Washington, D.C. (AP) - The flat tax is making a comeback among
Republican presidential candidates, but it would face tough
opposition in Congress. It tends to favor the rich at the expense
of the rest of taxpayers, renewing an old debate about
Most of the top GOP contenders -- Mitt Romney's an exception --
offer a variation of the tax plan in which everyone pays the same
rate. Businessman Herman Cain has his 9-9-9 tax proposal, and Texas Gov. Rick Perry unveiled a 20 percent flat tax on income this week.
The idea of a flat tax has long been championed by conservative
politicians as being simple and fair. Liberals and many moderates
contend a flat tax is a giveaway to the rich.
(Copyright 2011 by The Associated Press. All Rights Reserved.)
Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or email@example.com.