Perry Campaign Press Release - In Case You Missed It

Andy Roth, Club for Growth on "Your World with Neil Cavuto," Jan. 9, 2011

"Rick Perry I think has one of the best if not the best plans. He's got a 'Cut, Balance and Grow' plan where he wants to institute a Balanced Budget Amendment and cap spending at 18 percent, and then he wants to cut taxes all over the place that would just really be a pro-growth boon. It'd be eliminating capital gains, lowering corporate tax rates and personal tax rates down to 20 percent. Very, very strong plan."

Mr. Roth was also critical of Newt Gingrich, Rick Santorum and Mitt Romney's economic records and plans:

"With Santorum... if you looked at his record when he was in the Senate, he was a prolific earmarker , he supported adding trillions to Medicare, so it's just not believable."

"Newt Gingrich is kind of in the Santorum camp... his track record is just very, very weak. You know, he supported Medicare Part D, which expanded entitlements in a huge way, he supported cap and trade with Hillary Clinton, the list goes on and on..."

"Mitt Romney...  actually deserves to be in last place on this because it's very uninspired ideas that he has. He barely wants to tinker around with the tax code and he wants to lower spending to 20 percent of GDP from its current 24 percent. "

More on Rick Perry's strong Cut, Balance and Grow economic plan:

CUT Taxes and Spending. BALANCE the Budget by 2020. GROW Jobs and the Economy.

 (http://www.rickperry.org/cut-balance-and-grow-html/)

FIX THE TAX CODE

• Institute Individual Flat Income Tax Rate of 20%
• • Allow Individuals to Choose Existing Tax Code or Simple Flat Tax System
  • Preserve Deductions for Mortgage Interest, Charity, and State/Local Taxes
  • Include Standard Exemption for Individuals/Dependents of $12,500
  • Standard Exemptions and Other Deductions are Phased Out for Filers with Annual Incomes Above $500,000
• Eliminate Tax on Social Security Benefits
• Eliminate Tax on Dividends and Capital Gains
• Eliminate Death Tax
• No Federal Sales Tax or Value-Added Tax
• Reduce Corporate Income Tax Rate to 20% to Enhance American Competitiveness
• • Eliminate Corporate Loopholes and Special-Interest Tax Breaks
  • Transition to a Territorial Tax System
  • Allow Locked-Up Overseas Capital to be Brought Back to the U.S. at a Reduced Tax Rate of 5.25%

FIX THE FEDERAL REGULATORY SYSTEM

• Immediate Moratorium on All Pending Regulations
• Full Audit of Every Regulation Passed Since 2008
• • Regulations that fail audit will be repealed
• Federal Regulations Automatically Sunset Unless Congress Renews Them
• Institute Annual Regulatory Budget for Each Agency
• Create a Searchable Public Database with All Regulations Currently in Force

FIX SOCIAL SECURITY FOR ALL GENERATIONS OF AMERICANS

• Preserve Benefits for Current and Near-Term Social Security Beneficiaries
• Protect Social Security Trust Fund
• Allow Younger Workers to Invest In Personal Retirement Accounts
• Allow State Employees to Opt Out of Social Security
• Gradually Increase Full Retirement Age to Reflect Gains in Life Expectancy
• Use Price Growth to Index Benefits for Higher-Income Beneficiaries

FIX MEDICARE AND MEDICAID TO IMPROVE HEALTH CARE

• Reform Medicare to be Sustainable for the Long-Term
• Return Medicaid Responsibility to States to Increase Health Care Quality and Access

BALANCE THE BUDGET

• Cap Federal Spending at 18% of GDP and Balance the Budget by 2020
• Reduce Non-Defense Discretionary Spending by $100 Billion in the First Year
• Demand a Balanced Budget Amendment that Does Not Raise Taxes
• End Baseline Budgeting and Require Common-Sense Scoring Rules
• Reform the Budget Process
• • Institute Automatic Government Shutdown Protection
  • Give Annual Budget Resolution the Force of Law
  • No More Earmarks
  • Require Emergency Spending to be Spent Only on Emergencies o PAYGO for New Federal Programs
• Freeze Federal Civilian Hiring and Salaries Until the Budget is Balanced
• No More Bailouts

REPEAL JOB-KILLING FEDERAL LAWS

• Repeal Obamacare
• Repeal Onerous Sarbanes-Oxley Regulations on Small Businesses
• Repeal Dodd-Frank