Current Event #3: Conservative group backs Cain's '9-9-9' plan

So Herman Cain has this plan. It's called the 9-9-9 plan. Cain plans to replace the current tax system with a flat 9% income tax, 9% corporate tax, and 9% national sales tax. Conservatives are beginning to lighten up to this plan, and are saying that it will lead to an economic boom, but some  conservatives are worried about the sales tax addition to the plan. They think that it will "suck" income out of Americans.

Personally, I'm a liberal so I don't really think that tax-cuts are going to get our economy back to where it was. The government needs more revenue, not less. Although I don't advocate taxes that are too high, I do think that taxes are something that the government needs to sustain itself in the hard economy of today. I don't see how when we're in a large amount of debt, tax cuts are going to do anything other than make Americans feel better about themselves. Sure, tax cuts will take less money from normal Americans and will make them feel better, but in turn it will take money away from the government which kind of needs it right now. I also don't really like the 9% sales tax idea very much. 9% is no small sum. A 9% sales tax when buying a car could equal $1000 or more! So I don't really think that Cain's 9-9-9 plan is a good idea at this time.

To see the full story click on the link
http://politicalticker.blogs.cnn.com/2011/10/14/conservative-group-backs-cains-9-9-9-plan/?hpt=po_bn1