Tuesday, October 18, 2011

I Did the Math, Herman Cain's 9-9-9 Plan Would Cut My Taxes 25%

It's the Republican debate in Las Vegas. The Republican field from Romney to Santorum went all in against Herman Cain's 9-9-9 tax plan.

Herman Cain challenged viewers to do the math themselves. For something to do while they continued to debate, I got out my 2010 tax returns. Herman Cain's 9-9-9 plan would cut my federal taxes 25%. I crunched the numbers math a step further; I would save money even if the rates were 12-12-12 (I should keep that fact to myself).

The rest of the Republican field just went bust on 9-9-9. They all better hope that twhat happens in Vegas and stays in Vegas.

OK, 9-9-9 is a big, bold idea. But when was America afraid of big and bold ideas? I've had my doubts and the devil may be in the details, but any candidate who dismisses 9-9-9 as a stealth tax increase doesn't know what they are talking about.

No comments: