October 22, 2011
Cain: For the poor, it’s ’9-0-9′
GOP presidential candidate Herman Cain clarified his much talked-about “9-9-9″ tax plan Friday, saying those who fall at or beneath the poverty level would have a different plan: “9-0-9.”
Cain took heat over his proposal, which replaces the current tax code with a 9% corporate tax, a 9% income tax and a new 9% national sales tax. Opponents have argued the middle part of the plan would increase taxes on the poor, who currently pay little to no taxes.
But Cain fired back Friday, saying in a Detroit speech that those paying no taxes now would continue to pay zero taxes under his plan.
Read The Full Story: CNN
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