Surprise: Study Says Perry’s Tax Plan Would Help the Rich

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Surprise: Study Says Perry’s Tax Plan Would Help the Rich

AP / Charlie Niebergall

Texas Gov. Rick Perry gestures to the audience after speaking Tuesday at the Republican Presidential Forum on Manufacturing in Pella, Iowa.

This might come as a shock to a handful of people: The nonpartisan Tax Policy Center has released its analysis of GOP presidential contender Rick Perry’s proposed tax plan and has come away with the distinct impression that Perry’s approach favors Americans in the upper income-earning brackets, regardless of his plan’s distracting put-it-on-a-postcard accessorizing gimmick. —KA

Los Angeles Times:

Rick Perry’s so-called flat tax plan would drain a titanic sum from the federal treasury and largely benefit wealthy taxpayers over those in the lower brackets.

That’s the upshot of an analysis of the plan by the nonpartisan Tax Policy Center. Perry last week unveiled the plan, which calls for an optional 20% flat tax on personal income but would also allow taxpayers to remain in the current system.

[...] If Perry’s plan were to be enacted, the government would see a revenue shortfall in 2015 of almost $1 trillion, a 27% drop, under current law, in which the Bush-era tax breaks expire. Under current administration policy, which calls for the tax cuts to stay in place, the plan would cost the government $570 billion.

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By CenterOfMass, November 2, 2011 at 2:32 pm Link to this comment

What glider says about a HISTORY of commensurate action is true and critical.

In campaign season, such as now, the politicians may have a spasm of words with action. These are nothing but a show and a con. It is the actions during the metaphorical dog-days of office, away from campaign season, that are indicative of true motivations and capabilities. Hold fast to the record of these actions, and ignore the current B.S.

Thanks for pointing it out, glider.

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By glider, November 2, 2011 at 8:51 am Link to this comment

More to the point. In America we are free to bitch (so far), and then vote your preferred poison. Arsenic or cyanide. Every election cycle the public’s gullibility breeds ever more toxic choices each following election. That is the game until the public wises up. At that time the game will change to a different con. Keep your eyes and ears open to reality and ignore the rhetoric. Be aware that words and speeches (ala Obama) without a history of commensurate action are meaningless deceit.

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By glider, November 2, 2011 at 7:13 am Link to this comment

I agree with Cyr. Big wow, Republicans unabashedly propose policies that further enrich the elite class. Your other “option”, Democrats are sneakier bastards who unabashedly claim to support the people but in fact only cater to the elite. The corporations provide you with 2 choices each of which is designed to fuck the public.

The greatest contribution of audaciousness of Obama 2008 versus our current reality is to reveal “the fix” and absence of any possibility of “change” through our so called “democracy”. Support OWS !!!

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By David J. Cyr, November 2, 2011 at 6:10 am Link to this comment

Note how (D) corporate party hacks who infest truthdig have so many articles about those nasty Republican candidates required to GOTV for the corporate party’s greater evil Democrats.

Liberals are (D) dedicated to ensuring that the corporate (R) & (D) party’s candidates be the only “electable” candidates — (D) dedicated to sustainable fascism.

While tens of millions of (D) disengenuous fucking liberals fearfully flock to the polls in 2012, to again provide another massive popular vote mandate for more war and no care for health, I’ll be POTUS voting for Jill Stein, whether she’s “electable” or not.

Voter Consent Wastes Dissent:

http://chenangogreens.org/home/index.php?option=com_content&task=view&id=498&Itemid=1

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By larrypsy, November 1, 2011 at 7:23 pm Link to this comment

After “W” we know the mess that Texas creates.

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