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