GREENVILLE, South Carolina (Reuters) - Republican Rick Perry outlined a broad economic proposal on Monday to let Americans pay a flat 20 percent income tax rate and allow corporations to bring profits home from abroad at a discount.
Senh: Rick Perry's tax plan is the 20/20 plan, I guess. We'll wait for the number crunchers to see who this plan benefits - the haves or the have-nots. With the lower tax rate, will the federal government lose money with this plan? UPDATE: Looks like the reviews are in, and it's not pretty. It's panned by both parties.