The current U.S. tax system is unnecessarily complicated and costly. Our leaders must reform the tax system to support economic growth and long-term debt reduction by making the system more efficient, fair and simple.

Deficit and Tax Policy

HERMAN CAIN

Cain’s 9-9-9 Tax Plan – A Tax Plan That’s Not Fully Cooked

Before delving into Herman Cain’s 9-9-9 tax plan, I want to give the presidential candidate some credit. It’s not easy for a politician to come out and propose a radical overhaul of the tax code, especially not in this political climate.

The main reason it’s received a lot of attention is due to its simplicity and easily digestible numbers. Every time someone says we should implement 9-9-9, it’s hard not to feel like it‘s as easy as ordering a pizza. However, what sounds simple turns out to have many complicated details that need to be better understood.  And while it seems like lower taxes for everyone, early analysis declares the plan will mean higher taxes for many in the middle and lower classes.

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