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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  • by Jane on Oct 27, 2011 at 04:05 AM
    Trickle-down economics is a proven failure. Can anyone cite an example where it actually worked, and the wealth trickled down? No. This is just more propaganda from the right from those who are already rich for those toadies who think someday they might be.
  • by Jason on Oct 26, 2011 at 10:18 PM
    Sounds like a typical AP story. "Trickle Down" economics DOES work when the government leaves everybody alone. I've never gotten a job from a poor person, have you?
    • reply
      by Gerry on Oct 27, 2011 at 04:38 AM in reply to Jason
      There's no data in your post, just ideology. If you work for government, you didn't get your job from a rich person. If you are self-employed, you didn't get your job from a rich person. If you work for a large corporation, you most likely were hired by some mid-level manager, hardly a rich person. If you work for an enterprise with more than a handful of employees, somebody nearer the top has usually delegated the hiring process to somebody lower down.
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