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Matt Wuerker for October 12, 2011
October 11, 2011
October 14, 2011
Transcript:
Experts discover the key to understanding Herman Cain's Economic plan. Nein, nein, nein Woman 1: That's right, it's in German! Man: ....More like Austrian Woman 2: Help with my student loans? Herman Cain: Nein Woman 3: Help with my crushing medical bills? Herman Cain: Nein Boy: Help for homeless kids? Herman Cain: Nein
cains plan is a tax increase on lower income americans. pretty simple. a fimly of four making 50k a year would pay 10 percent more in taxes.
it also won’t fly with the neo-cons as it is somewhat a VAT, too european, in that it is a tax on consumption.
the neo-cons don’t like consumption taxes.
bottom line it is regressive. i’m opposed to regressive taxes, they are unfair.