2012 Presidential Campaign, Campaign Appearances, Issues, News, Rick Perry

Ruling on Debate Over Perry’s Tax Plan

November 10, 2011 5:00 am by: Emily Donahue

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In this week’s PolitiFact check-in, Gov. Rick Perry’s flat-tax plan helps the rich and buries everyone else. No, wait, it gives everyone a tax cut!

Gardner Selby of PolitiFact Texas and the Austin American-Statesman returns to talk with KUT’s Emily Donahue about two claims like this about Perry’s proposal. One involves a claim Perry made about the plan. The other involves what MSNBC’s Rachel Maddow observed about Perry’s plan.

Perry’s camp is correct, though, that some households, even among the poorest, would get a tax cut. I was wondering why, and it’s because Perry’s plan creates a $12,500 per person deduction off the top; when you start adding that up at a low income, it just wipes out your taxes. Beyond that, the majority of households earning less than around $35,000 a year would not see their taxes cut.

 

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One Response to “Ruling on Debate Over Perry’s Tax Plan”

  1. On November 10, 2011 at 4:28 pm David Engage America responded with... #

    The problem with Perry’s flat tax is that because it is optional taxpayers will have to figure out which system taxes them less so they will still have to spend as much time, if not more, complying with the tax code. http://eng.am/sNjdNK

    Instead of radically overhauling the tax system, why not try and achieve the grand bargain based on the Simpson-Bowles committee’s suggestions that had been but forth during the debt ceiling debate? http://eng.am/usFAFs

    The Simpson-Bowles committee found that by eliminating tax expenditures and lowering marginal tax rates Congress would be able to simplify the tax code, improve fairness, and spur economic growth. http://eng.am/noTDPF

    Would you rather wait for Republicans to budge on higher taxes or achieve the grand bargain revenue-neutral tax reform right now?

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