Perry Proposes New Tax Plan to Improve Poll Numbers

POSTED: Tuesday, October 25, 2011 - 3:11pm

UPDATED: Wednesday, October 26, 2011 - 11:58pm

Texas Governor Rick Perry is floating a plan to radically cut taxes as he works to revive his flagging presidential campaign. Under Perry's plan you'd pay what you pay now or opt for a flat 20% rate.

"Taxes will be cut across all income groups in America," Perry proclaimed.

Since the early 1900s, the more you make, the higher your rate. Polls say most agree the rich should pay more, but Perry feels differently. Perry's plan would even allow most deductions. He'd cut corporate taxes to 20% as well. Perry's support has plummeted to 6% according to the latest CBS/New York Times poll.

Herman Cain is at 25%, with Mitt Romney up to 21%. Perry losing focus in debates hurt him, and he lost his serious tax focus briefly Tuesday as well, laughingly telling CNBC's John Harwood why he's reviving the issue about Barack Obama's birthplace.

"It's fun to poke at him a little bit and say let's see your grades and your birth certificate," Perry chuckled. "It's a good issue to keep alive."

To keep his campaign alive, Perry also promised Social Security and Medicare reform, allowing younger workers and even states to opt out, proposals he hopes will grab attention.

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do away with earned income credit we'll save truck loads of money nation wide!!!

Why does'nt anybody propose to cut government spending like stop all these wars going on instead? CEO'S from major corporations earn up to 40 cents of every dollar that their company makes in profit every year in pay. Why not cut this corporate greed also if the "rich" do not want to pay more taxes? Medical companies also charge ridicoulous amounts of money for routine surgeries like apendix removals. Why is this practice accepted? This economy can't be fixed by simply modifying our taxes.

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