Wednesday, October 19, 2011

Mitt Romney gives Cain's 9-9-9 Plan the Thumbs down

...."If you do a back of the envelope calculation, you'll find that many, many people and, probably on average, most people in middle income categories will have their taxes go up under a 9-9-9 plan," Romney told his New Hampshire supporters on a conference call, after being asked his opinion of 9-9-9.


"I think it's going to be pretty clear over the coming weeks as we take a close look at Herman Cain's proposal that there will be some people who find it very troubling," Romney said. "There will be some, by the way, who find that their taxes will go down a lot, and they'll find it very attractive. There are others who will find that their taxes go up a lot."

On the call, George Lovejoy, the co-founder of the Granite State Taxpayers Association, warned that Cain's proposal to impose a federal sales tax could hurt seniors on fixed incomes.

"If you're right that senior citizens who are living on a fixed income would suddenly find their costs go up a nine percent sales tax, that could be very difficult indeed, and very troubling," Romney said. "If you're right, it hurts senior citizens, and I think that what you described, you may well be right on that, then that's not something that's going to fly with the American public and it certainly wouldn't fly with me."

Read the entire article HERE,

If you want to see the breakdown that the Tax Policy Center did on this plan, go HERE. Unfortunately, no mater which way you look at this plan, it's a bad idea.

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Anonymous said...

Love the photo.

Julia / Idaho said...

It is great that we have the time in this Primary process to allow the hot air to cool... Cain boasts that if the election were held today, he would win.... yes, he would want the election quick, because he knows the high is now losing altitude at the speed of sound... the sound people are making when they realize the 999 plan is NOT so great after all! Conservatives, Moderates, Independents and Tea Party Patriots UNITE! All can find common ground with, and support, MITT ROMNEY - the ONLY one that can and WILL beat Obama in the General Election! UNITED, WE STAND. DIVIDED, OBAMA WINS AND AMERICA FALLS!!! ROMNEY 2012!