“It is time to pass a tax that is flat and fair and frees our people to invest and grow and prosper,” Perry said in South Carolina, where conservative voters are dominant and a state Perry would need to win for any chance at the nomination. Speaking at a plastics plant in the rural town of Gray Court, Perry waved a postcard-sized form that he said would be the same size as a tax return under his plan to simplify the huge U.S. The Texas governor’s plan would also slash taxes for corporations and could mean a tax cut for low- to middle-income households. Perry’s roll-out of his tax proposal, part of a broad economic plan, came as a poll showed him struggling in the race to decide the Republican presidential nominee. Perry proposed a broad economic plan on Tuesday centered on letting Americans pay a flat 20 percent income tax rate that he hopes will reinvigorate his fading presidential campaign, during a visit to the plastics manufacturer. Impossible Guess again, says Steve Forbes, in his important new book Flat Tax Revolution. Republican presidential candidate Texas Governor Rick Perry speaks during a visit to plastics manufacturer ISO Poly Films in Gray Court, South Carolina October 25, 2011.
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