LAS VEGAS – Working to distinguish himself from rival Mitt Romney, Texas Gov. Rick Perry said Wednesday that he wants to scrap America’s current tax laws and impose a flat tax.
Perry told the Western Republican Leadership Conference he plans to explain the tax proposal when he unveils his broad economic plan next week.
He called the plan “an economic growth package that will create jobs, create growth and create investor confidence in America again.”
“It starts with scrapping the three million words of the current tax code, and starting over with something much simpler: a flat tax,” Perry said.
Perry’s proposal is dramatically different from Romney’s tax plan. Romney would lower the corporate tax rate and lower taxes on savings and investment income. He says his long-term goal is to “pursue a flatter, fairer, simpler structure.”
A flat tax applies the same tax rate to income at every level.
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