Point me to the last Presidential candidate who WON the White House running on a platform of increasing taxes on seniors, average families, “the poor”, small businesses, etc. And consider that Obama will likely be running on his tax plan of increasing taxes on millionaires.
The 9-9-9 will reduce overall taxes.
When a Corporation is forced to pay taxes on production, the cost of the taxes is part of the wholesale price of the product. Therefore as much as 35% of new retail prices is based on corporate income taxes passed on to the consumer. You pay corporate taxes when you purchase new goods and services, its just hidden. Therefore retail prices will drop as much as 26% with the removed corporate income taxes. The additional 9% sales will then be added on top, with an overall saving of 17%. Therefore “Seniors”, the “Poor” and and everyone else will actually have more money in their bank accounts. And that’s not including the removal of SS and Fica payroll taxes. It’s a Win for everyone, not to mention it will may America COMPETITIVE for BUSINESS with the rest of the world. It will bring back many of the jobs EXPORTED due to high taxes to China, India, Pakistan etc...