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Transcripts For CNNW Your Money 20111030

governor rick perry is proposing giving you taxpayers a choice. essentially you can pay your current income tax rate under this code or skip the accountants and software and pay a 20% flat tax rate. the bottom line, most americans choose a 20%, and at the least this would amount to a tax cut for the wealthy. candy crowley is the chief police kp correspondent, and anchor of state of the union on cnn. no one is sure what romney s proposal is, whether it s economically sound. after herman cain s success for getting attention for the 9-9-9 tax plan i can see why perry seized on the idea of a simple tax. this tax code helps us understand that. i m not clear on whether they succeed or fail on the economic plans or how sexy or simple the plan sounds or whether it has nothing to do with that and who has the best chance to beat president obama. it s somewhere in between there, ali. there are certain things to say in this republican primary that would make him or her a non-starter,

Transcripts For CNNW Your Money 20111029

i m ali velshi. welcome to your money. rick perry is proposing give you a tax choice. currently you can pay it under the cold or pay a 20% flat tax rate. the bottom line, most americans choose a 20%, and at the least this would amount to a tax cut for the wealthy. candy crowley is the chief political course it dent and anchor of state of the union on cnn. no one is sure what romney s proposal is, whether it s economically sound. after herman cain s success for getting attention for the 9-9-9 tax plan i can see why perry seized on the idea of a simple tax. i m not clear on whether they succeed or fail on the economic plans or how sexy or simple the plan sounds or whether it has nothing to do with that and who has the best chance to beat president obama. it s somewhere in between there, ali. there are certain things to say in this republican primary that would make him or her a non-starter, and that is i m going to raise your taxes. i will make big cuts in defense spendin

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