Herman Cain’s 9-9-9 Plan
On the face of it, Heman Cain’s 9-9-9 tax plan to reorganize federal finances on a three-legged stool, with 9 percent personal income tax, 9 percent corporate income tax, and 9 percent national sales tax sounds like a winner. Remove all the complicated exemptions and deductions and let’s get real! But the obvious question is: who benefits? On the face of it, the rich. Surely they will benefit if high income tax rates and corporate income tax rates come down.Read More
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