Cain understands this requires a repeal. He said that in MSM MSNBC. The amount of $$$$that will come in from those that work under the table and those that use every tax loophole will infuse a brand new sect if TAXPAYERS.
His plan is only on NEW products. New car equals tax. Used car equals no tax.
It’s just a flat-out bad idea to set up new mechanisms for Congress to tax people in more ways. In some sort of utopian scheme one could at least make an argument for it, but in the real world of how Congress works, it is providing one more workshop for the government devil.