GRAY COURT, S.C. (AP) — Republican presidential candidate Rick Perry is rolling out an economic plan that includes a flat tax proposal, private retirement accounts for Social Security and a lower corporate tax rate.
The Texas governor on Tuesday was outlining a proposal he calls "Cut, Balance and Grow" that is aimed at creating jobs and fixing the struggling economy, voters' top concerns heading into the 2012 election. Perry's plan sets a flat 20 percent income tax rate, but also gives taxpayers the option of sticking with their current rate.
He would maintain popular deductions for families making less than $500,000 a year, and eliminate taxes on Social Security benefits.
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