Governor Rick Perry today made two major moves that he hopes will strengthen his campaign and help put him back into front-runner status. First, he announced today more details on his long-awaited tax plan. Second, he has added several senior advisors to his campaign personnel.
Perry’s campaign communicated a few days ago that he was going to propose a flat tax and today, in an article for the Wall Street Journal, he provided some more details promising to roll out the entire plan next week. In his plan which he calls the “Cut, Cap, and Grow” plan, Perry proposes a 20% flat tax for individuals. The plan “preserves mortgage interest, charitable and state and local tax exemptions for families earning less than $500,000 annually, and it increases the standard deduction to $12,500 for individuals and dependents.” His plan would also reduce the corporate tax rate to 20% and “encourage the swift repatriation of some of the $1.4 trillion estimated to be parked overseas by temporarily lowering the rate to 5.25%.” He also would “transition to a ‘territorial tax system’ – as seen in Hong Kong and France, for example – that only taxes in-country income.” Perry’s plan additionally removes taxes on Social Security benefits, eliminates the tax on qualified dividends and long-term capital gains, and ends the death tax. Read more about his tax plan here.
Also, news surfaced today that Perry’s campaign will have some major shake-ups. “Joe Allbaugh, who ran George W. Bush’s 2000 campaign, will become a ‘senior adviser’ to Perry.” Six other “nationally-known” consultants are also joining the campaign: “Tony Fabrizio, a pollster and former strategist for 1996 GOP nominee Bob Dole, and Fred Maas, who has worked on the campaigns of Dole, John McCain and others, will also take ‘senior advisor’ titles,..Stanton Anderson, who has managed Republican conventions and served as counsel to the Reagan Bush campaign in 1980, will become the Perry campaign’s congressional liason…Also joining the campaign are Curt Anderson, a former strategist for Steve Forges and the Republican National Committee; Jim Innocenzi, founding partner of Sandler-Innocenzi, a GOP television advertising firm; and Nelson Warfield, who served in the Reagan White House and served as Dole’s national press secretary in 1996.” Read more on this here.
Perry’s campaign has come under fire over the past few weeks as he has slipped in the polls. Many observers have noted the lack of national experience of his staff. So, this may be the needed boost that supporters have been looking for.