84% would pay more under Cain’s 9-9-9 plan

Jeanne Sahadi, CNN Money

10/20/2011

Would Cain’s 9-9-9 hurt the poor?

Under Herman Cain’s 9-9-9 tax reform plan, 84% of U.S. households would pay more than they do under current tax policies, according to a report released Tuesday by a nonpartisan research group.

And the impact would be felt most heavily by the lowest income groups.

Those are some of the estimates from the Tax Policy Center’s analysis of Cain’s proposal, which has helped make him a leading contender for the Republican 2012 presidential nomination.

While some key questions about the 9-9-9 plan remain unanswered, the Tax Policy Center’s analysis is one of the first to take a comprehensive look at its potential impact.

And now… the rest of the story. …..