I think the Cain plan is a good starting point for discussion about tax reform. but I do have big problems with it. Personally I much prefer a repeal of the 16th Amendment, and then a national sales tax.
If people want a national sales tax to be more “progressive,” then perhaps we could have a program where people under a certain income level can apply for a partial rebate. But if they want the rebate, they should have to fill out a financial statement to prove they qualify.
As for everybody else, April 15 just becomes another day. The government can stop collecting personal financial data from us, and people will no longer be forced to sign a government-required financial statement under penalty of perjury, which is itself a violation of the 5th amendment ( regardless of what some liberal court says.)
9-9-9 may sound OK under a conservative president and congress, but how many years will it be before a “progressive” president and congress make it 30-30-30?
I am definitely supporting Cain in the primary, but I think this 9-9-9 thing needs a lot of work under a conservative Republican congress before I would support it.
If people want a national sales tax to be more “progressive,” then perhaps we could have a program where people under a certain income level can apply for a partial rebate. But if they want the rebate, they should have to fill out a financial statement to prove they qualify.
9-9-9 may sound OK under a conservative president and congress, but how many years will it be before a “progressive” president and congress make it 30-30-30?
Lower income people will have to “fill out a financial statement to prove they qualify” for a rebate on a regressive sales tax? And who’s going to review these financial statements to make sure they’re legitimate? And how often will they have to be filed? Sounds like a job for a bunch of government bureaucrats. I thought the idea was to simplify things.