One rule of politics: Anything that sounds so simple you can boil it down to a two or three word slogan is a fraud.
That was true of Nancy Reagan’s “Just Say No.”
That’s true of Herman Cain’s “Nine, Nine, Nine.”
And that’s true of Rick Perry’s “Flat Tax.” It’s an old idea and a bad idea. It’s been around since the days of Ronald Reagan. And there are two good reasons why it’s never been adopted: Because it won’t work. And because it’s unfair.
It won’t work because there are too many special interests in Washington, and in the Congress, who will poke so many holes in a flat tax – for special crops, for certain organizations, for critical industries – it will end up looking like Swiss Cheese.
Perry himself allows deductions for home mortgage interest and charitable deductions. So his flat tax isn’t really flat at all.
And it’s unfair because, do the math, what it means is: Under any flat tax, the very rich will pay less in taxes. And the poor and middle class will pay more.
Rick Perry’s plan is nothing more than one more scheme to give the wealthiest Americans another tax break.
Just say no – to the flat tax.
That’s my parting shot for today.