Rick Perry released his terribly amusing tax plan in the Wall Street Journal on Tuesday and it was greeted even by conservatives with hoot of derision. He’s actually proposing an optional flat tax — people can choose whether to pay a 20% flat tax or work under the current tax structure.
On Tuesday I will announce my “Cut, Balance and Grow” plan to scrap the current tax code, lower and simplify tax rates, cut spending and balance the federal budget, reform entitlements, and grow jobs and economic opportunity.
The plan starts with giving Americans a choice between a new, flat tax rate of 20% or their current income tax rate.
Um. Rick. If you’re going to let people stay under the current tax code instead of the flat tax, you’re not going to “scrap the current tax code.” You’re just going to augment it with a whole new section. Even the National Review bluntly calls it “an embarrassment” and says that the plan “defies credulity.” You’re not off to a good start, Rick.
Like Dispatches on Facebook: