Rick Perry is unveiling a 20 percent "flat tax" proposal on all taxpayers who will accept it in place of the current tax rate they are paying now, and which calls for capping federal spending at 18 percent of the country's GDP while permitting younger earners to privatize their Social Security accounts, AND letting taxpayers who do not want to pay a 20 percent flat income tax to keep their current rate.
Perry described his plan in an op-ed column in the Wall Street Journal, stating that his plan would preserve popular deductions for mortgage interest and donations to charity for households earning less than $500,000 per year, and he would increase the standard deducion to $12,500.
He calls it "Cut, Balance and Grow" and he says: “Cut, Balance and Grow strikes a major blow against the Washington-knows-best mindset,” Perry said. “It takes money from spendthrift bureaucrats and returns it to families. It puts fewer job-killing regulations on employers and more restrictions on politicians. It gives more freedom to Americans to control their own destiny. And just as importantly, the Cut, Balance and Grow plan paves the way for the job creation, balanced budgets and fiscal responsibility we need to get America working again.”
"The folks in Washington might not like to hear it, but the plain truth is the U.S. government spends too much. Taxes are too high, too complex, and too riddled with special interest loopholes. And our expensive entitlement system is unsustainable in the long run," says Perry in the WSJ.
"This simple 20% flat tax will allow Americans to file their taxes on a postcard, saving up to $483 billion in compliance costs. By eliminating the dozens of carve-outs that make the current code so incomprehensible, we will renew incentives for entrepreneurial risk-taking and investment that creates jobs, inspires Americans to work hard and forms the foundation of a strong economy. My plan also abolishes the death tax once and for all, providing needed certainty to American family farms and small businesses," writes Perry in the op-ed piece.
Perry will make his announcement on the Cut, Balance, and Grow plan tomorrow.
To see the Full Article Click HERE.
Additionally Perry announced several new key members of his campaign staff. Joe M. Allbaugh, Tony Fabrizio and Fred Maas will join the expanding Perry for president team as senior advisors to the campaign, while Curt Anderson, Jim Innocenzi and Nelson Warfield will serve on the campaign’s national media team. Stanton Anderson will operate as the congressional liaison for the campaign.
The Perry campaign describes the advisers as follows:
Joe M. Allbaugh managed or advised numerous political campaigns, including George W. Bush’s 1994 gubernatorial campaign and 2000 presidential campaign, and Rudy Giuliani’s 2008 presidential campaign. Allbaugh also served as director of FEMA from February 2001 through March 2003. He is the founder of the Allbaugh International Group, LLC, and serves on several corporate boards.
Curt Anderson is a partner with OnMessage, Inc. Anderson previously served in the White House under President Reagan as the associate director of public liaison. Anderson also worked as political director at the Republican National Committee under Haley Barbour. He was a senior strategist for Steve Forbes in 1999, directed coalition outreach efforts for the Bush/Cheney campaign in 2000, led the RNC’s independent expenditure ad campaign to re-elect President Bush in 2004, was a member of the ad team for Mitt Romney’s campaign in 2007/2008, and led the RNC’s independent expenditure campaign against President Obama in the fall of 2008. Prior to starting OnMessage, Inc., Curt held many campaign posts including NRSC Coalition Director, NRSC Southern Regional Director, RNC Midwest Regional Director and RNC Political Director. In 2010 Anderson co-authored Governor Jindal’s new book, “Leadership and Crisis.”
Stanton Anderson currently serves as senior counsel to the president and CEO of the United States Chamber of Commerce, and previously served as executive vice president and chief legal officer. He also served as chairman of the Chamber’s Campaign for Free Enterprise. Anderson is a former chairman of Global USA, Inc., a consulting company he founded in 1982. He has managed a number of Republican conventions and served as counsel to the Reagan-Bush campaign in 1980. Anderson is a part member of the President’s Advisory Committee on Trade Negotiations and the Presidential Commission on Personnel Interchange. He also chaired the U.S. delegation to the United Nations conference on New and Renewable Energy Resources in 1981.
Tony Fabrizio is the principal of Fabrizio, McLaughlin & Associates, and is an expert on public opinion and politics and one of the nation’s leading GOP pollsters. In addition to serving as pollster and strategist for Senator Bob Dole’s 1996 presidential campaign, Fabrizio has worked for more than a dozen senators, more than 50 congressmen, a number of governors and other statewide elected officials. In 2010, Fabrizio served as pollster and strategist for Florida Gov. Rick Scott’s successful campaign. Fabrizio also served as pollster and strategist for the independent expenditure effort of the Republican Governors Association in the Georgia governor’s race in 2010. Additionally, Fabrizio and his firm served as pollsters and strategists for the National Republican Congressional Committee’s IE efforts in 12 congressional districts, resulting in the election of 11 new GOP members of Congress.
Jim Innocenzi is a founding partner of Sandler-Innocenzi, an award-winning national political advertising firm. Throughout the firm’s 28 year history, Jim has been the lead creative force behind dozens of high profile political campaigns, advising many governors, senators, and members of Congress. Some of his more recent clients include: Governors Dave Heineman of Nebraska and Butch Otter of Idaho; Congressmen Tom Rooney (FL), John Mica (FL), Mike Turner (OH) and Steve Buyer (IN); Congresswoman Cynthia Lummis (WY); and former GOP leader Adam Putnam (FL). Jim also served briefly on the John McCain for President Ad Council.
Fred Maas is the founder and CEO of Pacific EcoCompanies, LLC, a San-Diego based firm which specializes in investments and the development of sustainable buildings, communities and clean technologies. Maas has participated in national, state and local politics for more than 30 years, and worked for numerous prominent political figures, including John McCain, Bob Dole, Jack Kemp, Pete du Pont, Richard Lugar and Mitch Daniels.
Vanguard of Freedom Network / Patriot Action Network / Liberty News Network
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