"The Most Exciting Tax Plan Since Reagan's": Right-Wing Media Tout Perry's Flat Tax

October 26, 2011 2:01 am ET — 31 Comments

Following the release of Republican presidential candidate Rick Perry's (TX) tax plan, conservative media have hyped the plan, claiming it is "exciting" and a "radical improvement" over the current system. However, economists from across the spectrum have criticized Perry's plan, noting that it will lead to "substantial" revenue loss and "draconian cuts" while "undermin[ing]" the need to make the tax code simpler.READ MORE