Responses - WSJ Letter Published In Opposition To Herman Cain's Tax Plan

Below are three responses to the subject message that add to the discussion.

 

---Response #1---

 

I, too, am disheartened that Cain abandoned the FairTax. However, the 9-9-9 plan is still a far better solution to what we currently have. I believe the anti- FairTax crowds, on both sides of the isle have poisoned the concept to a point where it does not stand a chance. Not unlike the unending assault on Palin. For the FairTax to be viable, it would require the repeal of the 16th Amendment. It would be virtually impossible to get the necessary support in Congress to pass, not to mention the 2/3 of the states. There are too many vested interests in government. Even if you could, it would take years to pass. I don't think we have that long to wait. Cain's idea would be a great first step towards FairTax without having to take the 'leap of faith' it would require. Might it go to 29-29-29? Possibly. Would the 30% get bumped to 40 or 50%? Possibly, depending on circumstances. Once you raise it, it won't come back down.

 

---Response #2---

 

Happy to see you letter today - short and spot on. Yes - no precursors to High European income tax - consumption tax debacle.

 

---Response #3---

 

How disappointing. Mr. Cain was the only candidate that was championing the FairTax and it looks like he has abandoned it. The idea of retaining the income tax and adding a sales tax is repugnant. Add that to the state income and sales taxes and we will be in worst shape, and we have no guarantee the rate will not go up in time or that the loopholes will be removed.