Effect of Cain plan on middle class
It’s gonna be a hot time in the old “townhall” Tuesday night when the GOP candidates go after the newly minted frontrunner’s 9-9-9 tax plan.
According to a chart posted by Reuter’s, Herman Cain’s plan would reduce by seven percent the after-tax income of a single person earning $50,000 in wages per year; reduce by 19 percent the after-tax income of a family of four earning $50,000 in wages per year; and raise by seven percent the after-tax income of a single person earning $1 million in capital income per year:
Aggressive war on the Middle Class? Why, you’d think Cain wanted to become a member of the ruling elite! Now we only need to know what he thought of TARP. This article links the Cain column from 2008 which is an unbridled paean of praise for TARP:Sophia A. writes:
What are you trying to do, start a Cain Mutiny?LA writes:
I repeat what I said to a commenter in another post about Cain yesterday: I am not anti-Cain, I am not pro-Cain. If readers sent me informative items supporting Cain’s 9-9-9 proposal, I would post them too.
Posted by Lawrence Auster at October 10, 2011 01:13 PM | Send