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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...

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...

Done is attacked our plan and that's demagoguery, it's the typical mediscare tactics and that was really the message that paul delivered. >> it was my understanding that the president also said the reason he's not offered up a plan, is he didn't think it would go anywhere in the house. >> he did say nothing he would propose could pass in the house but again, that was really, i think, indicative of where the president has missed the boat in terms of trying to leave. you know, we are trying to come to the table. we have a concrete plan in place to save trillions of dollars over a 10-year budget ...

We need to get a spending ceiling for the next two years because we're not likely to get a final budget out of a democratic senate and a republican house. we need to know how much we're going to spend the next two years, and that needs to be on a declining basis. then we need to do something mid-term, that is within what we call the budget window, within the next few years, both on 9 discretionary side and the mandatory side. and the mandatory side means entitlements. and we also need to do something long-term. i just mentioned we have over $50 trillion in unfunded liabilities. the president d...