It looks to me like many
well-off Americans would get a tax cut under the plan. Many
less-well-off Americans would not.
Per the chart we've reviewed, for instance, three in four
taxpayers in the lowest quintile of earnings would not get a
tax cut. Fifty-five percent of households in the next-highest
quintile would not get a cut.
Perry told Cavuto that no matter where you are, you are going
to be getting a tax cut. That's not correct, far as I can
tell.
Anything incorrect here?
...
Thanks.
wgs
W. Gardner Selby
Editor, PolitiFact Texas
Austin American-Statesman
On 11/1/2011 2:41 PM, Catherine Frazier wrote:
... As the governor said in his speech announcing the
plan and as we've said consistently, americans across
every income group will see a tax cut – all americans will
be better off under the governor's new plan.
From: Gardner Selby <
wgselby@statesman.com>
Date: Tue, 1 Nov 2011 15:36:03 -0400
To: Catherine Frazier
Subject: Re: PolitiFact Texas Follow-Up
But not every taxpayer, right? The last chart I
sent does compare to current law. At least that's what
it says at the top. I also checked this with Roberton
Williams at the center.
W. Gardner Selby
Editor, PolitiFact Texas
Austin American-Statesman
On 11/1/2011 2:33 PM, Catherine Frazier wrote:
Hey Gardner, also both charts you sent are just
looking at the current policy numbers, not current
law numbers.
Looking at current law numbers, Americans in
every tax group pay less. Also, the current policy
numbers ignore compliance cost savings entirely —
it assumes that Americans will keep spending $483
billion each year trying to comply with the tax
code, which under the governor's plan, they won't
have to.
From: Gardner Selby <
wgselby@statesman.com>
Date: Tue, 1 Nov 2011 13:44:22
-0400
To: Catherine Frazier
Subject: Re: FW: PolitiFact Texas
Follow-Up
OK.
Gov. Perry told Cavuto that everyone would get
a tax cut. That doesn't appear to be so, per
the chart comparing his plan to current law:
http://taxpolicycenter.org/numbers/displayatab.cfm?Docid=3224&DocTypeID=2
...
wgs
W. Gardner Selby
Editor, PolitiFact Texas
Austin American-Statesman
Visit our site: www.politifacttexas.com
We're also on Facebook and Twitter and so am I as twitter.com/gardnerselby
512-445-3644
On 11/1/2011 12:00 PM, Catherine Frazier
wrote:
Hey Gardner - you are looking at
numbers from only one side of the report
that looked at the plan assuming that
current policy stays the same. The center
also ran numbers comparing the plan to
current law, which are the numbers we
used. We are operating under reality, not
making assumptions of what may or may not
happen in the future. When compared to
current law, Americans of all income
groups are better off under the
governor's tax plan. By implementing a 20
percent flat tax rate, we will free the
private sector's capital to invest and
create jobs, which is the first step to
getting our economy back on a path to
prosperity and giving Americans the
freedom and opportunity to thrive. It will
also reduce the hundreds of billions of
dollars that Americans spend to comply
with the current tax code.
If you need anything else, let me know,
thanks!
Deputy Press Secretary
Perry Campaign for President