Perry’s tax plan: Disaster for America

posted by
October 25, 2011
Fox News Forum
by Peter Morici  
Posted in Commentary, PND Commentary

"Governor Rick Perry is unveiling a tax plan that will not jump start the economy and is fiscally irresponsible. In a nutshell, Mr. Perry would give taxpayers a choice between filing under the current income tax system -- with all its flaws -- and an alternative flat tax 20 percent system. ... It seems appealing: a simplified tax system, fewer IRS agents, and so forth. But the plan falls short in two important respects -- it won’t encourage many better investment decisions and foster growth, and it will spin the federal deficit permanently into the stratosphere." (10/25/11)  

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