Perry Plan News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Selling the not tax an his own on the heels of herman cain's 9-9-9 campaign and the perry plan is said to be an effort to june start his campaign a little too late. what do you thing of that plan of his? >>guest: well, i don't know. i just think that all the others have talked a lot more about taxes than i do. en knows my position on taxes. they are too hide and i would like to get rid of the income tax. we talk about spending because that is where the problem is. and i think they do this almost to stay away from the difficult choices. how many others have, really, offered any significant cuts...

Perry's plan. the most important point of it is you have a choice. there will be an optional 20% flat tax so if you choose to do that, then you get the rest of these changes. the caps would -- caps federal spending at 18% of the gdp and ends the death tax for you. exemptions for families earning $500,000 or less. and the $12,500 standard deduction for dependents. i'm assuming that's the way it works. if you choose the 20% flat tax, then you have to choose the rest of the plan that comes with that which means you also could not write off charitable giving anymore and you would not get that mort...

And both plans would cut taxes on wealth and investment income shifting the tax burden on to work and wages although it's not necessarily completely true because at least in the perry plan, if you're a lower income person who support currently paying income taxes, you can choose to continue that plan for you. >> the deficit commission recommended that they redo the tax structure. the jobs plan couldn't get out of the senate when it leads to three democrats that defected from the vote and seven expressed their -- their being displeased with the jobs plan contained. they're going piece by piece....

And he said yesterday that the tax system should be "flatter." but he said the details of any such plan are key. romney's economic plan thus far does not include a flat tax but would lower some tax rates for middle class families and corporations. perry's announcement of his optional 20% flat tax comes on the heels of businessman steve forbes endorsing him. forbes, when he ran for president in 1996 proposed a 17% flat tax and he advised perry on putting this plan together. back to you guys in new york. >> great comparison, all right, molly henneberg, we thank you very much. the white house and...

A good thing. >> well, speaking of plans, rick perry is coming out later today officially with this 20% flat tax. what do you think about that? >> you know, i don't really know enough about it to comment. i'm looking forward to hearing about that. i think it's no different than governor romney's plan or herman cain's. i mean, having a plan out in the open and having the public actually be able to debate it is really, really a great thing. >> i know all the campaigns are watching you right now because they'd like your money. what's it going to take to get bruce's dough? >> you know, steve, i do...