CNNW Erin Burnett OutFront October 25, 2011
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...