Answer: Nothing
Aside from that, Congress will NEVER repeal a single tax. Ever. Never have. Never will.
We'll just wind up with a national sales tax on top of the income tax.
Repeal the income tax first, and we can talk.
Which is an absurd complaint.
Congress can simply raise the existing tax rates any time they want. Changing over to a more broad based tax in exchange for eliminating all the current corrupt gimmicks, loopholes and double taxation in the current code is something any thinking Conservative should before.
This “new tax” attack line is a total lie. There is no new tax, there is simply a replacement for existing taxes
Well, if they implement Cain’s plan they have to repeal taxes in doing so: the Social Security and Medicare payroll taxes and the estate tax all get repealed. Actually, the way Cain is selling it, that the only Federal taxes will be the 9% each individual income, corporate income and retail sales taxes, they’d have to repeal the Federal excise tax on gasoline and over-the-road diesel (and any other excise taxes I’m not familiar with) if they really implement what he’s telling us his plan is.