looks like his plan is 20/20
The code that Perry is proposing would feature a 20% personal income and corporate tax, the elimination of Social Security and capital gains taxes, and the preservation of popular deductions for mortgage interest and charitable giving. Under the "cut, balance, and grow" plan, tax loopholes for corporations would be phased out while the standard exemption for those earning $500,000 or less would be increased to $12,500.
His economic team believes that those changes, combined with deep spending cuts and entitlement reforms including a gradual increase in the retirement age, will encourage so much growth and save families and corporations so much in compliance costs that the budget could be balanced by 2020.
Perry contrasted the single postcard with a dishwasher-sized stack of paper boxes that he said represents the current maze of regulations. (Under Perry's plan, Americans would still have the option to use the existing tax code over the flat tax.)
didn't one of Tom Clancy's books have some guy introduce a tax form the size of a post card?