Perry Says His Tax Plan Will Create Jobs

Wednesday, 26 Oct 2011 05:54 AM

By Hiram Reisner

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Texas Gov. Rick Perry says his tax plan will get people back to work and he doesn’t “really care about what the feds are going to lose,” since government spending is out of control. The presidential hopeful also told Fox News’ Bill O’Reilly Tuesday that while he acknowledges his poll numbers have slipped considerably since his peak, “this thing is a long way from being over with.”
 
“Well, I don’t really worry about what the feds are going to lose — what I’m worried about is getting people back to work in this country — because the fact of the matter is the spending problem is what we’ve got in this country,” Perry said. “I’m looking at a tax process that will allow people to keep more of their money because we know what happens when job creators get to keep more of their money . . . they have the confidence to go out and spend that money to create jobs that in turn create wealth.”

O’Reilly noted that if Perry was elected, he would be at a disadvantage when implementing his tax plan because of the skyrocketing federal debt. Perry countered cutting spending is a major component of solving the debt problem.

“Bill, I truly believe that you’ve got to grow your way out of this. Now, the bottom line is we’ve got to cut the spending,” Perry said, adding “You give people incentives: For instance, bringing back those over $1 trillion that’s offshore right now at 5.25 percent interest that will create $360 billion worth of economic activity in this country — that’s just some of the ideas that we’ve laid out here.

Perry said the problem with rival Herman Cain’s 9-9-9 plan is the state tax element.

“Well, we have a sales tax in a substantial number of the states. But I will tell you that Herman's problem with that is going to sell it to places that already have a sales tax or those that don’t have one,” Perry said. “I mean, I just don’t think that Americans trust Washington to give them another form of revenue coming in.

“Until there is a balanced budget amendment to the United States Constitution, which I call for in my plan, Americans aren't going to trust government coming up with a new source of money of which to get in their pockets,” he said.

O’Reilly then turned to Perry’s poll numbers, which have gone down considerably since he became front-runner after announcing his presidential run.

“Well, I think any time you have these races they are going to go up, they’re going to go down —  you’re going to have all kinds of movement on the races. So this thing is a long way from being over with,” Perry said. “And we’re just now laying out our — our economic plans. And as you know, Bill, what people care about is who is going to lay out a plan to actually get this country working.

“For 10 years we have created the most dynamic economy in America — a million jobs created in the state of Texas while this country was losing two-and-a-half million under this president,” he continued. “So people are starting to focus in on who is it that can actually get this country back working. And that’s the reason we laid out our — our tax plan.”

Turning to the immigration issue, and Perry’s past support of giving tuition assistance to children of illegal immigrants, the Texas governor said critics are ignoring the real issue.

“Here is the bigger — the bigger problem is the federal government has been a total and abject failure at securing our border. I know I’d have to be dealing with it here for the past 10 years,” Perry said. “We have not only required voter identification in Texas, I vetoed a driver’s license bill — I have been strong on the immigration issue.

“We had two choices, Bill: We could either kick these individuals to the curb and then pick up the cost of what it was going to be at that particular point in time because the federal government requires us to give them education, to give them the healthcare,” he said. “We made the decision in Texas — and this is a straight up state issue . . . and it passed; out of 181 votes, only four dissenting votes — that we wanted taxpayers, not tax wasters. And that’s the reason that Texas did this — and I realized this is a strict state-by-state issue and I respect other states as they make the decision.”

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