Contact FreedomWorks

400 North Capitol Street, NW
Suite 765
Washington, DC 20001

  • Toll Free 1.888.564.6273
  • Local 202.783.3870

Blog

Dean Clancy on last night's debate and Herman Cain's 9-9-9 plan.

In light of the heavy focus on Herman Cain's 9-9-9 plan on the GOP Presidential Debate stage in Las Vegas last night, Dean Clancy once again dives in. The review is mixed.

What do you guys think? 

3 comments
Jason
10/20/2011

It seems like this analysis and many others don't mention the impact of reducing 'embedded' taxes and compliance costs. I've read that those are in the ~16%-22% range (if memory serves) depending on the product or service. Doesn't that reduce the impact on lower income earners? Basically we/they are paying it now - but we just don't know it! Ignorance is bliss... :)

christian kowalski
10/20/2011

from all candidates so far i'd go with Cain-even if there is a possible "danger" regarding VAT tax,maybe also Gingrich.

Maxine Saitta
10/20/2011

How come you don't mention the retired people who would be hit with a 9% tax on their retirement pensions?

According to 999, the only deduction would be for charity.

On the long form; Cain would eliminate deductions for medical, mortgage interest, and real estate taxes

On the short form; we would not get any standard deductions and no double deductions for being over 65.

I did the math, my income taxes would go up an additional $1400.00 on a pension of $20,000.

You call that a modest increase????