions, his folksy mannerisms. It is hard to accept what the Governor is saying while he is imitating President Reagan. I am not sure Mr. Reagan would approve of this new tax plan.

    We need to see plans that will work and be acceptable. It has to be fair to all. This plan is neither acceptable or fair.

    October 25, 2011 04:36 pm at 4:36 pm |
  20. The Greedy Old Pigs have declared class war on US!

    This shows how terrified the ultrarich are about the millionaire tax and OWS. This flat tax manure is a smokescreen for the ultrarich to continue to redistribute America's wealth upwards. Since the old methods are being challenged, this will be their GOBP deathcult's new mechanism to serve their wealthy overlords.

    October 25, 2011 04:39 pm at 4:39 pm |
  21. The Real Tom Paine

    Perry said something significant when he proposed the plan, that the current tax code had some 70000 pages: how in the name of sanity does anyone think you can replace that with something "simple"? The concepts that are being batted around are just that, concepts. None of the GOP plans answer the basic questions of getting revenue to the government and paying off the debt that is the direct result of efforts to provide revenue solely through economic growth ( a flase premise if there ever was one). That would require a constant level of growth we have never been able to maintain. Perry's plan is the result you get when you listen to people in a think tank who are divorced from reality and blinded by ideology. In short, it's a nice piece of fiction.

    October 25, 2011 04:40 pm at 4:40 pm |
  22. The Greedy Old PIgs have lost their minds!

    "Can the wealthy then demand of the people they support something in return? Like get a job and contribute to the country as well?"

    Wow, you're even more delusional than usual. There are roughly 6 applicants for every job yet you act as if someone can merely snap their fingers and get a job. In your case, you don't need to get a job, you need to get a clue.

    October 25, 2011 04:41 pm at 4:41 pm |
  23. DumbasRocks [R]s

    "Only socialist/communist class warfare specialists like you support it. Can the wealthy then demand of the people they support something in return? Like get a job and contribute to the country as well?"

    Again, your cogent analysis is mesmerising and thought provoking, and shows your intellect in such esteemed light that only one question can be asked in reverence: again, exactly just what kind of slack-jawed, rightwing dipstick are you???

    Go take a look in the mirror, and behold what is wrong with America!

    October 25, 2011 04:42 pm at 4:42 pm |
  24. The Real Tom Paine

    Max,

    Tax cuts for the wealthy is NOT a jobs plan: if that were the case, we would be swimming in jobs, and we clearly are not. How well has extending the Bush Tax Cuts worked?

    October 25, 2011 04:48 pm at 4:48 pm |
  25. Clinton

    I don't think Perry or any of the other Republican Candidates get it.... It's the Economic model that they strive for that's failed... Look...
    Republican candidates that still support the Trickle Down Theory and the "reganomics" they appear to hold in such high regard can't possibly believe that the American people will vote for them can they? Seriously, Regan was good on foreign policy... but he lead us into a recession, in fact the last 2, two term Republican presidents have pushed the very same Theory on us and it has lead to two separate Recessions. To then as a party come out and celebrate this theory as if it's a good idea is absolutely crazy in my opinion. The Trickle Down Theory DOES NOT WORK... Rather it puts us in a recession and i'm not sure how many times throughout history we have to prove this before we either bankrupt this country entirely or we end up with violence in the streets. The idea that you can cut taxes on Giant Corporations and increase military spending and avoid going into debt is REDICULOUS!!!! ... what kind of moron thinks you can cut your income and increase your spending and expect to have more money in the end? I'd laugh about it if it weren't so sad. Seriously? Regan? WHY REGAN? again, he was great with foreign policy but the guy was terrible when it came to economics. Anyways, I guess what i'm saying is, If the Republicans can't put someone up for election that has new ideas outside the tried and failed Theories of Regan and Bush, I see Obama being re-elected in a landslide. America is now smarter than that.

    October 25, 2011 05:26 pm at 5:26 pm |
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