Rick Perry’s Tax Plan: The Big Lie
2012 GOP Presidential candidate Rick Perry unveiled a pro-growth tax plan yesterday that is based upon a flat tax of 20%. This plan contrasts with Herman Cain’s 9-9-9 plan in that is does not include a new sales tax. Big named conservatives are rallying around Governor Perry’s new tax plan, including Rush Limbaugh:
“Rick Perry announced his tax plan today, which I’ll go on record as saying I, El Rushbo, think it is great. It’s fabulous. I like it. And the left is coming unhinged. We have just two examples. First from Debbie “Blabbermouth” Schultz, who was on MSNBC today, interviewed by the anchor Thomas Roberts, who said, “What is your reaction when you hear how Rick Perry is talking about President Obama and the fact that he says he’s only given big government schemes that have failed the American people?” And Shultz, ” My reaction to Rick Perry’s new-old plan is that the definition of insanity is doing the same thing over ..blah blah blah.. how’s he going to pay for this?” To which Rush replies, ” Well, I just love this, because she’s talking about blowing a hole in the deficit, been there, done that, Ms. Schultz. You guys wrote the book on it. When it comes to paying for it, what in the world are you paying for? We are bankrupt because of your party, Ms. Schultz. What we are proposing here is solutions that will lead to economic growth, which will lead to more precious government revenues. In fact, the president of the Club for Growth, Chris Chocola, called Rick Perry’s new plan “massively pro-growth” in a statement today.”
Grover Norquist calls it a great step forward, and in a tweet said, “Perry’s flat tax has the classic lines of a Steve Jobs’ product. Seamless. ….and Steve Forbes likes it. I’ll take two.”
The Club for Growth’s Chris Chocola gave his nod of approval, ” A Flat Tax like the one proposed by Perry would unleash years of economic growth if it is passed into law,” and then added, “Perry clearly understands that revitalizing the economy should start with a complete overhaul of a tax code that has nearly choked economic growth to death. Conservatives looking for a champion to carry the banner of a pro-growth tax reform will surely rally behind this bold proposal.”
The big lie about Governor Perry’s proposed “Cut Balance, and Growth” tax plan; “This plan will hurt the middle class of America while giving tax breaks to the rich.”
Get used to that lie, because it will be repeated continuously from now until the GOP Presidential primary vote. Before the ink was even dry and Governor Perry’s tax plan was actually released, the DNC Chair was bashing it, as Rush explained yesterday in the above quotes. Also of note is Mr. Chuck Marr of the far left propaganda outfit, Center on Budget and Policy Priorties, who stated, ” Flat tax proposals tend to be popular on a first blush basis but fall apart once people realize what the effects are,” he said. “There’s a superficial appeal, but when it comes out that middle-class people tend to lose big, it loses its popularity.” (emphasis mine) And then we see the Obama administration setting the tone for the big lie with this: In a campaign memo penned by policy director James Kvaal, “the most fortunate Americans would pay less while the middle class would pay a higher share.”
Governor Perry’s new tax reform plan is a bold step forward in addressing our nation’s problematic taxation policies that stifle economic growth in America. In his plan, concerning the “Middle Class” that Obama and the DNC will want you to believe is getting hurt by this plan, we see the following fact: Perry’s plan also eliminates the death tax and taxes on social security payments, while maintaining deductions for mortgage interest, charitable giving and state and local taxes for families earning less than $500,000. It increases standard deductions to $12,500. It also gets rid of the long-tern capital gains tax. Families earning under $500,000 will still be getting tax deductions across the board. Isn’t that the true middle class in America? How can that fact be misconstrued into meaning Governor Perry’s tax plan will be “hurting the middle class?” More jobs created through Governor Perry’s pro-growth tax plan will mean more “middle class Americans” will be able to get back to work. When big government debt spending Liberals like Obama and Shultz try to say they are the champions of the working class, it must be considered to be very hypocritical when we see the fact that their policies of the past 5 years have led us into a historic period of stubbornly high unemployment. 20 million Americans are out of work or underemployed today. That fact speaks for itself.
Beware of the big lie that Perry’s tax plan will hurt the middle class in America, as it will be heavily promoted by Obama, the DNC and possibly by Governor Perry’s opponents in the 2012 GOP Presidential primaries.