Herman Cain's 9-9-9 Plan Seizes Debate Spotlight

[PiKA2001]

Originally Posted by DrPhil

To make sure I understand, the 9% Federal sales tax would be added to the 8% state sales tax in TX?

The 9% would be added on top of whatever local sales taxes that are already in place.

Cain sparred with fellow GOP candidate Mitt Romney over his economic plan during the debate Tuesday night. "It's a catchy phrase. I thought it was a pizza deal at first," Romney said ofCain's 9-9-9 plan.

LOL.

I like the idea of getting rid of the current tax structure and just going with a 12% flat tax on personal income, a 20-25% Corporate tax and NO federal sales or VAT tax. I'm calling it the 12-20-NO plan.