Perry’s Economic Plan Would Slash Taxes, Federal Spending on Programs
In Greenville, South Carolina, Texas governor and Republican presidential candidate Rick Perry formally unveiled his economic plan Tuesday. The proposal includes long-held conservative goals, including personal accounts for Social Security, an optional flat tax, major spending cuts and a series of tax cuts.
The plan would dramatically reduce taxes, particularly on wealthy Americans and corporations. It would reduce the corporate tax rate from 35 to 20 percent, eliminate taxes on dividends and many capital gains and essentially cap individual tax rates at 20 percent. Read more in the link below.