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Cain: Lobbyist heads are exploding over tax plan
Question of the Day
LAS VEGAS — Presidential contender Herman Cain defended his 9-9-9 tax plan, saying that vested interests in Washington are fighting to block what taxpayers are demanding, so much so that their heads are about to burst.
“The American people get it. Its the ones in Washington DC who have a vested interest in the current tax code who don’t want 9-9-9 to succeed,” he said during a speech at the Western Leadership Conference, suggesting that the “lobbyist brains have exploded” over his push to strip all the loopholes out of the federal code.
When the lobbyist ask him about what they are going to for a living under his plan, Mr. Cain said he’ll tell them “go find a real job.”
The former Godfather Pizza’s CEO has come under intense fire for the plan, which would replace the current tax system with a 9 percent tax on corporate and individual income, and a 9 percent national sales tax — the most controversial part of his plan. But on Wednesday he received a much warmer welcome from the crowd than Texas Gov. Rick Perry did hours earlier.
Brushing aside critics, including his GOP rivals, who say the plan is regressive, Mr. Cain said the plan assures that poor people are not thrown “under the bus.”
“We anticipated that attack, but I didn’t tell them how I would fix that,” he said, though he did not provide any additional details.
Mr. Cain defended his plan by employing what’s become known as his bread argument. His plan, he says, will eliminate the numerous taxes that are embedded in the producing a loaf of bread — ranging from those imposed on the farmer who grew the wheat, the miller who turned it and the baker who baked it. Under his plan, those taxes are made visible at the point of sale.
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