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Cain Economist: Drop National Sales Tax from 9-9-9 Plan


Stephen Moore, one of the economists behind Herman Cain’s 9-9-9 tax plan, has said that Cain should trop the sales tax and replace it with a 9 percent payroll tax, reports The Hill.

“I’ve come to the conclusion that the American people and the voters do not want a national sales tax,” he said. “[Cain’s] going to have to replace that national sales tax with a 9 percent payroll tax. And if you do that it’s a total winner.”

“I want to be very, very clear on this,” he continued. “I am not bearish on this plan. If you could put in place the 9-9-9 plan, oh my God, it would be like steroids in the economy . . . You would have a million jobs a month if we put this in place . . . I love the concept of it . . . but the American people will not go for a national sales tax. They’re just afraid of it.”

 
Posted by TPI editor on 10/18/2011 4:31:47 PM
Filed under: cain, plan, sales, tax, 9-9-9


 
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