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Cain needs to do a better job explaining how removal of the current tax code and related mandates/regulations will bring the cost and price of goods down far more than the 9% that people will be spending on the sales tax that is put back on those goods.

As for it being a VAT tax, the way Bachmann explained the VAT tax, we ALREADY HAVE THAT in everything we buy at the federal level... so again, the end result is that the NST is a net lowering of federal tax on goods produced. The 9% NST is on the retail level. The current federal taxes/regs are at every level.

>>>Cain needs to do a better job explaining how removal of the current tax code and related mandates/regulations will bring the cost and price of goods down far more than the 9% that people will be spending on the sales tax that is put back on those goods.

From the Laffer article inthe WSJ:

"Thus, Mr. Cain's 9-9-9 tax base for his business tax is $9.5 trillion, for his income tax $7.7 trillion, and for his sales tax $8.3 trillion. And there you have it! Three federal taxes at 9% that would raise roughly $2.3 trillion and replace the current income tax, corporate tax, payroll tax (employer and employee), capital gains tax and estate tax."

It would appear that more than a third of the revenue from this plan would be derived from the corporate tax. Looking at the current Monthly Treasury reports, corporate income tax accounts for less than 10% of revenues under the current plan. If corporations are going to bear a much larger share of the tax burden, would we necessarily see savings in the prices of goods and services?

When a Tax Lawyer like Bachmann throws out the VAT term she disqualifies herself from serious consideration. She knows full well the VAT and the 9-9-9 tax are completely different things.

A VAT is a hidden tax that taxes every level of production and then is hidden inside the cost of goods thus making business the tax collecting cut out for Government. 9-9-9 taxes once at the final point of sale and is an transparent add on showing he payer how much tax they paid.

This continual attempt to obfuscate the real details of the 9-9-9 plan by manufacturing a fraudulent link to a European VAT raises questions about Bachmann’s intellectual honesty and credibility.

If she cannot get even the most basic details of 9-9-9 correct, what else is she misleading us about?