Cain’s Half-Baked Plan Will Hurt Republicans
Cain’s plan is half-baked and will hurt Republicans. As recently as last year Cain railed at similar plans by Democrats. Now he champions one. No matter how he shuffles around the taxes—payroll and income vs. a national sales tax, who’s going to ever accept nearly 20% federal, state, and local tax at the cash register?
Consider too that he won’t even admit (like at the debate) the cumulative effect of the taxes upon people’s pocketbook every time they go shopping. His response was incredulous, he didn’t care about state taxes, wouldn’t let them be a part of the discussion.
On top of this, working Americans will still have payroll taxes to pay. And, as even Cain previously observed, all these sources of taxes will inevitably go up. Why does Cain now think he can break that cycle? Cain’s defense? He’s now trying out deductions and exemptions to make it more palatable but this doesn’t change the fact that he hasn’t thought through, doesn’t have a real plan.
In the end this is all just a campaign gimmick. One that will be deemed a crazy idea and laid at the foot of the Republican party. Obama and the Democrats will beat Republicans up for wanting to raise taxes by 9% on the working poor while cutting taxes on the rich.
Regarding: Cain’s Plan: It’s Now