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Cain Says to Throw out the Tax Code

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New York (September 26, 2011)

By Michael Cohn

Republican presidential candidate Herman Cain pulled off an upset victory in the Florida straw poll over the weekend, campaigning on his 9-9-9 plan to cut taxes.

Herman Cain

The former Godfather’s Pizza CEO won the poll by 22 points over Texas Governor Rick Perry, with 37 percent for Cain versus 15 percent for Perry and 14 percent for former Massachusetts Governor Mitt Romney. Cain said on NBC’s “Today Show” on Monday that the Tax Code should be thrown out.

Asked by co-anchor Ann Curry about how he would get corporations to start investing the $2 trillion in cash that they are sitting on to get the economy moving again, Cain drew a distinction against his rival candidates.

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“Unlike all of my competitors in this race, they are trying to tinker around the edges to recommend a fix based upon the Tax Code,” said Cain. “My plan starts with throw out the Tax Code. It’s bold because this economy is on life support. And then pass my 9-9-9 plan: a 9 percent business flat tax, a 9 percent personal tax and a 9 percent national sales tax. It will replace the payroll tax, corporate and personal income taxes, the capital gains tax, and it will also replace the death tax.”

Cain added that the plan provides more certainty for businesses and they won’t be penalized for repatriating trillions of dollars in profits. “Certainty is what the American business community is looking for,” he said.

Cain was also asked about a Saturday Night Live spoof of the Republican presidential candidate debates over the weekend, which poked fun at his background in the pizza business. He said he loved the spoof so much he might even start using a slogan from the skit: “Vote for me and I will deliver.”

“I will take that and run with it,” said Cain. “I couldn’t have come up with a better one myself.”

4 Comments

I totally agree with imacpa123. No need to say more.

Posted by: Tedego | September 28, 2011 1:12 PM

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The problem that all flat-tax proponents forget is you still have to define income. It would be fine for wage earners, but what is income for businesses? I certainly hope it would not be defined as gross receipts. As soon as you start to define income you have a tax code.

Posted by: imacpa123 | September 27, 2011 11:15 AM

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He appeals to the ignorant; and there are plenty around.

Posted by: Unknown | September 27, 2011 11:14 AM

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I wish Mr. Herman Cain was the "Chosen One" rather than Oprah's own "Chosen One". The country would have been better of.

Posted by: Lino | September 27, 2011 10:43 AM

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