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i m wolf blitzer. you re in the situation room. captions by vitac www.vitac.com he s plunging in the polls and in need of a boost. will a new plan help rick perry climb back to the top of the republican race? his rival, herman cain, is leading the pack according to a brand new poll and perry is a distant fifth with cain apparently benefitting from his 9-9-9 tax plan, perry today unveiled his own new tax plan and 20 is the magic number. he proposes a flat tax of 20% for individuals and corporations, but in a twist, perry would let people choose to pay his flat tax rate or file under the current system, which he derived. the size of the current code is more than 72,000 pages. that s represented by this palate right over here and the reams of paper. that s what the current tax code looks like. the best representation of my plan is this postcard. this is is size of what we re talking about right here. taxpayers will be able to fill this out and file their taxes on ....
the income tax rate they pay now or 20%. it would keep the hugely mortgage interest and deductions for families earning less than half a million a year and would cut the corporate tax rate from 5% to 20 and temporarily slash it to 5.25 and eliminate taxes on stock dividends and long term capital gains. perry says he aims to unleash american ingeneral unite for a new american century. we will set our employers and our people free by slashing the cost of government, cutting taxes for the middle class families, balancing our budget and growing our economy. the future of america is too important to be left to the washington politicians. and joining me now with more on perry s number is cnn s number one numbers guy, ali velshi, this is kind of a flat tax and kind of not. the issue with it is that i don t know who in america wouldn t choose the 20%. you could run the numbers three ways, you could do it with 20% he s plo posing. do it the normal way which he says he ll l ....
his idol. i said, mr. sin rat ra, you hit this high a flat on this particular song. how did you do it? i just opened my mouth and it was there. you know? this is piers morgan tonight. i take you just the way you are harry connick jr., welcome. thank you. you are a man of so many hats it s almost ridiculous. a singer, pianist, big band conductor, a composer, an actor, three grammys, 25 million albums sold worldwide. you starred in a broadway musical. on a clear day you can see forever which opens in december. and you have a children s book. not content with dominating every other genre of entertainment, you re into the kids market. i guess what makes me want to do this stuff is that i guess what drives me is real interest in all these different areas. it was never really about i know you were joking about dominating these areas, but it s never really been about that for me. you know, things kind of happen organically, and broadway sort of happened out ....
good morning you to. it is tuesday, october 25th. this is your a.m. wakeup call. police in the dallas area are hunting for a us suspected seri rapist. the victims are all african-american women and from delta sigma pheda. the most recent attack was 11 days ago in the town of corinth. they re mystified by at parent sorority link to the case. right now we don t understand how he s obtaining the information. we don t know by chance if he has a list of members or just simply looking for members that may be out there sporting different paraphernalia, t-shirts, jewelry, license plate placards, things of that nature. so we put out a request to not advertise their affiliation for that sorority right now for their own safety. all four victims offered similar descriptions of the man showed in a video. police believe he s the man responsible for the attacks. investigators are urging delta members not to advertise their affiliation. you heard that. texas governor rick perry ....
oh, here we go. oh, kyra. what a laugh to start the day. happy monday, peeps. happy monday. [ laughter ] kyra, have a good show. we start off with presidential politics and the two states that will be critical in choosing the new president. the new presidential nominee. mitt romney is considered the heavy favorite. iowa is still up for grabs just 10 weeks before it hosts the nation s first caucuses. gingrich kicking off his day with a town hall. rick santorum holding several meet and greets across the state. both are touting their conservative credentials and seizing on the latest stumbles by herman cain. paul steinhauser has the big picture from washington. shannon travis on the campaign trail in iowa. paul, let s start with you. as romney files to get onto the new hampshire ballot, how strong is his lead? what do you think? very strong in the granite state. about 15 minutes from now, he ll be in concord, the state capital, and make it official there by p ....