What stops the Congress from raising income tax rates to 75% tomorrow? The same thing that would prevent screwing with the rates of 999?
Cain’s plan ELIMINATES the death and payroll and excise and capital gains and the double taxation on dividends in EXCHANGE for a sales tax.
You’re worried about those eliminated taxes being resurrected. Sure it could happen. Just like tomorrow the Congress could pass a homeowners excise tax and a renters tax and a carbon footprint tax and mileage tax and a new chinese goods tariff and a luxury tax and a square footage tax and anything else you can imagine.
They don’t because they’d be tossed out of office. And with 999, the fed tax base is greatly broadened. So raising any of the remaining three components will get severe blowback, instead of class warfare.
Maybe you prefer some idiot’s 59 point plan that is 5 times the size of the US constitution?
“Cain’s plan ELIMINATES the death and payroll and excise and capital gains and the double taxation on dividends ...”
Again if he does not hold out for a constitutional amendment, he is eliminating NOTHING. He is lowering rates to zero. Those rates could tomorrow be raised to whatever. Thus the tax is not eliminated.
Again the key issue is do you want to follow the Obama/European model of government spending with the Cain/European model of taxation. Apparently you do. I don’t. I favor a national consumption tax of some kind only when the income tax amendment is repealed with an explicit constitutional ban on an income tax. Cain did to at one point, but apparently he gave that up?