Set the income tax rate at 9% and add a 9% national sales tax is something the Congress can do. And later it can raise both rates, which it will do. If you do not know that, you know nothing about the politicians in Washington, DC.
The biggest obstacle with that is raising taxes on 100% of the consumers may get tough. His plan pits consumers against Washington.
In 1964 the top tax rate was 91%. That was under the current tax system. What's to stop congress from raising it to 91% again?
No matter what system we have, congress can raise the tax rates.
Advance,
By your logic any plan will fail (short of an unlikely constitutional amendment) because the Dems can just raise the rates.
However, Cain’s plan has the advantage of everyone having some skin in the game. I am frankly tired of being a producer for all the entitled users who suck at the government teat.
“Set the income tax rate at 9% and add a 9% national sales tax is something the Congress can do. And later it can raise both rates, which it will do.”
BING BING BING - We have a winner!!!