Corporations current tax rate is up to 35%. As a result, 22% of every item you buy is embedded tax.
Under Cain’s plan corporations tax rate goes down to 9%. This will drive down the cost of embedded taxes.
Price of wheat goes up, the price of bread goes up.
price of wheat goes down, the price of bread stays up
this is a very old saying
2 things
Herman is nutz if the thinks CONgress will give up the power they hold ie- the power to buy and sell favors thru tax law.
Herman assumes that prices will go down if taxes go down.
He hopes big.
If I had to chose a candidate today it woud be
None of the above.....
good luck to Herman and all, but he is just too much a lightweight to be a player.