Perry embraces need for tax reform during Bedford speech As originally appearing in The Nashua Telegraph
By KEVIN LANDRIGAN Staff Writer
BEDFORD – Republican presidential candidate Rick Perry took off against corporations paying low taxes and a lack of transparency at the Federal Reserve during his first speech to the Politics and Eggs forum today.
Perry said in Iowa Monday that it would be “treasonous” for the Federal Reserve to print more money during the 2012 presidential campaign.
The Texas governor fired back at President Barack Obama who said new candidates learn they must be careful what they say on the campaign trail.
“Mr. President, actions speak louder than words. My actions are creating jobs in this country; the president’s actions are killing jobs in this country,” Perry declared in his opening remarks.
The candidate backed rigorous federal auditing of the Federal Reserve.
In response to another question, Perry criticized the current federal tax code that allows multinational corporations like General Election to pay low taxes.
“I can’t explain that. That’s as easy as it gets,” Perry began when asked about GE.
“The idea because you have a good relationship with the political world in Washington, D.C. and just because you get chosen to be on the governor’s business council is not a good enough reason for you not to pay your fair share of taxes.”
Perry embraced the concept of tax reform but was fuzzy on the details.
“We need to go in and look at our taxes,” Perry said. “We need to simplify it, lower the impact on people.”
Perry called for slashing the corporate income tax on firms with offshore profits to encourage them to pay U.S. taxes if the money is dedicated to creating private job investment in the United States.
“Why not talk about how you are going to repatriate those dollars at a substantially lower rate than 35 percent,”
Perry said referring of the corporate tax rate.
“If it’s going for job creation, like zero (percent) to get this economy going.”
Perry had said it was a mistake in 2007 for him to sign an executive order four years ago that forced young girls children to have a vaccine against a sexually transmitted virus that can lead to cervical cancer.
But Perry defended signing a law the same year that makes young adults be vaccinated against meningitis.
“The idea that we’ve got diseases that are killing our children and we have proven vaccines like the one for meningitis and we are not making it available, I think is unconscionable.”
Perry tours a Nashua company and engages in a roundtable talk with local business leaders later today.