Perry’s Economic Plan: Cut, Balance, and Grow, AKA 20-20
Rick Perry has unveiled his economic plan, and it’s likely to pick up the nickname 20-20, from the 20% personal and 20% corporate flat tax rates. However, it has a lot more to it, as the campaign website shows:
The current economic problems faced by so many Americans were created by years of wasteful mismanagement and incompetent central-planning and cannot be fixed overnight. To be sure, there are a number of things that can be done by the president on day 1 to begin the process of restoring the American economy. But the reforms necessary to fix the broken tax and regulatory code, balance the budget, and grow the economy for the long-term will take some time and patience. Their implementation requires a clear plan, consistent leadership, and sustained resolve.
It’s quite possible that this will re-start Perry’s flagging campaign, because it offers a clear plan not only for taxation but for putting government back within its constitutional boundaries.
Read the whole thing, really.