Cain’s Tax Plan Wouldn’t Work

Bruce Bartlett studies the pizza tycoon's "9-9-9" economic plan. Bottom line:

At a minimum, the Cain plan is a distributional monstrosity. The poor would pay more while the rich would have their taxes cut, with no guarantee that economic growth will increase and good reason to believe that the budget deficit will increase. Even allowing for the poorly thought through promises routinely made on the campaign trail, Mr. Cain’s tax plan stands out as exceptionally ill conceived.