By Katie Chambers
Simple, transparent, efficient, fare and neutral – words describing Herman Cain’s 9-9-9 plan. His new and bold plan may have caused the recent poll increases, indicating Cain’s approval ratings are on the rise.
Cain’s 9-9-9 plan would pitch the current tax system, which includes capital gains tax, corporate income tax, personal income tax and the death tax, and replace it with a 9 percent tax on corporate business, personal income, and national sales.
He needs a strong framework to win people over. Cain will need to convince the American people that the 9-9-9 plan is the best solution for the country.
“9-9-9 is bold, and the American people want a bold solution, not just what’s going to kick the can down the road,” Cain said Wednesday during the GOP debate. The current tax system is confusing, filled with loopholes and tax breaks for corporations.
The most appealing changes apply to the current payroll tax, which is at 15.3 percent. If 9-9-9 gets put in place it would reduce by 6 percent.
According to a Wall Street Journal and NBC poll, Cain is leading national polls at 27 percent, a 22 percent increase from past surveys, bumping Mitt Romney to 23 percent and Rick Perry at 16 percent.
Many say Cain’s campaign lacks structure and funding, according to Politico.com “Cain has to lend himself half a million dollars to break even” in last quarters fundraising numbers.
Michelle Bachman and Rick Santorum criticized Cain during the debate, noting that when congress gets a new revenue stream it is difficult to get rid of it and leaves opportunity for congress to raise the 9 percent in the future.
I agree with the saying, “the simplest solution, is the best solution,” but my discontent with government has grown so strong I feel certain something undesirable will appear in the 9-9-9 plan.
Nonetheless, I applaud Cain for taking the initiative in producing a fresh, somewhat revolutionary idea. Many GOP contenders ridiculed 9-9-9, but have yet to propose an idea Americans respond well to.