Headline: Perry's way back....

[sjt18]

.... into the game.

Apparently he's going to propose a flat tax next week in SC.

Credit Cain for moving the debate in the right direction. Romney is stuck on this issue. Romney btw has been elusive and unspecific on taxes. IIRC, he raised taxes in Mass.

This is also consistent with his belief in Keynes and his fundamental Progressivism. He believes in gov't power and in the legitimacy of manipulating the economy through the tax code.

[Daddy Gee]

lol .. original ... will he call it 17? not that I'm not for something like that, it's just fun watching him implode

[sjt18]

I didn't take time to read the article yet.

The flat tax is an exceptional idea if done right. There's a couple of different ways of doing it right. One would be several brackets starting at fairly high income with no deductions. Another would be a single rate over a single very high deductable.

The demagogues will declare any simplification plan a "shift of the tax burden from the rich to the middle class"... nothing could be further from the truth but that's what they will say.

[MG1968]

I liked Steve Forbe's idea of a flat tax, IIRC it was 17% for all income levels with no liability for the first 33,000 in earned income.

[OrangeEmpire]

Originally Posted by MG1968

I liked Steve Forbe's idea of a flat tax, IIRC it was 17% for all income levels with no liability for the first 33,000 in earned income.

plus one..........snl skit teve torbes
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[VOLatile]

Still too incredibly socially conservative for my tastes.

[sjt18]

Originally Posted by VOLatile

Still too incredibly socially conservative for my tastes.

I know what I am "afraid of" from social liberals but what are you afraid of from social conservatives?

Do you think they will outlaw stuff based on morality?

Best I can tell right now, social conservatives are a broad group that believes that abortion should be illegal because it violates someone's right to live... and otherwise that gov't should not dictate morality to individuals and force the acceptance of things we do not agree with.

It also occurs to me that if someone is truly a small gov't conservative... why their social positions would matter. If they want to take the power to manipulate people and states away from the federal gov't... why are you concerned?

[GAVol]

Originally Posted by sjt18

The demagogues will declare any simplification plan a "shift of the tax burden from the rich to the middle class"... nothing could be further from the truth but that's what they will say.

Exactly . . . the arguments they use against 999 can be twisted into arguments against the Flat Tax, Fair Tax etc. It's a lot easier to criticize a proposal than to put yourself out there with an idea during a campaign.

If it were my plan - and there's no danger of that ever happening - I'd be a little vague on what the actual rate is so these advocacy groups couldn't come in and score it to meet an agenda.

[sjt18]

Originally Posted by GAVol

Exactly . . . the arguments they use against 999 can be twisted into arguments against the Flat Tax, Fair Tax etc. It's a lot easier to criticize a proposal than to put yourself out there with an idea during a campaign.

If it were my plan - and there's no danger of that ever happening - I'd be a little vague on what the actual rate is so these advocacy groups couldn't come in and score it to meet an agenda.

No one serious about reforming the system (aka a small gov't conservative) can get by with that. Obama was pretty much vague about everything. He was blessed by the MSM and got a pass. He is still getting a pass on specifics when he proposes things like his jobs plan. The MSM just isn't interested in a serious analysis of it.

The left will oppose tax reform because it takes a key manipulation tool away from them. If they can't offer tax code carrots then their contributions from business will dry up. If they can't demagogue taxes on the "rich" their populist support will diminish.

Of all the things the left cannot allow... tax code reform is at the very top... primarily because they know it will work.

FWIW, the establishment GOP are in the same boat.

[KiffinKiller]

how is perry a small govt conservative? He's tried to push through social legislation forcing women to get HPV shots...

[sjt18]

Originally Posted by KiffinKiller

how is perry a small govt conservative? He's tried to push through social legislation forcing women to get HPV shots...

It was more of a generic statement than one about Perry.

I don't think Perry can win the nomination. I have not made a final decision on him. He might could still convince me but has a long, long way to go.

IIRC, he said that decision was a mistake. I have other concerns... but not so much that.

What I am most optimistic about with him is that he's the second domino to fall. Cain and now Perry should pressure the other candidates to sign up for either a flat tax, fair tax, or some proposal to simplify and lower taxes.

The only one I do not think will accept tax code changes as a campaign point is Romney. I hope it will finish him.

[KiffinKiller]

He doesn't ooze big govt to you? I thought you, of all people, would be able to smell the smug air of govt on him.

[dreVol]

Originally Posted by KiffinKiller

He doesn't ooze big govt to you? I thought you, of all people, would be able to smell the smug air of govt on him.

[sticks head between legs and inhales deeply]
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[lawgator1]

Originally Posted by sjt18

I didn't take time to read the article yet.

The flat tax is an exceptional idea if done right. There's a couple of different ways of doing it right. One would be several brackets starting at fairly high income with no deductions. Another would be a single rate over a single very high deductable.

The demagogues will declare any simplification plan a "shift of the tax burden from the rich to the middle class"... nothing could be further from the truth but that's what they will say.

Yeah, the reason wealthy folks support the idea of a flat tax is because it will reduce taxes on the middle class and raise their own taxes.

This is also the reason that conservatives support it - because it would cost the wealthiest more in taxes. Stupid liberals just making it up that a flat tax would be bad idea for the middle class. What's left of it anyway....
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[KiffinKiller]

Originally Posted by dreVol

[sticks head between legs and inhales deeply]
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[swashes fart around in wine glass]