'Washington Post' fact checkers say Cain's plan is misleading
(NEWSER) - Herman Cain is being dishonest in touting his “9-9-9” plan, positioning it as some kind of tax cut, when “in reality tens of millions of lower income Americans would face tax increases,” Washington Post fact checker Glenn Kessler has concluded, giving Cain three out of four Pinocchios. The plan would replace the tax code with a 9% corporate tax, 9% income tax and 9% federal sales tax, which would amount to a big tax cut for the wealthy, who spend little of their income, but a big tax increase for most other families, since it eliminates the deductions they rely on. More»
