CNNW Erin Burnett OutFront October 26, 2011
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...