After the cut: A transcript of Mr. Perry's remarks.
RICK PERRY: And uh, it, it's pretty simple, actually, uh. Or you can stay in the old system that's out there. And then Senator, you know, the ones that want to stay in the old system, pay the lawyers, pay the accountants, all that money's that gone, or....that! 20% flat tax, put it on there, take your deductions off, send it in. Even Tim Geithner can get his taxes in on time with this, I'm tellin' ya. He can. You think about it, you know we spend a half a trillion dollars a year in tax preparation. I mean, you know, any tax lawyers or accountants out there, I'm sorry dude, but that's too much money. A half a trillion dollars. And my plan is really pretty simple, it does deductions for the mortgage, deduction for charitable. Yeah. You keep that in there. And uh, your state and local taxes are in there, you can put those on, $12,500 for every, uh, dependent that you have, you know, it's pretty easy math. Subtract and send it in! It's awesome. WHY NOT???!