he will let you pay a flat 20% or stick with the current tax system. the centers for disease control is recommending boys ages 11 and 12 get vaccinated for the human pap loma virus or hpv. currently girls are vaccinated to cut the risk of their cervical cancer. the cdc says vaccinating boys will help slow hpv, which is spread by sexual contact. libya s new rulers say moammar gadhafi was buried in an unmarked grave today in the desert. his body was on display in a cold storage unit for several days. the national transitional council says he was captured during his crossfire, but there are strong indications the long-time dig tear or the was shot at point-blank range while in custody. hurricane rina could get a whole lot meaner. it is already pushing 100-mile-an-hour winds and forecasters say it could be a major category 3 hurricane when it swipes the mexican yucatan, probably thursday. the hurricane is then expected to loop around towards cuba. rescuers pulled several
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.
Very did you have than president obama s decision. as you know from your last time out. at aation is a big issue. you talk in the book about a flat tax system. up yesterday, there are three ways to answer a question about taxes. yes, no, not now, yes, no, or not now. this is not now. so you do believe it is possible a president would have to raise tax, i assume because of the deficit in the country. i don t think that s necessary. i really don t think there is a need for more revenue in the government. what i do think there is is a need to cut the spending. and i m just not wanting to put myself in this, what i call absolute permanent box. if we have a nuclear attack on the country, you know, you don t want to say i said i wouldn t do anything about it. my point is, do we need more money? more attach? no. we need to cut spending. that s my absolute point. what we really need is a restructuring of the tax system we have. it is not just that we are
And makes people less willing to hire employees because they aren t sure what the health care policy will be or exactly how much their insurance will be for their employees. again, another thing we can do is reduce economic uncertainty, we have made a good down payment on that with though bipartisan agreement, to extend all of the tax cuts for two years an extending it longer would be better. gregg: u.s. corporate tax rate, depending on how you calculate it is roughly 39%, if you factor in accommodation of state average and federal rates, isn t that about 15 percentage points above the international average and makes us a whole lot competitive, john. absolutely. countries around the world have cut corporate tax rates in the last 15 to 20 years and have cut income tax rates. because they have gone to a flat tax system. there are 25 nations in the world, including many former communist countries that were able to start over with a completely blank slate after the fall of communism an
Touted. the covffers would be bursting. instead of figure the out how to get more money much the government should figure out how to effectively spend the money it already has. our credit score would be so low it wouldn t tip the scale. a large portion of deficit is interest on loans to foreign countries. this is insane. rob writes the wealthy pay more than their fair sure of tacks. if we adopt a flat tax system this idea would have legs. chandra writes no, and nor should it. i wouldn t trust the government to use the money responsibly. it still wouldn t be enough for them. it never will. entitlement programs currently on the books got so out of control many people become dependent on them and are on them for life. when you pay somethione to do