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9-9-9 developed by Stephen Moore?

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dkf Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-20-11 02:44 AM
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9-9-9 developed by Stephen Moore?
Architect of Cain’s 9-9-9 plan wants him to drop national sales tax
By Jonathan Easley - 10/18/11 02:55 PM ET
One of the architects of Herman Cain’s 9-9-9 tax plan, economist Stephen Moore, said the contender for the GOP presidential nomination needs to drop his proposed 9 percent national sales tax.

Cain’s plan would replace the current tax structure with a 9 percent corporate tax rate, a 9 percent personal income tax rate and a 9 percent federal sales tax. But speaking Saturday on Larry Kudlow’s radio show, Moore said the sales tax should be replaced with a 9 percent payroll tax.


“I’ve come to the conclusion that the American people and the voters do not want a national sales tax,” he said. “ going to have to replace that national sales tax with a 9 percent payroll tax. And if you do that, it’s a total winner.”

The plan has been under fire from both the left and the right since Cain’s recent surge in the polls. Democrats say the plan would lower the tax burden on the wealthy while increasing the burden on the middle class, and Republicans say the sales tax opens an additional revenue stream for the federal government to abuse.

http://thehill.com/blogs/blog-briefing-room/news/188245-architect-of-cains-9-9-9-plan-says-he-should-drop-the-sales-tax
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sk2020 Donating Member (18 posts) Send PM | Profile | Ignore Thu Oct-20-11 04:50 AM
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1. No, he stole it from Will Right.
Apparently Cain has been playing too much Sim City.

When you start a new game in SimCity 4 you pay a 9% commercial tax rate, 9% residential tax rate, and a 9% industrial tax rate.

http://www.buzzfeed.com/fjelstud/herman-cain-stole-his-9-9-9-plan-from-simcity
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