Cain Reveals Tax Loopholes, Says 9-9-9 Is Really 9-0-9

At a campaign event in Detroit Friday, Republican presidential candidate Herman Cain revealed exceptions to his 9-9-9 tax proposal that make the plan less like the flat tax that his supporters have made it out to be. Cain scheduled Friday's

By David Edwards

10/21/11 11:10 am

praised Cain's plan as coming "closest to a true flat tax."

"His argument for a '9-9-9' plan puts the current income and payroll taxes in the shredder and replaces them with a 9% personal income tax with no deductions, a 9% net business income tax, and a 9% national sales tax," Moore wrote in September. "That would be rocket fuel for the economy, though the combination of a federal sales tax and an income tax is a big worry."

Cain Reveals Tax Loopholes, Says 9-9-9 Is Really 9-0-9

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