Jon Perr and Prof. Jeffrey Sachs already explained today why Rick Perry's flat tax is just a terrible idea. This Tuesday, The American Prospect's Robert Kuttner expressed some similar sentiments on the PBS Newshour, where they had him arguing with The Wall Street Journal's resident hack and flat tax fan, Stephen Moore.
As Kuttner explained, Perry's plan is nothing more than a tax cut for the affluent who are the ones now paying above the 20 percent rate and who of course are going to opt to pay the lower amount, that would nothing to create jobs or simplify the current tax code. Kuttner also went after Moore for doing nothing more than repeating "slogans" rather than actually addressing any of the points he made about the problems with Perry's plan.
As Kuttner also pointed out, Perry's plan would actually make our deficit problems worse, which would of course mean conservatives calling for cuts to Social Security and other government programs that help the working class.
Full transcript below the fold.