Wednesday, October 12, 2011

Bush-Era Economic Adviser Calls Cain’s 9-9-9 Plan A ‘Monstrosity’

Here's what Bush Economic Adviser Bruce Bartlett has to say about Herman Cain's '9-9-9' Tax plan:

Cain’s plan would do away with the complex system of deductions and loopholes that currently plague the tax code, but it would also redistribute the tax burden from the wealthy to middle and low income Americans, Bartlett states.

Bartlett said that under the 9-9-9 phase of Cain’s plan, the only phase the GOP presidential candidate usually mentions, the poor and middle classes will “unquestionably pay more,” while the rich, who pay most of their taxes though the capital gains tax that Cain would eliminate, will pay “almost nothing.”

Here's a link to Bartlett's NYT editorial:

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