Every time in history, whenever the marginl tax rate has been lowered, economies and tax revenues have boomed. Every single time. You should know this.
In Canada, there is a 17% GST, NOT A VAT, half goes to federal govt and half to the province. 9% sales tax would not kill any one paired with 9% flat tax.
” 9% sales tax would not kill any one paired with 9% flat tax.”
Being a businessman I feel Cain has put a marker out there, coupled with the bigger picture - repeal the current code.
He’s bold enough to be strategic, where to date the others are “ sound bite” tactical.
Sure I want to see more, and he will have to do that at some point.
I think he’s keeping it simple to shape the debate, and then will show if he really has it when it comes to the details, impacts we all deserve to know.