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Debate: Herman Cain 9-9-9 tax proposal

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  • 9-9-9 is a regressive tax, burdening middle-class/poor. E.J. Dionne. "GOP's Favorite Solution: Doing Nothing." Real Clear Politics. October 13th, 2011: "Then there is Herman Cain’s 9-9-9 tax plan, the only policy proposal to get really serious attention at Tuesday’s encounter. The biggest flaw in Cain’s scheme barely got discussed. It is designed to shift the tax burden away from the wealthy and toward the middle class and the poor by cutting income, corporate, capital gains and estate taxes. It would then collect a lot of new money from a 9 percent federal sales tax, layered on top of existing sales taxes. Plutocracy, thy name is 9-9-9."



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