What Cain has done on taxes and economic policy is similar to what John Edwards did on health care in 2008. He came out of the box first with a comprehensive plan, and it drew his competition entirely to his left. Even though Cain is being savaged for his wealth redistribution scheme, he’s drawing everyone to his right. Rick Perry’s introducing a flat tax. Mitt Romney endorsed a version of the Paul Ryan plan for Medicare vouchers. It’s become follow-the-leader in the Republican Party, and Cain is the leader. Regressive taxes and wealth distribution upward is the order of the day.
|By: David Dayen Friday October 21, 2011 12:15 pm|
|By: Jon Walker Wednesday October 19, 2011 2:15 pm|
Herman Cain may have very limited political experience and lack policy depth, but so far, he’s proven to be a master at branding himself. When asked to use one word to describe the candidate, voters’ top answer for Herman Cain is 9-9-9. This is an impressive messaging accomplishment.
|By: David Dayen Wednesday October 19, 2011 8:15 am|
Surprise! Herman Cain’s plan is built around a catchy slogan, but the Tax Policy Center put out a distributional analysis of Herman Cain’s 9-9-9 plan, and as they show, it would raise taxes for 84% of the population, cost those in the lowest quintile 20% of their income, and save millionaires something close to $300,000 a year.
|By: David Dayen Wednesday October 12, 2011 9:50 am|
Herman Cain’s 9-9-9 Plan is a flat tax dressed up in fluffier clothing. Every GOP Presidential nomination campaign since Reagan has had at least one flat-taxer: Jack Kemp in 1988, Steve Forbes in 2000, Mike Huckabee in 2008, and now Herman Cain. The plans have a simplistic logic to them until people realize it’s basically another scheme to redistribute wealth upward.