Rick Perry: 'Even Timothy Geithner Could Get His Taxes In On Time' Under My Plan
Republican presidential candidate Rick Perry took a shot at President Obama's Treasury Secretary during Monday's debate in South Carolina.
Discussing his income tax plan, the Texas governor said, "Even Timothy Geithner could get his taxes in on time with that type of a system” (video follows with transcript):
RICK PERRY: The first thing we need to do in this country is cut the tax rate down to where the people feel confident that they can risk their capital and have a return on their investment. That’s the reason I laid out a simple and flat tax of 20 percent with their home mortgage deduction and charitable expenses and local taxes. Get rid of capital gains taxes, get rid of the benefits tax, get rid of the tax on Social Security benefits, and then take 20 percent of that and mail your check in. I mean, even Timothy Geithner could get his taxes in on time with that type of a system.