i m wolf blitzer. you re in the situation room. captions by vitac www.vitac.com he s plunging in the polls and in need of a boost. will a new plan help rick perry climb back to the top of the republican race? his rival, herman cain, is leading the pack according to a brand new poll and perry is a distant fifth with cain apparently benefitting from his 9-9-9 tax plan, perry today unveiled his own new tax plan and 20 is the magic number. he proposes a flat tax of 20% for individuals and corporations, but in a twist, perry would let people choose to pay his flat tax rate or file under the current system, which he derived. the size of the current code is more than 72,000 pages. that s represented by this palate right over here and the reams of paper. that s what the current tax code looks like. the best representation of my plan is this postcard. this is is size of what we re talking about right here. taxpayers will be able to fill this out and file their taxes on that.
call. american morning continues right now. i m ali velshi. the obama administration trying to defend its decision to award stimulus money to solyndra. a solar power company that went bankrupt. taxpayers are on the hook for more than half a billion dollars. i m christine romans. u.s. officials concerned about terrorist groups setting up long-term residence in post-gadhafi libya. should our lawmakers cut back? we will talk to one senator that says yes on this american mornin morning . good morning. good morning. it is thursday, september 15. welcome american morning. good to be back with you guy. nice to have you back. havena lot of good news. you will love it. up first, taxpayer, you are on the hook this morning more more than a half a billion dollars. here is why. solyndra, a solar panel company in california, declared bankruptcy after receiving $535 million in federal stimulus money from your tax $. the white house trying to defend its decision to award th