for ideological bounce on the ticket. sometimes geographical bounce. you have to have somebody on the ticket who really is a credible potential vice president and it can hurt you marginally if you don t. it s happened before. bill: got to be state by state so the governor of virginia would be in play. exactly right. bill: i have got perry here tomorrow, what question do you want me to ask him? give me your toughest? get in with him about the details of flat tax proposal. because they are exciting but they can be they can back fire on you as you have seen to some extent with cain. that would be fret fruitful inquiry. bill: get into illegal immigration with the governor as well, which should be interesting. understood. bill: more troubling activity from the occupiers. they hassle banks in california. juan and mary katharine moments away. ( phone ringing )
we re back with the breaking news report on rick perry s flat tax proposal which he s just released through an op-ed piece in the wall street journal. a choice between your current tax rate or a flat tax rate of 20%. a reduction in the corporate rate to 20%. and an opt out of social security for younger workers. joining me now by phone is msnbc analyst jared bernstein, former chief economist to vice president biden. thank you for joining me. thank you for having me. i m speed reading through the op-ed piece in the journal and what i m seeing is you would have a choice between a new flat tax rate of 20% or your current income tax rate, the new flat tax preserves mortgage interest, charitable deductions, state and local tax exemptions for families earning less than $500,000 annually. and it increases the standard
one of the worst ideas that this nation has ever seen in terms of really taking money out of the pockets of the middle class and poor people and putting it in the hands of corporations and billionaires like david and charles koch. this time magazine report now says republican operatives in new hampshire, florida and south carolina, they see few signs of an organized herman cain campaign staff in these early primary states. but with the backing of the koch brothers and afp behind him, from what you have seen in wisconsin, do you think herman cain needs a traditional campaign apparatus or could afp and the koch brothers render that obsolete? he s defining the message when it comes to the republican primary. rick perry just came out with his flat tax proposal. this is, you know, herman cain is the first corporate spokes candidate and articulating the gospel of david koch. when it comes to aggressive tax policies. what do you predict, you describe there as an astroturf
kind of ordinary, everyday. i get that could send a message about getting the government off your back but i m not even sure if you re one of those people you want people smoking around you. i don t know. i don t know. i m with you because i don t know what the ultimate impact will be. to have somebody smoking in a campaign commercial is the first time i ve seen it. it s different. herman cain s campaign is different. michael steele, it s always good to see you. thank you. well, from rick perry s flat tax proposal to herman kahne s ever evolving 9/9/9 plan will any of the tax plans actually help the economy and create jobs? we ll break it down for you in just a few minutes. let s talk about a miraculous rescue from the quake zone. a 2-week-old baby was pulled alive from the rubble of a collapsed building 46 hours after the earthquake first struck. rescue teams are working around the clock for a third straight day in search of survivors. this video just in shows the massive de
opt for zero. and the other thing is there s no national sales tax attached to this plan which is a huge difference between what s about to be the perry plan and the herman cain plan and that was the one much talked about controversial point of the herman cain plan was adding that 9% federal tax to your retail consumption. all right, so we ll see how that stacks up and we ll see if maybe the cbo or somebody else wants to grade it on the side and see if enough revenue goes in there to change anything. how does that plan stack up against plans of other frontrunners? molly henneberg has a calculator and very smart math friend, very good at math, i should say, and more from washington. what did you come up with? anything? always, brian. good morning, brian. that s good news. gretchen and steve. rick perry is hoping this new economic plan that includes that flat tax proposal will give some gas to his campaign especially among conservatives who are intrigued or interested in the fl