Flat Tax Renews Fight on 'Trickle-down Economics'

By: Stephen Ohlemacher, Associated Press
By: Stephen Ohlemacher, Associated Press

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
"trickle-down economics."

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.)

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