Looks like the Wall Street Journal agrees with what I’ve been saying now for some time.
And the LESSER amount of money raised by 999 can only mean that Cain’s plan does NOT pay for his new Chilean Model Social Security.
Some will say that his plan gets rid of social security payroll taxes, but not so fast. He is ADDING a Chilean Model new deduction to pay that totals ANOTHER 10-20% of income.
So, it’s really 9-9-9 + (Chilean 10-20%)
Obama will eat his lunch.
What’s the basis for your conclusion that this plan will raise fewer revenues?
IIRC, Art Laffer said Cain’s plan will raise more revenue.