Cain's 9-9-9 tax plan is bad for most Americans - and would be a losing issue in the general election

I love Herman Cain, but his tax plan is so awful that it disqualifies him for serious consideration.

The centerpiece of Cain's campaign is the 9-9-9 tax plan.

It's simple, BUT TRULY AWFUL for two reasons:

1 - it gives the federal government a national sales tax without canceling and making unconstitutional the income tax - and as Bachmann and Mark Levin have pointed out: that's a non-starter for real conservatives.

2 - If Cain wins the nomination and runs on the 9-9-9 plan, then the Democrats will simply point out that this is a HUGE TAX INCREASE on the bottom 51%, who currently pay NO INCOME TAX and only 7.65% and were I come from that is lower than 9%. SO... Cain's plan will actually RAISE taxes on all the households that pay only FICA - and that means he wants to raise taxes on 51% of the households.

IT'S ACTUALLY WORSE: many of the bottom 51% live check-to-check and SPEND NEARLY ALL THEIR PAYCHECK EACH WEEK. Under Cain's plan, they will get 1.5% less each week and have to pay 9% more each week.

That amounts to more than a10% loss for 51% of the households in the USA.

AND ANOTHER THING: many people can deduct their state income tax from their taxable federal income - and Cain's plan would seem to disallow that. So, all the people in states with high state income taxes would get clobbered again.

BOTTOM-LINE: CAIN'S PLAN MAKES FOR SOME GREAT SOUND BITES, BUT THE BIGGEST BITE IS THE ONE IT WOULD TAKE OUT OF MIDDLE AND LOWER INCOME PEOPLE.

IT'S AWFUL, AND IT SHOWS THAT HE IS NOT READY TO BE POTUS.

I THINK HE COULD MAKE A DECENT VEEP AND A GREAT SECRETARY OF COMMERCE.

UPDATE:

MRS. RICK PERRY - AGREES: SHE SAYS, WHEN SHE HEARS 9-9-9 SHE THINKS OF CALLING 911, BECAUSE IT RAISES TAXES ON MOST AMERICANS! (VIDEO AT LINK.)