3 votes

MSBNC - Cain's 9-9-9 tax plan is simple: most will simply pay more

Cain's 9-9-9 tax plan is simple: most will simply pay more

“The poor would pay more while the rich would have their taxes cut, with no guarantee that economic growth will increase and good reason to believe that the budget deficit will increase” Bartlett recently wrote in the New York Times. “Even allowing for the poorly thought through promises routinely made on the campaign trail, Mr. Cain’s tax plan stands out as exceptionally ill conceived.

http://bottomline.msnbc.msn.com/_news/2011/10/13/8304334-cai...

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Cain will

not be the president anyway, but if a 9-9-9 plan was ever put into effect, it would be 25-25-25 before it ever passed.