Page 2 - 882 Billion News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Lawmakers battling how to deal with the debt crisis on the hill. this year alone the federal government will run a budget deficit of $845 billion. are there any programs that could be cut to save money? doug mckelway live on the story, live in washington kicking off on what to cut, our new series here. good morning to you. >> reporter: good morning, bill. almost every president in the last 30 years tried to shrink or make the government more efficient. >> government is not the solution to our problems, government is the problem. >> the era of big government is over. >> reporter: but, the gover...

hello, everyone. i'm erin burnett. "outfront" tonight, a flat tax from presidential candidate, rick perry. >> it is time to pass a tax that is flat and fair and frees our employers and out people to invest and grow and prosper. >> he calls it flat. but the bottom line is it isn't really. the right word is sort of lumpy. here's why. a true flat tax would mean all americans start paying a flat tax of 20%. that's perry's rate on their income with no deductions. that's not how this works though. you keep your current rate or pick his new 20% rate. by allowing people to remain in their cu...

employers and out people to invest and grow and prosper. >> he calls it flat. but the bottom line is it isn't really. the right word is sort of lumpy. here's why. a true flat tax would mean all americans start paying a flat tax of 20%. that's perry's rate on their income with no deductions. that's not how this works though. you keep your current rate or pick his new 20% rate. by allowing people to remain in their current tax bracket, americans will continue to pay different rates. there are six federal income tax rates now. perry's new plan, because we don't have a 20, will make it s...

i'm wolf blitzer. you're in "the situation room." -- captions by vitac -- www.vitac.com he's plunging in the polls and in need of a boost. will a new plan help rick perry climb back to the top of the republican race? his rival, herman cain, is leading the pack according to a brand new poll and perry is a distant fifth with cain apparently benefitting from his 9-9-9 tax plan, perry today unveiled his own new tax plan and 20 is the magic number. he proposes a flat tax of 20% for individuals and corporations, but in a twist, perry would let people choose to pay his flat tax rate or fi...

outfront tonight, a flat tax from presidential candidate, rick perry. >> it is time to pass a tax that is flat and fair and frees our employers and people to invested and grow and prosper. >> he calls it flat. bottom line is it isn't really. the right word is sort of lumpy. here's why. a true flat tax means all americans start paying a flat tax of 20%. that's perry's rate on their income with no deductions. that's not how this works. you keep your current rate or pick his new 20% rate. by allowing people to remain in their current tax bracket, americans will continue to pay different...