If Paul Ryan takes Herman Cain's 9-9-9 Plan Seriously, should we keep taking Paul Ryan Seriously?
It's entirely possibly that there has never been a more ridiculed and completely dismissed domestic policy proposal than Herman Cain's 9-9-9 Tax Plan. Democrats hate it. Conservatives hate it. Even Grover Norquist hates it. Bruce Bartlett says of the plan:
At a minimum, the Cain plan is a distributional monstrosity. The poor would pay more while the rich would have their taxes cut, with no guarantee that economic growth will increase and good reason to believe that the budget deficit will increase.Even conservatives are quick to point out that the plan increases the tax burden on the middle class:
Even allowing for the poorly thought through promises routinely made on the campaign trail, Mr. Cain’s tax plan stands out as exceptionally ill conceived.
House Budget Committee chairman Paul Ryan says he “loves” presidential candidate Herman Cain’s signature “9-9-9″ tax plan.
Much more here and well worth a read.