Neil Cavuto spoke to Ross Perot, Jr. yesterday on Your World about his father’s endorsement of Mitt Romney. Cavuto asked, “Part of the debt commission calls for some revenue enhancements, taxes for want of a better word. How do you feel about that?”
Perot said, “You don’t want a tax increase, you want tax reform. You want more revenue through tax reform. You want to lower the rates, get rid of the deductions, and have more revenue, and as you grow, you’ll have great revenue, but don’t remove those barriers in front of business… You raise the rates, you’ll distort our behavior, you will not generate the revenue we need, you will not generate the jobs… You do not want a tax increase, you want a revenue increase through lowering taxes, broaden the base.”
Politifact completely strikes down the claim of higher taxes lowering revenues.
But Cavuto merely said, “Looks good on paper.”
Ross Perot Jr’s Dallas-based investment firm, Hillwood Development, is one early buyer of land now cashing in on its bet thanks to signs of a revival in housing markets in Nevada, California, Texas and Florida. During the recession, Hillwood bought shovel-ready land from cash strapped home builders.
In one instance, the firm purchased a portfolio of 8,700 undeveloped home lots in 2008, which has on average tripled in value.