Cain's Tax Plan Would Help the Rich, Hurt the Poor
The non-partisan Tax Policy Center has analyzed Herman Cain's 9-9-9 tax proposal. Business Week reports on the findings:
Republican presidential candidate Herman Cain’s 9-9-9 plan would lead to higher tax bills for lower- and middle-income Americans while most high earners would pay less tax than they do now, according to a new analysis.
The 9-9-9 plan would translate into a tax cut for almost 95 percent of Americans with cash income exceeding $1 million, according to the analysis released today by the nonpartisan Tax Policy Center in Washington.
|< If OWS Is So Incoherent, Why Is Eric Cantor Talking About Income Inequality? | Republican Debate: Anyone Watching? >|