Election 2012

Cain's 9-9-9 Plan Will Raise Middle Class Taxes

Ezra Klein ran the numbers and determined that Cain's tax plan would raise taxes by $5000 per year on families earning $50,000. That's a huge middle class tax hike.

At the same time, 9-9-9 would also cut taxes by $41,208 on families earning a million dollars per year.

Throw into the mix the fact that it would generate a budget deficit equal to the massive post-World War II deficit.

Yep. Sounds like the Bush tax plan, doesn't it? Massive deficit, massive tax cut for the rich. Let the next guy clean up the mess, and then blame that guy for the mess. This is the Republican fiscal policy: starve the beast and screw the next unlucky bastard.

But, then again, the Republicans will never nominate a black man, and even if they do, the 9-9-9 plan doesn't have a chance in hell of becoming law. The point, however, is that this Cain character is selling a big steaming bucket of hooey -- and he's the next frontrunner because of this big steaming bucket of hooey. So anyone who's buying into 9-9-9 is phenomenal nincompoop, and I have some robot insurance to sell them.