Rick Perry came up with the best plan yet.

Republican presidential candidate Rick Perry unveiled a sweeping economic agenda Monday, highlighted by a plan to level a voluntary 20 percent “flat tax” on all taxpayers who will accept it in place of what they’re paying now.

I did a post a week or so ago about Herman Cain. This one is about Rick Perry.

On Tuesday, he came up with his tax plan, and I have to say, it is the best one so far. He even went so far as to make sure the government didn’t get any new streams of revenue out of it, and government spending in his plan is cut to 18% of the GDP. Reagan was President the last time it was that low. And Reagan instituted it.

First off, I really like this plan, and so do a lot of other people. Obama on the other hand had held off saying anything about it, that he will wait till all the GOP people kill their campaigns with these idiotic ideas, and then he will take the road on his. Which will be nothing but more U.S. killing ideals.

Here is what Perry’s plan entails, as taken from the National Journal.

Republican presidential candidate Rick Perry unveiled a sweeping economic agenda Monday, highlighted by a plan to level a voluntary 20 percent “flat tax” on all taxpayers who will accept it in place of what they’re paying now.

The plan, outlined in a Wall Street Journal op-ed column a day before the Texas governor was set to announce it in South Carolina, also calls for capping federal spending at 18 percent of the country’s GDP while allowing younger earners to privatize their Social Security accounts — a controversial proposal that echoes President George W. Bush’s failed 2005 attempt to overhaul the retirement program.

But the most significant feature of Perry’s plan is his call for a flat tax rate of 20 percent. Taxpayers who don’t want to pay a 20 percent flat income tax, he said, can keep their current rate.Current marginal income tax rates range from 10 percent to 35 percent, depending on taxpayers’ income.

Perry offers several proposals that appear designed to sweeten the offer — and to counter criticism that the flat tax is regressive, taking a proportionally bigger bite from smaller incomes. His plan would preserve popular deductions for mortgage interest and donations to charity for households earning less than $500,000 a year. It would increase the standard deduction to $12,500.

But Perry would eliminate other tax breaks. He argues that a streamed-down tax code (so simple, he says taxpayers can file on a postcard), along with spending cuts and entitlement changes, will stimulate the economy.

“By eliminating the dozens of carve outs that make the current code so incomprehensible, we will renew incentives for entrepreneurial risk-taking and investment that creates jobs, inspires Americans to work hard and forms the foundation of a strong economy,” Perry writes.

Although critics deride it as unfair to lower-income Americans, the “flat tax” has long been a favorite of many fiscal conservatives. Businessman Steve Forbes, who endorsed the governor Monday, made it the hallmark of his presidential campaigns in 1996 and 2000, and it’s a favorite idea of many congressional Republicans.

For Perry, the tax overhaul represents an effort to return into the good graces of many conservatives disappointed with a series of stumbling debate performances and apostasies on immigration policy. On Monday, just 10 weeks before the Iowa caucuses, his campaign announced the hire of six new staffers and the start of an ad campaign in the Hawkeye State.

His economic agenda does appear to go farther than some of his rivals. Neither Romney nor former Utah Gov. Jon Huntsman have called for a flat tax (Romney’s history with the flat tax is complicated), and Perry’s call for a 20 percent corporate tax rate is higher than Atlanta businessman Herman Cain’s proposed call for a nine percent rate (although Cain also calls for a nine percent national sales tax.)

Perry’s proposed cap on federal spending, 18 percent of GDP, is two points lower than Romney asked for in his own economic plan.

Calling his agenda “Cut, Balance and Grow” — a clear nod to congressional Republicans, who have proposed a “Cut, Cap and Balance” budget bill — Perry says his proposal is the best way to cure the nation’s ailing economy.

“Cut, Balance and Grow” strikes a major blow against the “Washington-knows-best mindset,” Perry said. “It takes money from spendthrift bureaucrats and returns it to families. It puts fewer job-killing regulations on employers and more restrictions on politicians. It gives more freedom to Americans to control their own destiny. And just as importantly, the Cut, Balance and Grow plan paves the way for the job creation, balanced budgets and fiscal responsibility we need to get America working again.”

Perry will formally announce his plan Tuesday at a high-tech plastics firm in Gray Court, S.C., outside of Greenville. Later in the day, he will travel to the statehouse in Columbia to announce endorsements from some state legislators.

No matter what my friends, if the idea comes from a Republican, the democrats are going to be against it. But this plan, though showing hard things to do, are the hard things that we need to bring this nation back into the black. Obama’s plans have driven us down the road of red tape for the last two years. And no president since Reagan has called for cuts in Government spending. The cutting spending to a manditory 18% of GDP hasn’t been done since Reagan did it. And it’s long long overdue. Our economy is proof of that. But Obama sneers at it. Of course he does. He is a huge government big spending liberal that believes that the only way out of debt is to spend like a fool. And a fool he has been.

America has had enough of fools, both in Washington and at the ballot boxes. Let’s vote with common sense this time. Something that hasn’t been done in a while. Government programs are the bondoogle that is destroying America. Big Government is distroying America, and anyone who isn’t running on a campaign platform of shrinking government and it’s spending is a fool and we are fools if we vote them into office. America’s future depends on these next elections. Vote America, not dependency.

May God Bless our efforts to help get America back, and put God back into our country
God Bless America, Bless all Americans, and bless us to start using more common sense.


About Robert P. Garding

I am a Reagan Conservative, who is very alarmed at the Liberals who have just lost their majority over our government, but continue to act like it never happened. They have to be stopped. NOW or even sooner.
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2 Responses to Rick Perry came up with the best plan yet.

  1. tapline says:

    Robert, I have listened to all the politicians and then I look around here in Maine….All the factories that made this country great are closed, and believe me we had many factories…..Everything that has made this nation the melting pot has indeed melted. Certain areas had to be cleaned up but,,,in doing so they the EPA and the likes have forced all these businesses overseas….Either by design or otherwise,,,they are gone …..never to return…where are all the jobs coming from?????new jobs…..From where…..AS far as taxes are concerned. People have to have a job first,,,,in order to pay taxes….
    reply from Robert: You are so right. The regulations that the government is always trying to place on the businesses in this country are making sure that they will no longer come here. The best thing to do, is to get rid of regulations….and lower taxes, corporate and otherwise, and let the ecomony come back naturally. And it will. All the government has to do, is get out of the way.

  2. Seane-Anna says:

    “Vote America, not dependency.” Exactly, Robert! Whatever the merits of Perry’s tax plan those 4 words by you are the essence of what the choice is in 2012. Do we vote for dependency which entails more and more government spending? Or do we vote for America, for self-reliance, for free markets, which entails less government spending and less government control over our lives? We must pray that enough Americans have the knowledge, patriotism, foresight, and courage to reject the easy path of dependency and vote for America. I know I’m going to.
    reply from Robert: I know that enough Americans will vote for America in these next two elections, to vote a bunch more democrats out of office, including Obama. The troubling part is, that 48% of the people still sort of support Obama. That number is way too high. Americans need to be educated back to what America is and what she stands for. Or we will lose her. Not what I want that is for sure. America will win. It’s going to be a long battle, but we will win.

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