For those who still think 9-9-9 is a Godfather’s Pizza deal, the 9-9-9 plan would get rid of almost all current taxes and replace them with a 9% income tax, a 9% corporate tax and a 9% national sales tax.
CNN Money writes, “As you may have heard, Republican presidential candidate Herman Cain has a tax proposal he calls the “9-9-9 plan.” He talks about it … a lot. And he has generated a lot of attention for it.” While Cain argues his plan sets up a Fair Tax, CNN questions if it’s a tax break for the rich.
Well Cain and CNN aren’t the only ones talking about the 9-9-9 tax plan.
The Huffington Post says “Mr. Cain is to be commended for trying to drastically reform the tax code, but his plan presents an unending list of problems.” Among the issues cited is a “misleading business tax”, incorrect “revenue estimates”, a “whittling away at the base” and “making the poor pay.”
In an OpEd for the Washington Post about Cain’s appearance on Meet the Press, Jonathan Capehart goes as far to call Cain’s 9-9-9 plan nonsensical. He continues about Cain’s interview and the 9-9-9 tax plan,
“Where Cain showed himself to be blindly “stupid” was in his defense of his “9-9-9” plan. Folks on the left, the right and those with no partisan ax to grind have clobbered Cain’s tax plan. The Post Fact Checker gave it three Pinocchios because “the plan he touts as a big tax cut would actually increase taxes on most Americans.”
Despite all the critiques, CNN has just released a poll showing Cain and Romney tied as for the lead in the race for the GOP nomination, with Rick Perry dropping to a distant third:
“Twenty-six percent say they are likely to support Romney, the former Massachusetts governor who’s making his second bid for the White House, with Cain, the former Godfather’s Pizza CEO and radio talk show host, at 25%. Romney’s one point margin is well within the poll’s sampling error. Cain has seen his support nearly triple, from 9% in September to 25%, while Romney’s edged up four points.
According to the poll, Texas Gov. Rick Perry’s at 13%. Perry quickly surged to the top of the national polls after he launched his campaign on August 13. But thanks to an uneven debate performance in late September, a distant showing at a much watched straw poll in Florida two days later, and constant attacks on his stance on illegal immigration and Social Security by the other candidates, Perry has faded in the polls. His strength has been cut in half since September in CNN polling.”