(By Rachel Weiner, The Washington Post) - Texas Gov. Rick Perry (R) defended his flat tax plan on Fox News Sunday, pushing back on questions from host Chris Wallace about the proposal’s economic consequences.
“There’s nothing wrong with lower revenue,” the presidential candidate said of his flat tax’s lower returns. “I don’t want more revenue in Washington D.C.’s hands.”
Perry argued that under his plan, the dynamic economic growth spurred by his tax cuts would more than offset the lower revenue, leading to a balanced budget by 2020. (The Perry campaign has deflected questions on its growth projections, which are far above the Congressional Budget Office baseline.)