I think the problem is that it Adds a sales tax to state sales taxes which would kill people who are no longer working and don’t see the benefit of Mr Cains other lowered taxes.
Only on NEW items. If you’re on a strict budget, like I am, buy used, as I do.
Garage sales, flea markets, antique shops, used cars, secondhand stores, Salvation Army, etc.
There would be NO taxes on these items.
P.S.......just a side note. Spoke with the Salvation Army here on Long Island yesterday. They are over run with flat screen tv’s.
If you can’t afford a new one, look into your nearest Salvation Army.
I am so depressed. I hate Romney. He’s a flip-flopping hypocrit with no soul and a total Wall Street boy.
I really like Cain, but I hate his 9-9-9 plan. See http://taxpolicycenter.org/numbers/displayatab.cfm?Docid=3220&DocTypeID=2 . The tax policy center, which is not partisan, says it will increase everyone’s taxes except the top 20%. So people in the lowest quartile, whose average income is $14,000/year, end up paying $1659 more in taxes, while those in the top 20%, pay $23,522 less. The top 0.1% pays $1,690,000 less.
This is the hard truth that no Republican will deal with. The top 1% have such a large share of income and wealth, that this nation is collapsing under them. That just sounds so socialist and hippy and 99%er that we can’t deal with it. But not dealing with it will lead to America’s collapse into latin-America like failure.
We America’s conservatives have to address this, otherwise one of two things will happen. The Dems will win in 2012 on the backs of rich-envy, and we will see some real socialist wealth distribution; or we will win in 2012, and we will create more rich-envy as we further impoverish the middle class with more tax breaks for the top 1%.
We need a conservative solution to the weakening of America’s working people. And no, the solution is not just to blame Obama or cut taxes or cut spending to the poor or cut spending to retirees while give, give, giving to the rich and letting them run roughshod over us (including outsourcing all jobs and cancelling all pensions).
We need to go back to our roots of fiscal responsibility, and Eisenhower-like realism. We need an Eisenhower. We need someone willing to stand up against the military-industrial complex. We need someone to stand up against Wall Street and bankers. We need to return to the Bible that tells us greed is a sin. We need to recover our souls from Mammon. We need to get back to single-worker families with kids who get to be raised by moms.