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(Image from article: "Republican Perry proposes flat tax, corporate tax cut")

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Gingrich says he paid 31 percent in taxes in 2010

Newt Gingrich

On a separate issue, Gingrich told reporters that he paid 31 percent of his 2010 income in taxes, more than double the 15 percent Romney said he pays. A Gingrich spokesman said the 31 percent was the effective federal rate on his income. Gingrich declined to criticize Romney on the tax issue, saying instead that it made the case for his own proposal to put in place an optional 15 percent flat income tax. "My goal is not to raise Mitt Romney's taxes, but to let everyone pay Romney's rate," he said.

Senh: I didn't think the 15% tax rate that Mitt Romney paid last year will become such a big issue.

 

Rick Perry's tax plan panned by conservatives and liberals alike

Rick Perry's tax plan panned by conservatives and liberals alike

The reviews are coming in on Rick Perry’s flat tax plan—and even some conservatives are giving it a thumbs-down.

 

Republican Perry proposes flat tax, corporate tax cut

Republican Perry proposes flat tax, corporate tax cut

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.

 

Rick Perry's flat tax plan is a political gamble

Texas Gov. Rick Perry's call for a flat income tax rate will tie his Republican presidential campaign to a contentious issue that excites many conservatives but has repeatedly failed to win the embrace of mainstream America....

Senh: As long as there's no loopholes for the rich and there's an exemption for the poor, I don't mind it. The rich do get a huge tax cut from this though, but they're probably getting it anyway from the current tax code with all of its exemptions and loopholes.

 

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