Perry Calls for Flat Tax

Steve Forbes addresses GOP candidate's plan


Texas Gov. Rick Perry is calling for a flat tax.

Perry told the Western Republican Leadership Conference on Wednesday that he'll unveil the tax as part of his broad plan to revive the economy and create jobs. He says he plans to outline his proposal in an economic speech next week.

Perry says Americans aren't looking for the 9-9-9 plan that's backed by Herman Cain, one of his presidential rivals. Perry says "flatter and fairer" would be a better policy. But like Cain, Perry says he wants to throw out the current tax code entirely.

Perry's speech is planned for Tuesday near Greenville, S.C.