US new tax proposal by Rick Perry

Rick Perry, republican Governor of Texas who aim for US president, proposed a new tax plan for US. According to his plan, the tax rate will be flat, everyone pays 20%. Most people have doubt on it because the middle class could be affected, and the rich people will definitely benefit from it; rich people can save up to 15%. This new tax plan requires a huge cut on US' budget, will it be realizable? "pledged to not cut any benefits of current Social Security retirees or those about to tap into the system. But to do that, and cut the budget to 18 percent of G.D.P., would mean cutting at least one third of the remaining federal budget, said James Horney, the vice president for federal fiscal policy at the Center on Budget and Policy Priorities, a liberal research group in Washington." (New York Times) Everyone knows that US' debt is so much that we can make a mountain higher than Everest. At this difficult period of time, the treat of economic crisis, of the terrorist attack, and of the huge debt, the plan is unlikely to be possible.

Ref:
http://www.nytimes.com/2011/10/26/us/politics/perry-plan-would-grant-big-tax-break-to-wealthiest.html