Gov. Perry's Tax Plan: The APS Debate

[Scout26]

Here's the form:
http://www.rickperry.org/content/uploads/2011/10/sample-tax-return.pdf

and the plan:
http://www.rickperry.org/cut-balance-and-grow-html/

I actually like this better then Cain's 9-9-9 plan.  As much as I'd like to get rid of Mortgage and Charitable Deductions, I realize that that won't happen.  Just getting to a flat tax would be a HUGE step.

And I LOVE this:

Federal Regulations Automatically Sunset Unless Congress Renews Them

Just as working families must regularly re-evaluate their spending priorities, federal policy makers should also be required to assess whether decades-old regulations still make sense. A requirement that all new federal regulations will automatically sunset after seven years unless explicitly renewed by Congress will ensure continuous review of every new federal regulation. It will also empower the country’s elected lawmakers to hold federal agencies accountable for costly regulations that destroy jobs and reduce economic growth.

[MicroBalrog]

It's a nice plan.

Shame Perry will never even try to do it if he's elected.

[Jamisjockey]

It's a nice plan.

Shame Perry will never even try to do it if he's elected.

I think he'll try.  And roll over and cave as soon as he meets the slightest bit of resistance. 

[AZRedhawk44]

I think he'll try.  And roll over and cave as soon as he meets the slightest bit of resistance. 

He is getting his *expletive deleted*ss handed to him in the debates against Romney.  I half expect Perry to grow big droopy blonde ears and start peeing on the carpet in submissive nervousness like a Cocker Spaniel.

Anything that simplifies taxes, pushes the "you must at least pay something" line down away from the 50% threshold, and puts H&R Block / Jackson Hewitt out of business is A-OK with me.

[lupinus]

I think it's an OK plan. A flat rate is a great start, but why muck it up by setting it highish and then moving individual rates around through deductions an exemptions.

Why should I pay higher taxes because I have no children? What about that means more money for the .gov?
Why should I pay higher taxes because I rent? We live in a nice apartment in a nice neighborhood, costs us just as much as a mortgage.
Why should I pay lower taxes than someone else because I donate a measurable percentage of my income?

Set it at a reasonably low rate, do away with deductions, at MOST keep some exemption for those with a very low income, and be done with it.

[Waitone]

During memorable years of yore, President Carter and his asininity generated a movement calling for sunset provisions of all legislation coming out of congress.  Five years was the opening lifespan, no consideration for renewing legislation until year 4.  And my personal favorite--ban the practice of forward funding.  Forward funding is a technique used by bureaucrats and their toadies in congress to inflate initial funding beyond what was politically acceptable.  Congress would fund a program for say 3 years.  One year into implementation of the program the bureaucrats would say, "Hey, this thing is really moving.  We need additional funding."  So they could reach into the future and pull back additional funding, all without participation by congress.  Neat trick, Huh?  Strangely the movement never went anywhere.

[AZRedhawk44]

Seems APS doesn't care to talk much about Perry, and much more to talk about Cain.  As evidenced by 5 posts for Perry, and almost 5 pages of posts on Cain.


And I note the complete lack of "APS Debate" on Romney's proposal, and general apathy as to whether he even has one or not.

[roo_ster]

It's a nice plan.

Shame Perry will never even try to do it if he's elected.

I'd love to see Rand Paul & a fellow liberty-minded fellow in the House introduce it in total if Perry was elected.  That would be rich, indeed.

BTW: For Perry's plan as an improvement, not tax & spend nirvana.

[slingshot]

I think the American People will have one more chance to get it right and changing the basic tax system has to be part of the equation.  Otherwise, we are headed for exactly the same destination as Greece, Italy and probably France.  Then we are talking world wide depression and the ascenion of jihad.  Whether Iran has nuclear weapons will not even be an issue relative to sanctions.  It will be about survival.

IF the plan is so good, why not introduce in now for debate?  Same goes for the Cain plan...  The problem of course is that the Democrats still hold the majority in the Senate and the bill like so many Hourse bills may not even be allowed to reach the floor for consideration under Reid.  On the other hand, a new tax plan might be the thing to push current Dems toward real change rather than real spending.  Something dynamic has to happen.

[longeyes]

I think the American People will have one more chance to get it right and changing the basic tax system has to be part of the equation.  Otherwise, we are headed for exactly the same destination as Greece, Italy and probably France.  Then we are talking world wide depression and the ascenion of jihad.  Whether Iran has nuclear weapons will not even be an issue relative to sanctions.  It will be about survival.

IF the plan is so good, why not introduce in now for debate?  Same goes for the Cain plan...  The problem of course is that the Democrats still hold the majority in the Senate and the bill like so many Hourse bills may not even be allowed to reach the floor for consideration under Reid.  On the other hand, a new tax plan might be the thing to push current Dems toward real change rather than real spending.  Something dynamic has to happen.

You're right, but a dynamic and salutary tax overhaul would require a moral quorum that no longer exists in America.

[Jamisjockey]

I'm sad to say that I was excited by Perry at first, mostly because of Texas' prosperity.

I've learned alot in the last few weeks.
Among those things is that Perry isn't sincere.  A sincere man would know at his heart exactly which government agencies need to be cut, and not flounder on it during the debate.

The Texas budget has increased by almost 300% in the last 10 years.  While balanced (although this year that was with BS accounting trickery), it is shocking to see the gorging at the trough being adopted at this level, too.  And Perry has overseen such a gorging.

 

[longeyes]

This is why you can't separate economics from morality: you need to make moral and social distinctions, and be clear about your values and motives, to know what to cut and whom to impact.

[Jamisjockey]

This is why you can't separate economics from morality: you need to make moral and social distinctions, and be clear about your values and motives, to know what to cut and whom to impact.

Bullshit.  Economics has no morality.  Government should never make moral nor social distinctions when it makes economic policy. *expletive deleted*it, that's what's gotten us where we are.

[slingshot]

morality > No; Ethics > Yes  There is a difference.  However most ethics are morality based.  If Company A charges you $1000 for a job and company B would do the same job for $500....  is that moral?  It is ethical as long as the price was stated and agreed to as part of the contract for services.

I would not intentionally do business with a company that has no ethics.

[seeker_two]

I'm sad to say that I was excited by Perry at first, mostly because of Texas' prosperity.

I've learned alot in the last few weeks.
Among those things is that Perry isn't sincere.  A sincere man would know at his heart exactly which government agencies need to be cut, and not flounder on it during the debate.

The Texas budget has increased by almost 300% in the last 10 years.  While balanced (although this year that was with BS accounting trickery), it is shocking to see the gorging at the trough being adopted at this level, too.  And Perry has overseen such a gorging.

 

Welcome to the realm of common sense....and that Texas feeling of buyers' remorse....

I'd be worried about this train-wreck of a tax plan if I thought that Perry would actually try to change the DC status-quo....he's just another Rockefeller Republican trying to get his place at the leadership table.....