Theodore's World: Steve Forbes: Perry’s flat tax ‘most exciting tax plan since Reagan’s’

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October 21, 2011

Steve Forbes: Perry’s flat tax ‘most exciting tax plan since Reagan’s’

Steve Forbes: Perry’s flat tax ‘most exciting tax plan since Reagan’s’

by Zachary Roth

October 20, 2011

Steve Forbes, whose flat tax plan helped make him an unlikely contender for the Republican presidential nomination 15 years ago, is praising a new version of the idea from Rick Perry. And Forbes, who says he helped devise Perry's plan, left little doubt that he'll formally back the Texas governor before long.

In an interview with Yahoo News, Forbes called Perry's proposal, announced in a speech Wednesday, "the most exciting tax plan since Reagan's," in 1980.

Asked whether that included his own 1996 plan, Forbes said it did, because unlike him in 1996, when he fell short of upsetting front-runner Bob Dole, Perry "is going to win."

Forbes, the chief executive of his family's eponymous publishing empire, said the Perry camp reached out to him for help in crafting their plan. "We got into discussions of basic principles--how the thing might be shaped," he said. "The candidate concluded it ought be a simple rate. Make it as simple and bold as possible."


Forbes hasn't officially said that he's backing any candidate, but he left little doubt that he'll formally get behind Perry soon. He said he would announce his support for one candidate soon, "and I don't think it'll surprise anyone.".

Wild Thing's comment.........

A true flat tax is the best workable option for the entire country.

In 1981 Reagan began his quest to reduce the number of personal tax rates from roughly 64 spread over four categories of the federal income tax code, down to two, 28% and 15% by 1988. A great acommplishment.

What Perry wants to do is even better.

And also I really like Perry's wonderful Energy Plan which would create several hundred thousand jobs in the 100 days. This would get the ball rolling. Perry knows energy very well. He has only been in a campaign for 2 months and the others have been running for months, and Romney for 5 years. Those so called debates run by liberal moderators were certainly not debates. However, you only want to smear and trash as you have from the moment he entered the race.

Rick Perry is a real leader with real solutions.

I love this quote!

...."When Romney kept insisting Perry let him talk and sounded whiney in doing it, the Texan finally looked at him and said, “Have at it.” So he uses a marvelous Southwest colloquialism to give Romney permission to proceed. That one may go down with Reagan’s “There you go again” to Carter. Never mind politics, American public life has not seen this kind of camera presence since maybe John Wayne. Men like him and women admire him. And he seems to be getting used to the debate format. On or off stage, he’s got a commanding and theatrical presence." ~ Obi-Wan Kanobi Jim Geraghty

Posted by Wild Thing at October 21, 2011 03:50 AM


Steve Forbes has been promoting the Flat Tax idea for as long as I can remember. As a matter of fact he used it as the main reason for making a run for the Republican nomination a couple of times.

The Flat Tax is a great idea, that is long overdue.

The only problem is its implementation. The opposition to the plan comes from both parties and all directions at all levels.

It will take a major shift in the thinking of the leadership in both Party's, to bring it about.

Unfortunately I don't see that happening.

Posted by: Sean at October 21, 2011 11:48 AM

So true Sean. The special interests and the politicians they buy will fight a flat tax tooth and nail. It will take a strong president and lots of Tea Party support to revise the horrible tax code we have in place now.

Posted by: TomR, armed in Texas at October 21, 2011 06:34 PM

Comrade Babeushka, Dr. Zhicago does not like the
'F' word applied on his socialist watch - 'FAIR'
for a FAIR across the board FLAT TAX wouldn't suit the 51% free loader Barckshevik Nation...
For Halloween I'll sleep on the sidewalk in front of my house and tell the kids trick and treating that Wallstreet has all the candy...?

Posted by: darthcrUSAderworldtour07 at October 21, 2011 08:43 PM

Listening to Newt Gingrich's speech in Iowa Saturday it occurred to me that all of the Republicans candidates can achieve orbit and that none of them are the wet fizzle of Obama. That in each case the MSM is getting better at cutting them down.
I remember the blast Newt's four years were as Speaker. That kind of positive for the country has only occurred during Kennedy's tax cuts, Reagan's eight years and Newt’s four. Before that you have to go back to the Harding/Coolidge administration and the roaring twenties.
I don’t know if we can convince the Republicans to hang together but if we can I think the moon may be the limit after 2012.
Faced with the monsters that come out in front of the Whitehouse these days it is hard to look forward and see that the edge of the woods may only be a couple of years away.

Posted by: Avitar at October 23, 2011 02:35 AM