<p>Republican presidential candidate Herman Cain speaks on Friday while unveiling his "Opportunity Zone" economic plan in front of the Michigan Central Station, an abandoned train depot in Detroit.</p>
Republican presidential candidate Herman Cain's 9-9-9 tax plan has taken a lot of heat recently. One of the biggest criticisms: several independent analysts have found that under the plan, poor and middle class families would pay higher taxes while the richest of the rich would see a substantial tax cut. Today in Detroit, Cain unveiled his response.
"If you're at or below the poverty level, your plan isn't 9-9-9," said Cain with the abandoned Michigan Central Station in the background. "It's 9-0-9."
<p>On the day he revised his tax plan to 9-0-9, Republican presidential candidate Herman Cain signs a supporter's "999" sign after unveiling his "Opportunity Zone" economic plan in front of the Michigan Central Station, an abandoned train depot in Detroit.</p>
Originally published on Fri October 21, 2011 3:29 pm
Republican presidential candidate Herman Cain's much discussed 9-9-9 tax plan just got a major facelift after intensifying criticism that it would shift the tax burden to the least fortunate Americans.
In a Detroit speech Friday, the former Godfather's Pizza CEO created another numbers scheme for those "at or below poverty level."
"Your plan isn't 9-9-9," Cain said, addressing low-income voters. "It is 9-0-9."
"Say amen y'all," said Cain, also a Baptist minister. "9-0-9."
<p>Republican presidential candidate Herman Cain steps out of his campaign bus to at a rally where he unveiled his "Opportunity Zone" economic plan in front of the Michigan Central Station, an abandoned train depot in Detroit. </p>
Originally published on Fri October 21, 2011 2:33 pm
This past week, republican presidential candidate Herman Cain has been hit hard over his 9-9-9 tax overhaul plan. During the last Republican debate, Cain's plan was attacked as regressive, meaning that it would hit the middle-class and poor Americans hardest.
<p>Rep. Michele Bachmann, shown speaking at a reception by the anti-tax group Iowans for Tax Relief, was once a prosecutor for the IRS. On the campaign trail, she's made that part of her resume a selling point. "I went to the inside to learn how they work, because I want to defeat them," she said in South Carolina.</p>
Perhaps more than any other Republican running for president this year, Minnesota Rep. Michele Bachmann has railed against taxes. She says they're too high, and that the current tax code should be repealed.
But Bachmann had a somewhat surprising early career: going after tax evaders as a prosecutor for the Internal Revenue Service.
'Know Your Enemy'?
At times, the congresswoman and former state senator has seemed to deny that for nearly her entire professional life, she's been on the public payroll.