- Perry rolls out his 20% flat tax along with a Cut, Cap & Balance-esque fiscal plan.
The plan starts with giving Americans a choice between a new, flat tax rate of 20% or their current income tax rate. The new flat tax preserves mortgage interest, charitable and state and local tax exemptions for families earning less than $500,000 annually, and it increases the standard deduction to $12,500 for individuals and dependents.
- He’ll take the fight to Romney.
- The Obama campaign licks its chops.
- No peak yet: Cain’s still out front in national polls.
- Opposition to Ohio’s collective bargain restrictions picks up steam as the ballot referendum nears.
- Why Volcker soured on his eponymous rule.
- And Herman Cain’s campaign drop another heavy hint that it’s just an elaborate improv sketch:
[youtube=http://youtu.be/qhm-22Q0PuM]