GRAY COURT, S.C. (AP) — Republican presidential candidate Rick Perry is rolling out an economic plan that includes a flat tax proposal, private retirement accounts for Social Security and a lower corporate tax rate.
The Texas governor on Tuesday was outlining a proposal he calls "Cut, Balance and Grow" that is aimed at creating jobs and fixing the struggling economy, voters' top concerns heading into the 2012 election. Perry's plan sets a flat 20 percent income tax rate, but also gives taxpayers the option of sticking with their current rate.
He would maintain popular deductions for families making less than $500,000 a year, and eliminate taxes on Social Security benefits.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
- Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
- Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.