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Tuesday, November 29, 2011

Fox News tries to hype Cain's 9-9-9 plan



By now most Americans know that GOP "tax reform" is designed to help the most affluent Americans. Herman Cain's tax plan was not well-received.

Rick Perry's tax plan which was a rehash of Mike Huckabee's fair tax got somewhat better press.

Both GOP plans result in regressive flat taxes. The GOP objective appears to eliminate a progressive income  tax system that taxes the affluent at higher rates than the less affluent and to replace income tax with a flat tax.

The Republicans have been selling tax reform since the Reagan administration.

Flat taxes, which are regressive, would place a higher tax burden on working and middle class Americans.
It's as simple as that.

Be aware, too, that most US taxes are flat: sales tax and property tax are good examples.

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