What’s scariest on Halloween 2011:
Ghosts, goblins—or flat taxes?
Republican presidential candidate Herman Cain raised the specter of flat taxes with his 9-9-9 plan—and his popularity has risen, pollsters say, largely because of this idea. Now, other candidates are stampeding to present their own tax plans.
What do you think of Cain’s plan?
The bare bones are these: 9% business flat tax, 9% individual flat tax, and 9% national sales tax. Cain explains the details and benefits on his web site: “The 9-9-9 Plan gets Washington D.C. out of the business of picking winners and losers, using the tax code to dole out favors, and dividing the country with class warfare. It is fair, simple, transparent and efficient. It taxes everything once and nothing twice. It taxes the broadest possible base at the lowest possible rates. It is neutral with respect to savings and consumption, capital and labor, imports and exports and whether companies pay dividends or retain earnings.”
Most voters (61%) agree that it’s “a good idea to get rid of the existing income tax code and replace it with something simpler,” according to a new poll by Rassmussen Reports. Only 16% say we don’t need a simpler tax code (the rest of respondents say they are unsure).
However, only three of ten (31%) voters favor Cain’s 9-9-9 plan, according to Rassmussen Reports. About half (49%) of American voters are against Cain’s flat-tax proposal, and 20% are not sure. Opposition to 9-9-9 has grown in the recent weeks.
I’m not quite sure what to make of it, but 31% of Americans also say they believe in ghosts, according to another Rassmussen Reports poll. Belief in ghosts is on the rise, up from 27% last year and 23% the year before.
What do you think of Cain’s 9-9-9 flat tax plan?
Does it scare you?
Or, is it better than what we have now?
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Originally published at www.OurValues.org, an online experiment in civil dialogue on American values.