Tax Policy Center

Rick Perry

Individual Taxes: TaxVox
Welcome to Tax Vox’s fifth annual Lump of Coal Award recognizing 2011’s ten worst moments in fiscal policy. It is hard to imagine so much ugliness crammed into a mere 12 months. But after much thought and debate, the winners are: 10. The rating agency Standard & Poor’s for downgrading U.S. debt
December 22, 2011Howard Gleckman
Campaigns, Proposals, and Reforms: TaxVox
GOP Presidential candidate Newt Gingrich is proposing a massive tax cut aimed at the highest earning American households. Gingrich’s plan would add about $1 trillion to the federal deficit in a single year. And while most of the nation’s lowest income families would get no benefit from these tax
December 12, 2011Howard Gleckman
Campaigns, Proposals, and Reforms: TaxVox
I’ve been reviewing the tax plans of the major Republican presidential hopefuls and am struck at how conventional Mitt Romney’s is. While Herman Cain wants to replace the entire federal tax code with his 9-9-9 consumption tax and Rick Perry favors a massive tax cut , Romney would do little more
November 8, 2011Howard Gleckman
Campaigns, Proposals, and Reforms: TaxVox
Texas Gov. Rick Perry says he wants to cut taxes for everyone and balance the budget. It's probably impossible to do both. Sadly, Perry’s new fiscal plan may fail at each. But just how far short he falls depends on what you’re measuring his plan against. I was a pretty decent basketball player
November 1, 2011Howard Gleckman
Campaigns, Proposals, and Reforms: TaxVox
One of the biggest problems with Texas Governor Rick Perry’s optional flat tax may be the choice it gives taxpayers. Perry says you can either pay his new tax or pay under today’s system, whichever results in a lower bill. That sounds great, but it is a policy disaster. This is the tax code we're
October 26, 2011Howard Gleckman
Campaigns, Proposals, and Reforms: TaxVox
There is lots we still don’t know about GOP presidential hopeful Rick Perry’s tax and budget plan . But I am pretty sure of one thing: The proposal he released today would result in a massive tax cut and, combined with his vow to balance the federal budget by 2020, implies huge reductions in
October 25, 2011Howard Gleckman
Federal Budget and Economy: TaxVox
Want to know what the Great Budget Debate of 2011 is really about? Ask Congressional Budget Office director Doug Elmendorf (who was a Tax Policy Center associate before joining CBO). In testimony to Congress’s fiscal super committee on Tuesday, Doug put the whole thing into a few simple sentences
September 15, 2011Howard Gleckman
Campaigns, Proposals, and Reforms: TaxVox
Texas Governor Rick Perry is being rightly criticized for his loony claims about Social Security in last night’s GOP presidential debate. But what troubles me the most is this whopper: “It is a Ponzi scheme to tell our kids that are 25 or 30 years old today, you're paying into a program that's
September 8, 2011Howard Gleckman
Federal Budget and Economy: TaxVox
The other day, I spent a few hours with some of Washington’s most experienced budget experts. The session was off-the-record, so I can’t tell you who they were but I can tell you what they said. In short, don’t count on much real deficit reduction any time soon, despite this summer’s debt limit
August 30, 2011Howard Gleckman
Campaigns, Proposals, and Reforms: TaxVox
Of all the curious rhetoric floating around both Washington and the campaign trail, the strangest may be the demand of many Republicans that Congress raise taxes for low-income working households even as it cuts taxes for the wealthy. The left has, not surprisingly, gleefully leapt on the issue.
August 25, 2011Howard Gleckman