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Chris Wallace Smacks Rick Santorum On Flat Tax Myth That Helps The Rich

Fox News host Chris Wallace easily destroyed Rick Santorum's flat tax scam on Fox News Sunday.
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It's hard to try and pass yourself off as the true champion of the working class in America if your fiscal policies are pro-rich. And anyone who proposes the fraudulent flat tax scheme as a way to fix our economy is more charlatan than candidate. That's Rick Santorum's problem in the nutshell. Everyone knows he's a die hard religious Conservative to his core, but in his attempts to separate himself from his right wing fellows, he's acting like the emperor trying to dress up in new clothes. (Robert Reich has a nice take down of the flat tax con job here)

Chris Wallace takes apart Santorum's plans and disses her bogus defense for his flat tax scheme pretty easily.

WALLACE: You wanted only two income tax rates, 10 percent and 28 percent. Tax capital gains at 12 percent. And corporate taxes at 17.5 percent.

Here's the problem: the Tax Policy Center said the middle class, on average, would save $4,000, while the top 1 percent taxpayer would save, on average, almost $350,000. And you would cut federal revenues by 40 percent.

Question: how do you pass, create, impose a flat tax that, one, isn't going to gut the federal treasury, that's going to raise enough money, and, two, isn't going to be a bonanza for the top 1 percent?

SANTORUM: Well, first off, those numbers are based on a static model. That means that nothing is going to change in the economy if you create all sorts of incentives for people to grow the economy and for people to work with lower tax rates. And I just reject that. I mean, that's just a flat earth way of looking at economic growth.

One of the things I believe in is that you --

Here's a tip, Rick. Just saying you reject something doesn't mean it's so.

WALLACE: But if you lower the tax rate, as much as you are for the top, they're going to do a lot better than the middle class because they’re getting a bigger reduction.

SANTORUM: The whole idea is to treat everybody fairly. That’s the reason we’re looking at a flat tax. We'll have provisions in there that make sure that lower and middle income Americans are not going to pay more taxes -- in fact, pay less taxes.


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The bottom line is, we have to create growth. You want to reduce the deficit. You want to grow -- you know, you want to grow jobs in America, then you have to do something to create jobs. And that means economic growth. And that’s -- means you create incentives for people who grow the economy.

So, yes, I am -- that's why I said that the Republican message is a good message on growth, cutting taxes, supply side economics, but we have to make sure we orient that growth in areas where people who are suffering in America today, manufacturing, energy, construction, those types of jobs that create opportunities for good-paying jobs for working men and women, that those jobs are created here in America.

The canard that he wants to treat everybody fairly is also another typical conservative rouse to support the flat tax. If Santorum truly wants to help the working class in this country - he needs to supports policies that help those workers and not ones that favor the 1%.

It really is that simple, but little Rickie is running as a Republican and he can never abandon the rich elites. The rich don't need tax cutting incentives to create jobs because the billions they make off their backs is incentive enough.

With the economy rebounding like it has, it's hard to try and promote a bogus plan like the flat tax, but that won't stop Santorum or others that will use this horrible plan because they know they can spin it like a yoyo.

Chris Wallace did a good job of trying to expose the flat tax for what it is.

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