Wednesday, October 26, 2011

9-9-9 tax plan not worth supporting


Other side of the coin.
Is "9-9-9" the best economic solution that a Republican presidential candidate can present? The prospect of a 9 percent national sales tax on top of a 9 percent federal income tax has been proposed by Republican candidate Herman Cain.
He seems to be unaware that most of us are already inundated with local, county and state sales taxes now hidden in our phone bills, fuel bills and food bills (until Wyoming ended the food tax), etc.
Imagine a national sales tax on everything you buy! Some economists say it would add $2,000 tax annually on a family of four.
Cain would try to get Congress to never raise the national sales tax and, like the health plan, would kick in deductions for inner-city residents or other special interests.
What should Americans do if politicians give us this bone of contention? This dog won't hunt!
Nora Marie Lewis
Basin, Wyo.


Read more: http://billingsgazette.com/news/opinion/mailbag/article_f5bfbe34-5ea3-5e1b-ae27-88a52204cb9e.html#ixzz1btCX8t9z

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