Would Herman Cain's 9-9-9 tax plan get you to vote for him?
FROM CNN's Jack Cafferty:
Republican presidential candidate Herman Cain is breathing down Mitt Romney's neck – and much of the attention he's getting is focused on his 9-9-9 tax plan.
Cain talks about this plan, and how it would stimulate economic growth, a lot.
Whether you agree or disagree with Cain's tax plan, there's no doubt it would simplify our complicated tax code.
The 9-9-9 plan would get rid of almost all of the current taxes and replace them with:
- A 9% flat federal individual income tax
- A 9% flat federal corporate tax
- And a new 9% national sales tax
Not everyone is sold. Far from it. Some economists along with other Republican presidential hopefuls have questioned the plan.
Critics say it would give the government a new revenue stream, the national sales tax, while not protecting families from paying more. Some insist it would raise taxes for the poor and middle class while cutting taxes for those at the top.
But Cain insists that while some people will pay more under his plan, "most people will pay less." He tells NBC that despite congressional opposition he thinks he could push through this plan as president.
Meanwhile it's worth pointing out that the 9-9-9 plan is just an early step in Cain's tax reform plans.
Ultimately he supports a "fair tax." This is a kind of national sales tax that would replace the current tax code and all the credits, deductions and exemptions.
So, for example, while mortgage deductions would disappear, the plan would still make overall taxes less for many homeowners.
And it seems people are intrigued. Cain has surged in the national polls. He's also statistically tied with Romney in the crucial early voting states of Iowa and South Carolina, and he's in second place in New Hampshire.
Here’s my question to you: Would Herman Cain's 9-9-9 tax plan get you to vote for him?
Interested to know which ones made it on air?
Where are the Occupy Wall Street protests destined to end?
FROM CNN's Jack Cafferty:
What started with a few people in New York's financial district complaining about the economy and corporate greed has now spread around the world.
And as the Occupy Wall Street movement marks a month of protests, there are no signs of it slowing down.
Protesters have taken to the streets not only in a growing number of U.S. cities, but around Europe and Asia.
This includes cities like London, Rome, Paris, Oslo, Copenhagen, Sydney, Hong Kong, Taipei, and Tokyo. These protests have been mostly peaceful except for Rome, where they set off riots.
Organizers say protests will be held in 950 cities in 82 countries. Sort of sounds like a revolution.
Here in the U.S., police arrested hundreds of protesters over the weekend, including in New York, Chicago, Denver, Phoenix, and Raleigh, North Carolina.
American protesters say they're angry that banks keep making hefty profits after the 2008 bailouts, while ordinary Americans suffer under a struggling economy and 9% unemployment.
They say they take their inspiration from the Arab spring movement that led to the toppling of regimes in Africa and the Middle East.
Critics accuse the protesters of not having clear goal, and they question how long the movement can keep going. But they have lasted a month so far, and the folks who laughed at them don't look so smart now.
Plus politicians seem to be taking note that these protests aren't going away any time soon:
President Obama has voiced support for the demonstrators, and Republican House Majority Leader Eric Cantor - who previously compared protesters to "angry mobs" - now says his party agrees there is "too much" income disparity in the U.S.
Here’s my question to you: Where are the Occupy Wall Street protests destined to end?
Interested to know which ones made it on air?
@jackcafferty on Twitter
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