Republican presidential candidate Herman Cain admitted Sunday that “some people” would pay more in taxes every year under his “9-9-9” tax reform plan.
“That’s right. Some people will pay more,” Cain told David Gregory of NBC’s Meet the Press. “But most people will pay less, that’s my argument.”
Cain’s plan throws out the current tax system by establishing a 9 percent corporate tax, a 9 percent income tax and a new 9 percent national sales tax. During a lengthy discussion with Gregory, Cain defended his plan from critics who say the plan will make lower income earners pay more.
Asked by Gregory who will pay more, Cain said, “The people who spend more money on new goods. The sales tax only applies to people who buy new goods, not used goods. That’s a big difference that doesn’t come out.”
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