This flat-tax proposal does not seem a serious effort to fix our problems. Let's keep the crummy old tax code, make everybody spend the time figuring out that payment, then give them a simpler choice that only the rich really benefit from? Or people can just use the 20% flat tax if they don't care to sweat the details.
As I see it, nobody pays more taxes, but the wealthy pay less. Small businesses would not be helped. Those making money off the stock market would be helped. That seems like a good way to fix the deficit.
Perry will probably argue that massive cuts will solve this problem, when it gets pointed out to him. I'm waiting to see how he does at that.
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