The Perry Plan, a pleasant surprise

While I have been working on a blog about the evils of overregulation as well as a church event here at home which featured a dynamic Christian young lady named Becki Hedrick whose music and ministry are so good that I am going to throw in an unsolicited and gratuitous plug for her website http://www.beckihedrick.com/  it seems that Rick Perry has released his economic plan and it is good, so good that rather than simply adding a comment to last weeks I’ll take a few extra minutes to review it properly.

First of all Perry’s plan eliminates the death tax permanently, that is point positive number one.

Perry’s plan calls for a 20% flat tax on both business and personal income with a very streamlined set of deductions, including mortgage and charitable deductions. The flat rates are optional but the power of the government to use the IRS as a behavior modifying force would be sorely curtailed and perhaps killed.

Lastly and this is necessary to move the tax plan to my upper echelon, a 2/3 majority would be necessary to raise taxes, this would eliminate any gratuitous raise in taxes by one party.

I am moving the Perry Plan all the way up to number two on my list, right behind Cain’s 999. My first reason to still put Cain at number one is that I think the benefit of a 9% business tax override the drag of a 9% sales tax 5fold, as well as a 9% flat tax which ensures that everyone pays a little but no one pays too much. Perry’s plan, as does Newt’s, makes the flat rate optional so I really don’t know how that will cause those who currently do not pay to pay anything and while I hate the over burden and oppressiveness of our current system I do believe in supporting the constitutional functions of government. The one big advantage to Perry’s plan is that it is far easier to implement than Cain’s as it would not require a constitutional amendment, and that almost vaults it to number one for me.

Perry’s plan would eventually lower spending to 18% of GDP which is similar to the Clinton years and while it would still allow for a bloated safety net and too big of a government presence it would be a burden our economy could handle.

Perry’s website which I linked to last time has details

Until next time, keep on the firing line