“The economy is on life support, and you have some cities and some communities where it’s not even on life support,” Cain said. “They’ve disconnected the tubing and they’re dying. How about Detroit? Because 9-9-9 is so simple, we can create empowerment zone incentives for whole cities in a way that you couldn’t do with the existing tax code. You’d have to go through too much work to figure out how you’d do it.”
Because such an empowerment zone would cut taxes on business revenue, individual income and consumer spending, Cain is convinced it would provide a major economic boost to cities like Detroit.
Thanks! And for covering for Beagle8U lol.
It appears to me he’s saying that the taxes for Detroit and other cities are so high that it’s making them die. That the current tax system is too difficult and encumbers big cities despite the fact they have options available, it’s just that no one can figure them out!
Used to work as a tax analyst, quit that because the tax system was too taxing for my brain. Had to prepare tax schedules for 43 different states and each one had different rules. And I do remember that I had to have an additional tax schedule for Massechusetts for their health care, didn’t know at the time why.