Cain's 9-9-9 plan sounds like Obama's Yes-We-Can. By this I mean, it would be sweet to the mouth but bitter to the belly. The slogan lulls the unsuspecting electorate to sleep with its simplicity. However, the tax code is not an issue for simpletons. Moreover, giving the federal government an additional revenue stream, which it could raise is a very dangerous.
Cain says he would veto any bill that increases any individual 9% tax when he is president. Someone rightly asked if Cain would be president forever. Cain further said that he would insist that any move to increase the tax be done with a super majority in the Senate or whatever. Cain should know that Congress has a poor approval rating for a reason: rational distrust by the electorate.
The CS Monitor has a telling article entitled: Herman Cain 9-9-9 sticker shock? 18% sales tax possible in some states.
I believe 9-9-9 is a trojan horse for big government. Surely, such a tax plan would reduce effective demand in many states.
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