“Cut, Balance and Grow”

Texas topper unveils his economic plan in Gray Court, SC.

Plan highlights include:
— Optional flat tax of 20%
— Preservation of home mortgage/charitable deductions for households under $500k
— Ending corporate tax loopholes and lowering the corporate tax rate to 20%

Read the transcript of Perry's speech here.

At afternoon presser in Columbia, SC, Perry declines to say where he would find the necessary savings to reach his spending goals.

Also sidesteps question about Steve Forbes’ political experience pushing a flat tax: "There's a lot that's changed since 1996."