Cain's Tax Plan Would Help the Rich, Hurt the Poor
The non-partisan Tax Policy Center has analyzed Herman Cain's 9-9-9 tax proposal. Business Week reports on the findings:
Republican presidential candidate Herman Cain’s 9-9-9 plan would lead to higher tax bills for lower- and middle-income Americans while most high earners would pay less tax than they do now, according to a new analysis.
The 9-9-9 plan would translate into a tax cut for almost 95 percent of Americans with cash income exceeding $1 million, according to the analysis released today by the nonpartisan Tax Policy Center in Washington.
The Associated Press has more. If you want to crunch the numbers yourself, here is the Tax Policy Center's analysis and charts.
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