Ruling on Debate Over Perry’s Tax Plan
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.