The facts on Herman Cain's '9-9-9' tax plan
Herman Cain stunned the Republican political establishment Saturday, easily winning Florida's Presidency 5 straw poll by trumpeting a platform of specific tax reforms he calls the "9-9-9 Plan." The plan would eliminate the current tax system all together, replacing it with a 9 percent personal income tax, a 9 percent corporate income tax and a 9 percent national sales tax.
"Our tax code is the 21st Century version of slavery. The IRS has become the overseer of the American people," says Cain, 65, who made his name in the business world by turning around the Godfather's Pizza chain as chief executive officer. He now serves as a motivational speaker and has authored books on leadership.
Cain has yet to detail hyper-specific points about the 9-9-9 Plan, but we have a good idea of how it would generally function. Story here.